Streetbeat News

Nano Labs Ltd

Industry

Semiconductor and Related Device Manufacturing

Open

4.20

Mkt cap

45M

Volume

74K

High

4.49

P/E Ratio

-1.16

52-wk high

47.50

Low

4.20

Div yield

N/A

52-wk low

2.75

Trading of Nano Labs shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:41 pm

Nano Labs shares were halted due to a circuit breaker trigger after the stock plummeted by 37.8%. This significant drop led to a temporary trading pause to manage volatility.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:36 pm

Trading of Nano Labs shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:35 pm

Nano Labs shares were halted due to a circuit breaker trigger after the stock plummeted by 20.7%.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:31 pm

Nano Labs Ltd (NASDAQ:NA), a fabless integrated circuit design company based in China, announced a $5M registered direct offering at $1.15 per share, including warrants. The offering involves 4,347,825 Class A ordinary shares and warrants for up to 6,521,737 shares, exercisable at $1.265. The proceeds, before fees and expenses, are aimed for company growth. Maxim Group LLC is the placement agent. The offering's closure is anticipated around April 15, 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 3:31 pm

In Thursday's pre-market session, 12 Information Technology stocks showed significant movement. Notably, Verb Tech, Ostin Technology Group, and VIA optronics were among the top gainers, while ClearOne, UTime, and Turtle Beach led the losers. The movements reflect changes in market valuations, with companies like BitFuFu showing an 11.49% increase and ClearOne experiencing a 24.5% decrease.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 12:10 pm

Ascent Solar Technologies, Inc. (ASTI) shares fell by 50% after announcing a $6 million public offering at $0.14 per share. Other stocks experienced significant movements, with Marin Software (MRIN) and Adial Pharmaceuticals (ADIL) among the top gainers, while VIA optronics (VIAO) and Velo3D, Inc. (VLD) led the losers.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 6:07 pm

In Wednesday's intraday session, several Information Technology stocks experienced significant movements. Marin Software led the gainers with a 147.9% increase, while Ascent Solar Technologies saw the largest drop among the losers, decreasing by 50.5%. Other notable movers include Infobird Co and Nano Labs with substantial gains, and VIA optronics and SMART Global Holdings among the losers.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 4:31 pm

Adial Pharmaceuticals (ADIL) shares surged 108% following the publication of a peer-reviewed article on AD04's clinical results and safety. Nano Labs (NA) filed its annual report, showing a 70% increase. ABVC BioPharma (ABVC) announced a global licensing agreement for oncology/hematology products, expecting $55M in licensing income and up to $50M in royalties.

Portfolio Pulse from ryanfaloona@benzinga.com

April 10, 2024 | 12:39 pm

PriceSmart, Inc. (NASDAQ:PSMT) shares rose by approximately 5% in pre-market trading after reporting Q2 earnings of $1.31 per share, surpassing estimates of $1.25 per share, with sales of $1.29 billion against expected $1.28 billion. Other stocks also showed significant movement in pre-market trading, with notable gainers including Marin Software, iCoreConnect, and Nano Labs, and losers such as FutureFuel Corp, Destiny Tech100, and PainReform Ltd.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:12 pm

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