12:56 PM EDT, 04/29/2024 (MT Newswires) -- Nano Labs ( NA ) on Monday filed a registration statement with the US Securities and Exchange Commission for the potential sale of about 6.5 million class A ordinary shares of the company by selling shareholders.

The shares are issuable upon the exercise of warrants, it said.

The company said it will not receive any proceeds from the share sale. But it will receive up to $8.2 million from the exercise of the warrants, which will be used for general corporate purposes.

Shares of the company climbed more than 11% in recent trading.

Price: 0.51, Change: +0.04, Percent Change: +7.82