China’s Nano Labs Targets $1 Billion in BNB With $500M Raise via

Adoption BNB China The company announced that it has signed a convertible promissory notes purchase agreement with several unnamed investors. Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has... Author Profile Share Copied Last updated: 4 hours ago Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews China-based Web3 infrastructure firm Nano Labs has entered into a $500 million convertible note agreement as part of a broader strategy to accumulate Binance Coin (BNB) holdings worth up to $1 billion. Key Takeaways: Nano Labs has signed a $500 million convertible note deal to begin accumulating BNB. The deal’s completion is not guaranteed and depends on standard closing conditions. The company aims to eventually hold 5–10% of BNB’s circulating supply as part of a broader digital asset strategy. In a Tuesday press release, the company announced that it has signed a convertible promissory notes purchase agreement with several unnamed investors. The notes mature in 360 days and carry no interest. Investors will have the option to convert the debt into Nano Labs’ Class A ordinary shares at a fixed price of $20 per share, subject to adjustment. The notes are unsecured and repayment is due... https://cryptonews.com/news/chinas-nano-labs-targets-1-billion-in-bnb-with-500m-raise-via-convertible-notes/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple