09:46 AM EDT, 08/21/2025 (MT Newswires) -- Nano Labs ( NA ) said Thursday it entered into an at-the-market offering agreement with Maxim Group for the sale from time to time of up to $45 million of its class A ordinary shares.

The company said it plans to use any net proceeds mainly for BNB and cryptocurrency asset reserve strategy, research and development of new products, and general corporate purposes and working capital.

Shares of Nano Labs ( NA ) were down 4% in early trading Thursday.

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