BNB Pivot Backfires? Nano Labs Launches Share Buyback as Stock Bleeds 40% [Yahoo! Finance]
Nano Labs Ltd - Class A Ordinary Shares (NA)
Company Research
Source: Yahoo! Finance
Despite this short-term bump, the company's stock remains down nearly 40% year-to-date, a sharp contrast to Binance's BNB, which recently hit an all-time high of $1,370. How Will Nano Fund the Acquisition? The buyback announcement, authorized by the board of directors, allows Nano Labs to repurchase up to $25 million worth of its shares over the next 12 months. The company said it will fund the repurchase from its existing cash reserves and proceeds from the liquidation of its crypto assets. According to market data, Nano Labs shares have plunged 37% year-to-date, maintaining a market capitalization of roughly $130 million. The freefall continued despite the company strengthening its balance sheet and investing in crypto. Interestingly, the repurchase plan gives Nano Labs the flexibility to buy back shares through open market transactions, privately negotiated deals, or block trades, in compliance with securities laws and insider trading regulations. The board will period
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News
- Nano Labs Announces Annual General MeetingGlobeNewswire
- Nano Labs Launches “NBNB Program” to Advance RWA Infrastructure and Compliance Ecosystem on BNB ChainGlobeNewswire
- Nano Labs Announces Early Repayment of Convertible Bonds to Enhance Risk Management and Protect Investor RightsGlobeNewswire
- Better Crypto to Buy and Hold: Solana vs. BNB [Yahoo! Finance]Yahoo! Finance
- Nano Labs Ltd Announces up to US$25.0 Million Share Repurchase ProgramGlobeNewswire
NA
Sec Filings
- 12/2/25 - Form 6-K
- 11/26/25 - Form 6-K
- 11/26/25 - Form SCHEDULE
- NA's page on the SEC website