豪微美股招股说明书(2024-07-11版)

424B31ea0204760-05.htmPROSPECTUS FiledPursuanttoRule424(b)(3)RegistrationNo.333-278977 NanoLabsLtd 6,521,737ClassAOrdinaryShares Thisprospectusrelatestotheproposedresaleorotherdispositionof6,521,737ClassAordinarysharesissuableupontheexerciseofwarrants,ortheWarrants,bythesellingshareholdersidentifiedinthisprospectus.ThesellingshareholdersacquiredtheWarrantsfromuspursuanttothatcertainsecuritiespurchaseagreement,datedasofApril11,2024,byandamongusandthepurchasersnamedtherein,ortheSecuritiesPurchaseAgreement,inaprivateplacementoffering,orthePrivatePlacement. WearenotsellinganyClassAordinarysharesunderthisprospectusandwillnotreceiveanyoftheproceedsfromthesaleorotherdispositionofClassAordinarysharesbythesellingshareholders.However,wewillreceiveproceedsfromtheexercise,ifeverexercised,oftheWarrants. Thesellingshareholdersortheirpledgees,assigneesorsuccessors-in-interestmayofferandsellorotherwisedisposeoftheordinarysharesdescribedinthisprospectusfromtimetotimethroughpublicorprivatetransactionsatprevailingmarketprices,atpricesrelatedtoprevailingmarketpricesoratprivatelynegotiatedprices.Thesellingshareholderswillbearallcommissionsanddiscounts,ifany,attributabletothesalesofClassAordinaryshares.Wewillbearallothercosts,expensesandfeesinconnectionwiththeregistrationoftheshares.See“PlanofDistribution”beginningonpage130formoreinformationabouthowthesellingshareholdersmaysellordisposeoftheirClassAordinaryshares. TheClassAordinarysharesarelistedontheNASDAQGlobalMarketunderthesymbol“NA.”ThelastreportedsalepriceoftheClassAordinarysharesonApril26,2024wasUS$0.4755perClassAordinaryshare. OnDecember15,2022,thePublicCompanyAccountingOversightBoard,orthePCAOB,announcedthatitwasabletosecurecompleteaccesstoinspectandinvestigatePCAOB-registeredpublicaccountingfirmsheadquarteredinmainlandChinaandHongKongcompletelyin2022.ThePCAOBBoardvacateditsprevious2021determinationsthatthePCAOBwasunabletoinspectorinvestigatecompletelyregisteredpublicaccountingfirmsheadquarteredinmainlandChinaandHongKong.ThePCAOBinspectionsteamhasalsocompletedfieldworkfor2023,withthecompleteaccessrequiredundertheHoldingForeignCompaniesAccountableAct,ortheHFCAA.However,whetherthePCAOBwillcontinuetobeabletosatisfactorilyconductinspectionsofPCAOB-registeredpublicaccountingfirmsheadquarteredinmainlandChinaand HongKongissubjecttouncertaintiesanddependsonanumberoffactorsoutofourandourauditor’scontrol.ThePCAOBcontinuestodemandcompleteaccessinmainlandChinaandHongKongmovingforward,aswellastocontinuepursuingongoinginvestigationsandinitiatenewinvestigationsasneeded.ThePCAOBhasalso indicatedthatitwillactimmediatelytoconsidertheneedtoissuenewdeterminationswiththeHFCAAifneeded.Ourauditor,MaloneBailey,LLP,isanindependentregisteredpublicaccountingfirmheadquarteredintheUnitedStateswithofficesinBeijingandShenzhen,China.MaloneBailey,LLPisafirmregisteredwiththePCAOB,andisrequiredbytheUnitedStateslawstoundergoregularinspectionsbythePCAOBtoassessitscompliancewiththelawsoftheU.S.andprofessionalstandards.Asofthedateofthisprospectus,wehavenotbeenanddonotexpecttobeidentifiedbytheSECundertheHFCAA.However,ifthePCAOBisunabletoinspectandinvestigatecompletelyregisteredpublicaccountingfirmslocatedinChinaandwefailtoretainaregisteredpublicaccountingfirmthatthePCAOBisabletoinspectandinvestigatecompletelyfortwoconsecutiveyears,orifweotherwisefailtomeetthePCAOB’srequirements,ourClassAordinaryshareswillbedelistedfromtheNasdaqStockMarket,andourshareswillnotbepermittedfortradingoverthecounterintheUnitedStatesundertheHFCAAandrelatedregulations.IfourClassAordinarysharesareprohibitedfromtradingintheUnitedStates,wecannotassureyouthatwewillbeabletolistonanon-U.S.exchangeorthatamarketforourClassAordinaryshareswilldevelopoutsideoftheUnitedStates.SuchaprohibitionwouldsubstantiallyimpairyourabilitytosellorpurchaseourClassAordinaryshareswhenyouwishtodoso,andtheriskanduncertaintyassociatedwithdelistingwouldhaveanegativeimpactonthepriceofourClassAordinary TableofContents shares.Moreover,theHFCAAorothereffortstoincreaseU.S.regulatoryaccesstoauditinformationcouldcauseinvestoruncertaintyforaffectedissuers,includingus,andthemarketpriceofourClassAordinarysharescouldbeadverselyaffected.Furthermore,suchaprohibitionwouldsignificantlyaffectourabilitytoraisecapitalontermsacceptabletous,oratall,whichwouldhaveamaterialadverseimpactonourbusiness,resultsofoperationsandfinancialcondition.Fordetails,see“RiskFactors—RisksRelatedtoConductingBusinessinChina—OurClassAordinaryshareswillbedelistedandprohibitedfromtradingintheover-the-countermarketundertheHoldingForeignCompaniesAccountableAct,ifthePCAOBisunabletoinspectorinvestigatecompletelyauditorslocatedinChinafortwoconsecutiveyears.ThedelistingofourClassAordinaryshares,orthethreatoftheirbeingdelisted,maymateriallyandadverselyaffectthevalueofyourinvestment.” ThePRCgovernmenthassignificantoversightanddiscretionovertheconductofourbusinessandmayintervenewithorinfluenceouroperationsasthegovernmentdeemsappropriatetofurtherregulatory,politicalandsocietalgoals.ThePRCgovernmenthasrecentlypublishedn