Breaking: Nasdaq-Listed CEA Industries To Raise Up To $1.25B For BNB Treasury

Nasdaq-listed CEA Industries has raised $500 million to float the largest corporate BNB Treasury. The capital raise can reach highs of $1.25 billion with a broad array of investors indicating interest in the PIPE.

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CEA Industries To Launch BNB Treasury

According to a press release, CEA Industries is the latest firm to announce plans to transition to a crypto treasury company, angling to bolster its balance sheet with BNB. Per the announcement, the Nasdaq-listed company confirmed a private investment in public equity (PIPE), which saw CEA Industries trade in a portion of its shares.

The common equity PIPE raised $500 million in gross proceeds for CEA Industries. Out of the sum, $400 million came in as cash while $100 million was in digital assets. Furthermore, CEA Industries can receive an additional $750 million in cash from exercised warrants, potentially bringing the total raise to $1.25 billion.

The company disclosed that the raise will be used to accumulate BNB on its balance sheet. BNB hit a new ATH of $859 in a meteoric rally driven by rising institutional interest.

“BNB Chain is one of the most widely used blockchain ecosystems globally, yet institutional access has been limited until now,” said incoming CEO David Namdar. “By creating a US-listed treasury vehicle, we are opening the door for traditional investors to participate in a transparent way.”

This is a developing story.

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