Nano Labs Announces $25 Million Share Buyback Plan

According to PANews, Nano Labs Ltd, listed on NASDAQ as NA, has received board approval for a share repurchase plan valued at up to $25 million over the next 12 months. The company plans to execute the buyback through various methods, including open market purchases, private transactions, and block trades. The timing and amount of repurchases will depend on factors such as price, trading volume, and market and operational capital needs. The funding for this initiative will come from existing cash reserves and proceeds from the liquidation of crypto assets source: https://www.binance.com/en/square/post/31044820541498?utm_source=BinanceNewsRSS