TechFlow news, on October 15, Nano Labs Ltd (Nasdaq: NA), a listed company, announced today that its board of directors has approved a share repurchase program, allowing the company to repurchase up to $25 million worth of shares over the next 12 months. The repurchases will be conducted through open market transactions, private negotiated transactions, or block trades, with the specific number and timing of repurchases depending on factors such as stock price, trading volume, and market conditions. The company plans to fund the repurchase program using its existing cash balances and proceeds from the liquidation of cryptocurrency assets.
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