Nano Labs (NA), a designer classified at the Nasdaq of high speed computer flea, concluded a private agreement to sell $ 500 million in convertible tickets that mature in 360 days to buy BNB from Binance
Token for his assessment.
Not guaranteed tickets will not wear any coupon and may be exchanged at any time for class stocks has negotiated the company’s NASDAQ at an initial price of $ 20. If investors are due to the term, Nano Labs must reimburse the entire principal.
The firm said in a press release that the revival is the first step in a cash program built around the BNC BNB.
The company intends to buy up to $ 1 billion in BNB thanks to ticket sales and other private internships, with a long -term objective of having 5% to 10% of the circulating token offer. BNB’s total market capitalization is currently $ 90.3 billion.
Nano Labs will assess the security and value of BNB before moving. The cabinet stressed that the agreement is not yet closed.
Nano Labs’ shares have increased by more than 100% since the announcement was made to negotiate $ 22.
Its press release comes shortly after a group of former head funds revealed that the collection plans of $ 100 million to buy BNB through a shell company listed in Nasdaq.
