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Benzinga
Benzinga
Business
Adam Eckert

Nano Labs Stock Is Soaring Tuesday: What's Going On?

Nano Labs BNB Nasdaq Bitcoin
StockChartDisplay,Stock,Market,Numbers,In,A,Street

Nano Labs Ltd (NASDAQ:NA) shares are rising Tuesday after the company announced plans to raise $500 million through convertible senior notes and target a BNB treasury strategy.

What To Know: China-based web 3.0 infrastructure provider Nano Labs has entered into a convertible notes purchase agreement with several investors to issue $500 million of promissory notes.

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