| PROSPECTUS SUPPLEMENT NO. 2 |
|
Filed Pursuant to Rule 424(b)(3) |
| (to prospectus dated October 1, 2024) |
|
Registration No. 333-278977 |
Nano Labs Ltd
6,521,737 Class A Ordinary Shares
This Prospectus Supplement No. 2 is being filed
to update and supplement the information contained in the prospectus dated October 1, 2024 (as supplemented from time to time, the “Prospectus”)
that forms a part of our Registration Statement on Form F-1, as amended and supplemented (File No. 333-278977) (the “Registration
Statement”) with the information contained in two Current Reports on Form 6-K, each filed with the Securities and Exchange Commission
(“SEC”) on December 3, 2024 and December 5, 2024, respectively. Accordingly, we have attached these two Current Reports to
this Prospectus Supplement No. 2.
The Prospectus and this Prospectus Supplement
No. 2 relate to the proposed resale or other disposition of 6,521,737 Class A ordinary shares issuable upon the exercise of warrants,
or the Warrants, by the selling shareholders identified in the Prospectus. The selling shareholders acquired the Warrants from us pursuant
to certain securities purchase agreement, dated as of April 11, 2024, by and among us and the purchasers named therein, or the Securities
Purchase Agreement, in a private placement offering, or the Private Placement. We are not selling any Class A ordinary shares under
the Prospectus and will not receive any of the proceeds from the sale or other disposition of Class A ordinary shares by the selling
shareholders. However, we will receive proceeds from the exercise, if ever exercised, of the Warrants. The selling shareholders or their
pledgees, assignees or successors-in-interest may offer and sell or otherwise dispose of the ordinary shares described in the Prospectus
from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or
at privately negotiated prices. The selling shareholders will bear all commissions and discounts, if any, attributable to the sales of
Class A ordinary shares. We will bear all other costs, expenses and fees in connection with the registration of the shares. See “Plan
of Distribution” beginning on page 132 of the Prospectus for more information about how the selling shareholders may sell or dispose
of their Class A ordinary shares.
There is no assurance that the holders of the
Warrants will elect to exercise any or all of such Warrants or that they will exercise any or all of them for cash. The likelihood that
warrant holders will exercise the Warrants and any cash proceeds that we would receive is dependent upon the market price of our Class
A ordinary shares. If the market price of our Class A ordinary shares is less than the exercise price of the Warrants, meaning the Warrants
are “out of the money,” we believe the holders of the Warrants will be unlikely to exercise their Warrants, and we are unlikely
to receive proceeds from the exercise of Warrants. The amount of cash we would receive from the exercise of the Warrants will decrease
to the extent that Warrants are exercised on a cashless basis.
This Prospectus Supplement No. 2 updates and
supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination
with, the Prospectus, including any amendments or supplements thereto. This Prospectus Supplement No. 2 should be read in conjunction
with the Prospectus and if there is any inconsistency between the information in the Prospectus and this Prospectus Supplement No. 2,
you should rely on the information in this Prospectus Supplement No. 2.
Our Class A ordinary shares are listed on the NASDAQ Capital Market under the symbol “NA.” The closing price for
our Class A ordinary shares on December 5, 2024 was US$12.28 per Class A ordinary share.
Investing in our securities involves a high
degree of risk. See “Risk Factors” beginning on page 13 of the Prospectus and other risk factors contained in the documents
incorporated by reference herein for a discussion of information that should be considered in connection with an investment in our securities.
Neither the U.S. Securities and Exchange Commission
nor any other regulatory body has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is December
6, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2024
Commission File Number: 001-41426
Nano Labs Ltd
(Exact name of registrant as specified in its charter)
China Yuangu Hanggang Technology Building
509 Qianjiang Road, Shangcheng District,
Hangzhou, Zhejiang, 310000
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
EXPLANATORY NOTE
The document attached as exhibit
99.1 to this Form 6-K is hereby incorporated by reference into the Registrant’s Registration Statement on Form F-3 initially filed
with the U.S. Securities and Exchange Commission on August 14, 2023 (Registration No. 333-273968) and shall be a part thereof from the
date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| |
Nano Labs Ltd |
| |
|
|
| Date: December 3, 2024 |
By: |
/s/ Jianping Kong |
| |
Name: |
Jianping Kong |
| |
Title: |
Chairman and Chief Executive Officer |
EXHIBIT INDEX
Exhibit 99.1
Nano Labs Announces $50 Million BTC Purchase
Plan
Hong Kong, December 2, 2024 /PRNewswire/ -- Nano
Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design
company and product solution provider in China, today announced its plan to purchase and hold $50 million worth of Bitcoin (“BTC”)
over the next five years. This strategic decision underscores the Company’s confidence in BTC as a long-term store of value and
a foundational asset within the rapidly evolving Web 3.0 ecosystem.
As an active participant in the Web 3.0 space,
Nano Labs has consistently expanded its presence through innovative product offerings, including its B series for BTC mining and V series
for ETC (“ETH”) mining. The Company views BTC as an increasingly pivotal role in the digital asset ecosystem, driven by recent
market trends, favorable policy shifts, and growing institutional adoption.
By incorporating BTC into its strategic asset
portfolio, Nano Labs aims to strengthen its market position and contribute to the broader adoption and growth of the digital economy.
The Company cautions investors that the purchase
plan may be affected by various factors, including but not limited to: market conditions, regulatory changes, the Company’s financial
position, and other business considerations. The Company is not obligated to execute this purchase plan and may modify, suspend, or abandon
it at any time without notice.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated
circuit (“IC”) design company and product solution provider in China. Nano Labs is committed to the development of high throughput
computing (“HTC”) chips, high performance computing (“HPC”) chips, distributed computing and storage solutions,
smart network interface cards (“NICs”) vision computing chips and distributed rendering. Nano Labs has built a comprehensive
flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. Nano Lab’s
Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s
website at: ir.nano.cn.
| * |
According to an industry report prepared by Frost & Sullivan. |
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s
determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,”
“is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and
current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all
of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual
results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding
these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission.
The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or
otherwise, except as required under law.
For investor inquiries, please contact:
Nano Labs Ltd
ir@nano.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2024
Commission File Number: 001-41426
Nano Labs Ltd
(Exact name of registrant as specified in its charter)
China Yuangu Hanggang Technology Building
509 Qianjiang Road, Shangcheng District,
Hangzhou, Zhejiang, 310000
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
EXPLANATORY NOTE
The document attached as exhibit
99.1 to this Form 6-K is hereby incorporated by reference into the Registrant’s Registration Statement on Form F-3 initially filed
with the U.S. Securities and Exchange Commission on August 14, 2023 (Registration No. 333-273968) and shall be a part thereof from the
date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| |
Nano Labs Ltd |
| |
|
|
| Date: December 5, 2024 |
By: |
/s/ Jianping Kong |
| |
Name: |
Jianping Kong |
| |
Title: |
Chairman and Chief Executive Officer |
EXHIBIT INDEX
Exhibit 99.1
Nano Labs Announces Strategic Partnership with
HashKey Group to Drive Web3 Innovation
Hong Kong, December 5, 2024 /PRNewswire/ -- Nano
Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design
company and product solution provider in China, today announced that the Company has entered into a strategic cooperate agreement (the
“Agreement”) to explore in-depth cooperation in the Web3 space and blockchain ecosystem with HashKey Group (“HashKey”).
This partnership marks a significant step in Nano Labs’s commitment to advancing the technical innovation and application in Web3
and blockchain ecosystem.
Pursuant to the Agreement, a subsidiary of Nano
Labs will open a trading account on HashKey Exchange, a licensed virtual asset trading platform in Hong Kong under HashKey Group, and
invest in virtual assets to diversify its portfolio in the digital currency sector. The collaboration extends beyond digital asset trading
and is expected to include Web3 technology development and blockchain ecosystem construction, fostering innovation and growth in the Web3
industry.
Terence Pu, Managing Director of HashKey Exchange,
stated: “We are delighted to establish this strategic partnership with Nano Labs. With its extensive experience in technology development
and market expansion, Nano Labs brings a broad user base. This collaboration will not only provide enhanced virtual asset trading and
investment opportunities for both parties’ users but also accelerate the development of the Web3 industry.”
Jack Kong, Chairman of Nano Labs, commented, “Against
the backdrop of favorable market trends, regulatory support, and increasing institutional adoption, Bitcoin is playing an increasingly
critical role in the digital asset ecosystem. Our collaboration with HashKey Exchange will help Nano Labs further expand its virtual asset
business, seize opportunities in the digital asset sector, and create greater value for shareholders.”
About HashKey Exchange
HashKey Exchange is dedicated to setting new benchmarks
for compliance, fund security, and platform safety in virtual asset trading. Operated by Hash Blockchain Limited (HashKey Exchange), it
is one of the first licensed retail virtual asset trading platforms in Hong Kong. It has obtained approvals from the Hong Kong Securities
and Futures Commission (SFC) under the Securities and Futures Ordinance for Type 1 (Dealing in Securities) and Type 7 (Providing Automated
Trading Services) licenses, as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering Ordinance.
As the flagship business of HashKey Group, HashKeyExchange
provides one-stop virtual asset trading services for professional investors (PIs) and retail investors. The platform is ISO 27001 (Information
Security) and ISO 27701 (Data Privacy) certified. For more details, visit HashKey Exchange and follow us on Twitter and LinkedIn.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated
circuit (“IC”) design company and product solution provider in China. Nano Labs is committed to the development of high throughput
computing (“HTC”) chips, high performance computing (“HPC”) chips, distributed computing and storage solutions,
smart network interface cards (“NICs”) vision computing chips and distributed rendering. Nano Labs has built a comprehensive
flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. Nano Lab’s
Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s
website at: https://ir.nano.cn/.
| |
* |
According to an industry report prepared by Frost & Sullivan. |
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s
determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,”
“is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and
current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all
of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual
results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding
these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission.
The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or
otherwise, except as required under law.
For investor inquiries, please contact:
Nano Labs Ltd
ir@nano.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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