Nano Labs Announces $25 Million Share Buyback After 40% Stock Drop
Key Highlights:
- Web3 firm Nano Labs Ltd announced a $25 million share repurchase program, leading to a 7% premarket rise in shares. However, shares are down nearly 40% year-to-date.
- The repurchase will be funded by existing cash reserves and proceeds from liquidating crypto assets.
- Nano Labs aims to repurchase shares through various methods while complying with securities regulations.
- In June, Nano Labs entered a $500 million convertible note agreement to acquire BNB, intending to expand its holdings significantly.
- Nano Labs’ chairman and CEO, Jianping Kong, purchased 480,000 Class A shares in August 2025.
- The company is pursuing other strategic initiatives, including an At-The-Market Offering Agreement with Maxim Group LLC and a Memorandum of Understanding with TradeUP Securities for blockchain-based tokenized US equities.
- Nano Labs also made an equity investment in CEA Industries Inc. and transferred from the Nasdaq Capital Market to the Nasdaq Global Market.