Nano Labs Ltd Announces Uplisting to The Nasdaq Global Market
Rhea-AI Summary
Nano Labs Ltd (Nasdaq: NA), a Web 3.0 infrastructure and product solution provider, has received approval to uplist from the Nasdaq Capital Market to the Nasdaq Global Market, effective September 19, 2025. The company will maintain its ticker symbol "NA".
CEO Jianping Kong highlighted that this uplisting represents a significant milestone, reflecting the company's sustained efforts and market recognition. The move to the Nasdaq Global Market, with its enhanced visibility and stricter listing requirements, is expected to provide Nano Labs with expanded opportunities for growth and shareholder value creation.
Positive
- Uplisting to Nasdaq Global Market indicates company meets higher listing standards
- Enhanced visibility and trading platform could attract institutional investors
- Company maintains compliance with more stringent market requirements
Negative
- No financial metrics or growth data provided to support the uplisting achievement
News Market Reaction
On the day this news was published, NA gained 2.09%, reflecting a moderate positive market reaction. Argus tracked a trough of -9.9% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $136M at that time.
Data tracked by StockTitan Argus on the day of publication.
HONG KONG, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider, today announced that it has been approved to transfer from the Nasdaq Capital Market to the Nasdaq Global Market, effective with the open of business on September 19, 2025. The company’s shares will continue to trade under the ticker symbol “NA.”
Mr. Jianping Kong, Chairman and Chief Executive Officer of the Company, commented, “We are thrilled and honored to complete this uplisting. It represents the culmination of our team’s long-term efforts and serves as a valuable recognition from both investors and the market. With the enhanced platform and more stringent standards of the Nasdaq Global Market, we believe we are well positioned to pursue broader opportunities, unlock greater growth potential, and deliver enhanced value to our shareholders.”
About Nano Labs Ltd
Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high-performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, Nano Labs has actively positioned itself in the crypto assets space, adopting BNB as its primary reserve asset. It has reserved in mainstream cryptocurrencies including BNB and BTC, and established an integrated platform covering multiple business verticals, including HTC solutions and HPC solutions*. 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.
Investor Contact:
Nano Labs Ltd
Email: ir@nano.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
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