Nano Labs Ltd Announces Strategic Investment in CEA Industries Inc.
SEC Filing 6-K (0001213900-25-069258)
Nano Labs Ltd, a leading Web 3.0 infrastructure and product solution provider in China, has entered into a strategic equity investment agreement with CEA Industries Inc., a company focused on building BNB reserves. Under the agreement, Nano Labs subscribed for 495,050 shares of Class A common stock of CEA Industries Inc. at a price of US$10.10 per share, along with 495,050 warrants with an exercise price of US$15.15 per share. If fully exercised, Nano Labs could hold up to 990,100 shares of CEA Industries Inc. This investment is part of CEA Industries Inc.'s ongoing US$500 million Private Investment in Public Equity (PIPE) financing plan, with proceeds primarily designated for the acquisition of BNB. Nano Labs aims to enhance its cryptocurrency reserve position through strategic partnerships and optimize its crypto asset allocation structure. As of the announcement date, Nano Labs holds approximately 128,000 BNB. The closing of the agreement is subject to customary closing conditions.