Nano Labs Board Approves Share Repurchase Program of up to $25 Million

ChainCatcher News, according to GlobeNewswire, Web 3.0 infrastructure and product solutions provider Nano Labs Ltd (Nasdaq: NA) announced that its board of directors has approved a stock repurchase program, under which the company may repurchase shares worth up to $25 million over the next 12 months depending on market conditions.

According to the share repurchase program, the company may periodically repurchase its ordinary shares through open market transactions, privately negotiated transactions, block trades, or any combination thereof, subject to applicable securities laws and the company's insider trading policies.