PANews reported on July 30 that, according to the official announcement, Nano Labs announced an investment in BNB strategic reserve company CEA INDUSTRIES INC., further strengthening BNB strategic reserves. According to the agreement terms, 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 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, supporting its $500 million PIPE financing plan. As of the date of this announcement, Nano Labs holds approximately 128,000 BNB.
Previous news, CEA Industries and 10X Capital privately raised $500 million under the support of YZi Labs to establish a BNB treasury.
