Nano Labs' board has approved a share repurchase plan of up to $25 million

according to GlobeNewswire, Web 3.0 infrastructure and product solutions provider Nano Labs Ltd (NASDAQ: NA) announced that its board has approved a stock repurchase plan, under which the company may repurchase up to $25 million worth of its stock over the next 12 months based on market conditions.

Under the stock repurchase plan, the company may periodically repurchase its common stock through open market transactions, privately negotiated transactions, block trades, or any combination thereof, subject to applicable securities laws and the company's insider trading policies.