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Tag: CEA Industries

  • CEA Industries (BNC) Shares Rally In Pre-Market On BNB Treasury Progress

    CEA Industries (BNC) Shares Rally In Pre-Market On BNB Treasury Progress

    CEA Industries Inc. (NASDAQ: BNC) witnessed a sharp surge in pre-market activity after advancing its BNB treasury initiative. As of the latest pre-market check, BNC shares rose 37.82%, trading at $24.49. The rally follows the company’s announcement of a $500,000,000 private placement offering, led by YZi Labs, finalized on August 5, 2025, to fund its BNB-focused treasury plan.

    Major Capital Infusion and Strategic Warrants

    The private placement includes a common equity PIPE generating $500,000,000 in gross proceeds, alongside the potential for an additional $750,000,000 in cash from warrant exercises, assuming full conversion. These funds will provide significant liquidity for the company’s treasury expansion and operational continuity.

    Rebranding and Ticker Transition

    CEA Industries has rebranded on Nasdaq, now trading under the ticker symbol “BNC,” with its publicly traded warrants listed as “BNCWW.” The company stated that the ticker change aligns with its new identity as “BNB Network Company,” reinforcing its commitment to the BNB Chain ecosystem.

    This strategic move positions BNC as a specialized vehicle designed to give institutional investors transparent and secure exposure to one of the most active blockchain networks globally.

    Treasury Management and Leadership Transition

    Proceeds from the offering will be deployed to purchase BNB as the company adopts it as the primary treasury reserve asset. 10X Capital will manage the treasury strategy, supported by YZi Labs.

    Leadership adjustments accompany the strategic shift: David Namdar, Co-Founder of Galaxy Digital and Senior Partner at 10X Capital, has been appointed CEO; Russell Read, CIO of 10X Capital and former CIO of CalPERS and Deputy CIO at Deutsche Bank Asset Management, will serve as CIO. Outgoing CEO Tony McDonald transitions to President while retaining his board position.

    Additionally, Hans Thomas, Founding Partner and CEO of 10X Capital, and Alexander Monje, Partner and CLO of 10X Capital, will join the board of directors. This milestone underscores CEA Industries’ commitment to integrating blockchain-based assets into its financial strategy, marking a significant evolution in its corporate direction.

  • Market Confidence Grows As CEA Industries (VAPE) Strengthens BNB Exposure

    Market Confidence Grows As CEA Industries (VAPE) Strengthens BNB Exposure

    CEA Industries Inc. (NASDAQ: VAPE) experienced an extraordinary rally on Monday, with shares skyrocketing 587.94% to $61.06 following the announcement of a landmark equity development.

    VAPE confirmed the pricing of an oversubscribed and upsized above‑the‑market PIPE financing in partnership with 10X Capital and YZi Labs. This move positions CEA Industries to become the largest publicly traded BNB Treasury Company in the United States.

    Expanding Institutional Access to BNB

    The PIPE marks a significant step in institutionalizing access to $BNB—one of the world’s top four digital asset tokens with a market capitalization exceeding $100 billion. CEA Industries will begin deploying the raised capital to acquire BNB, providing both institutional and retail investors an entry point into the BNB Chain ecosystem.

    This blockchain platform supports millions of global users and decentralized applications, making it one of the most actively utilized Layer‑1 networks.

    Leadership Strengthened by Industry Veterans

    Upon closing, CEA’s executive team will integrate seasoned leaders including incoming CEO David Namdar, Co‑Founder of Galaxy Digital; CIO Russell Read, former CIO of CalPERS and Deutsche Bank Asset Management; and Saad Naja, former director at Kraken. Their combined expertise is expected to guide the treasury’s growth strategy and enhance institutional credibility.

    Strong Investor Participation Signals Market Confidence

    The financing attracted more than 140 subscribers, led by major institutional and crypto‑native investors such as YZi Labs, Pantera Capital, Arche Capital, Blockchain.com, and Arrington Capital. Notable individual investors include Olaf Carlson Wee and Rajeev Misra’s family office.

    CEA intends to grow its initial BNB position significantly over the next 12–24 months through a structured capital markets program, while exploring staking and lending opportunities within the Binance ecosystem under a prudent risk framework. With its Nasdaq‑listed vehicle, CEA Industries is bridging the gap between digital assets and mainstream capital markets.

    Unlike Bitcoin‑centric treasury firms, this initiative offers direct exposure to the BNB Chain—a rapidly growing network with robust DeFi, NFT, and Web3 activity. The PIPE is expected to close by July 31, 2025, after which the updated treasury strategy will take effect.