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Nano Labs (NA), designer of high -performance computing chips on NASDAQ list, concluded a private $ 500 million sales agreement in convertible notes that have matured in 360 days to buy BNB binance
Token for his balance sheet.
Unsecured notes will not carry any coupon and can be replaced at any time for stocks and NASDAQ traded companies at an initial price of $ 20. If investors hold the term, Nano Labs must fully repay the principal.
The company said va Press release The fact that the increase is the first step in the treasury program built around BNB Binance.
The company intends to buy up to $ 1 billion in BNB through the sale of notes and other private locations, with a long-term goal to own 5% -10% circulating token offers. The total BNB capitalization is currently $ 90.3 billion.
Nano Labs evaluates the safety and BNB safety before moving. The company pointed out that the agreement is not yet closed.
Nano Labs shares have risen by more than 100% since the announcement was issued to trade for $ 22 now.
Its press release comes shortly after a group of former Hedge Funds revealed taso Get $ 100 million to buy BNB Through the Shell company NASDAQ.
