Nano Labs Announces Closing of US$36.25 Million Private Placement

Core Viewpoint - Nano Labs Ltd has successfully closed a private placement of 5,611,459 Class A ordinary shares at a price of US$6.46 per share, raising approximately US$36.25 million in total gross proceeds [1]. Company Overview - Nano Labs Ltd is a leading fabless integrated circuit design company and product solution provider in China, focusing on high throughput computing (HTC) chips, high performance computing (HPC) chips, distributed computing and storage solutions, smart network interface cards (NICs), vision computing chips, and distributed rendering [3]. - The company has developed a comprehensive flow processing unit (FPU) architecture that integrates features of both HTC and HPC, with its Cuckoo series being among the first near-memory HTC chips available in the market [3][4].