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NA 6-K

Nano Labs Ltd (NA)

6-K 2024-11-21 For: 2024-11-21
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Added on April 12, 2026

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 November 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 ☐

Interim Condensed Balance Sheet as of September30, 2024

Nano Labs Ltd (the “Company”) sets forth the preliminary unaudited condensed balance sheet as of September 30, 2024, which have been prepared by, and are the responsibility of, the Company’s management. The preliminary financial data are based on the information currently available to us as of the date of this report.

Nano Labs Ltd

ConsolidatedBalance Sheets

(Unaudited)

As of <br><br>Sept 30, As of<br> Sept 30,
2024 2024
RMB US*
ASSETS
Current assets:
Cash and cash equivalents 50,322,415
Restricted cash 418,201
Accounts receivable, net 2,178,747
Inventories, net 10,191,230
Prepayments 24,155,244
Other current assets 52,524,971
Total current assets 139,790,808
Non-current assets:
Property, plant and equipment, net 197,476,913
Intangible asset, net 46,991,905
Operating lease right-of-use assets 7,028,136
Total non-current assets 251,496,954
TOTAL ASSETS 391,287,762
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debts 20,000,000
Current portion of long-term debts 4,580,000
Accounts payable 12,481,588
Advance from customers 83,505,919
Operating lease liabilities, current 2,877,067
Other current liabilities 70,839,217
Total current liabilities 194,283,792
Non-current liabilities:
Long-term debts 169,833,636
Operating lease liabilities, non-current 3,938,711
Total non-current liabilities 173,772,347
Total liabilities 368,056,139
Shareholders' equity :
Class A ordinary shares 100,584
Class B ordinary shares 36,894
Additional paid-in capital 531,220,288
Accumulated deficit (519,783,722 ) )
Statutory reserves 6,647,109
Accumulated other comprehensive income 5,010,470
Total Nano Labs Ltd shareholders' equity 18,516,603
Noncontrolling interests 4,715,020
Total shareholders' equity 23,231,623
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 391,287,762

All values are in US Dollars.

* Convenient translation rate is US$1 = RMB7.0074
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In accordance with Nasdaq Listing Rule 5550(b)(1), the Company is required to maintain a minimum of $2.5 million in stockholders’ equity for continued listing on The Nasdaq Capital Market. Based on the financial statements for the six months ended/as of June 30, 2024, as disclosed by the Company on September 18, 2024, the Company had fallen below this requirement.

During the three months ended September 30, 2024, the Company entered into agreements with Mr. Jianping Kong, its chairman and chief executive officer, and Mr. Qifeng Sun, its vice chairman, along with their respective affiliates (the “Lenders”) on September 20, 2024, to convert the interest-free loans from the Lenders in an aggregated amount of US$8.5 million into certain amount of Class A ordinary shares (the “Conversion”) in lieu of repayment of the Loans. The Conversion has been closed on September 23, 2024. This transaction has strengthened the Company’s financial position and increased its stockholders’ equity. As of the date the Company furnished this report, the Company reasonably believes it is compliant with Nasdaq Capital Market’s minimum stockholders' equity requirement of $2.5 million as a result of the aforementioned transaction.

The Company acknowledges that Nasdaq will continue to monitor its ongoing compliance with the stockholders’ equity requirement. If at the time of its next periodic report the Company does not evidence compliance with this requirement, it may be subject to delisting from The Nasdaq Capital Market.

This report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3, as amended, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 14, 2023 (Registration No. 333-273968) and a prospectus supplement dated April 11, 2024 thereunder, 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.


Forward-Looking Statements

This report contains forward-looking statementswithin the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities LitigationReform Act of 1995. These forward-looking statements include, without limitation, the Company’s compliance with the relevant Nasdaqcontinued listing standards, 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 basedupon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknownrisks, 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 compliance status, actual results, performance or achievements to differ materially from those inthe forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’sfilings with the SEC. The Company does not undertake any obligation toupdate any forward-looking statement as a result of new information, future events or otherwise, except as required under law.


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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: November 21, 2024 By: /s/ Jianping Kong
Name: Jianping Kong
Title: Chairman and Chief Executive Officer

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