Nano Labs announces investment in BNB strategic reserve company CEA INDUSTRIES INC.

On July 30, according to an official announcement, Nano Labs announced its investment in BNB strategic reserve company CEA INDUSTRIES INC., further strengthening the BNB strategic reserve. According to the terms of the agreement, Nano Labs subscribed to 495,050 Class A common shares of CEA INDUSTRIES INC. at a price of $10.10 per share. This investment also includes an equal number of 495,050 warrants with an exercise price of $15.15 per share. If fully exercised, Nano Labs will hold up to 990,100 shares of the company. This round of investment includes the subscription of 495,000 common shares and an equal number of warrants to support its $500 million PIPE financing plan. As of the date of this announcement, Nano Labs holds approximately 128,000 BNB.

Earlier news indicated that CEA Industries and 10X Capital raised $500 million in a private placement supported by YZi Labs to establish the BNB treasury. $XRP