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CEA Industries and 10X Capital, with the support of YZi Labs, announce $500 Million Private Placement to Establish Largest Publicly-Listed $BNB Treasury Company in the World (NASDAQ:VAPE)
Upsized PIPE offering with potential to deliver up to $1.25 billion of gross proceeds Offering consists of a common equity PIPE delivering $500M in gross
About this update from Cea Industries Inc.
[{"type":"text","content":" Upsized PIPE offering with potential to deliver up to $1.25 billion of gross proceeds Offering consists of a common equity PIPE delivering $500M in gross proceeds ($400M in cash and $100M in Crypto), plus up to $750M in cash which may be received from exercised warrants to be issued in the private placement (assuming 100% of warrants are exercised).The proceeds of the offering by CEA Industries Inc. (Nasdaq:VAPE) will be used to establish the largest publicly listed BNB Chain digital asset treasury strategy in the world.$BNB is the fourth largest cryptocurrency in the world, with $100B+ market cap, and provides the treasury with opportunities to generate income and rewards on the BNB Chain and Binance ecosystem, the world’s #1 digital assets infrastructure by volume, with over 280 million users in over 180 countries.The BNB treasury strategy will be led by incoming CEO David Namdar (Co-founder of Galaxy Digital and Senior Partner at 10X Capital), incoming CIO Russell Read (former CIO of CalPERS and CIO of 10X Capital) and Saad Naja (former director at Kraken and one of the executive board of directors of global retail brokerage firm Exinity). 10X Capital, who also served as financial advisor to Nakamoto, will serve as the asset manager of the BNB treasury strategy, with the support of YZiLabs. Over 140 subscribers, led by institutional and crypto-native investors including YZi Labs, Pantera Capital, Arche Capital, GSR, Borderless, Arrington Capital, Blockchain.com, Hypersphere Capital, Kenetic, dao5, Protocol Ventures, Reciprocal Ventures, G-20 Group, Three Point Capital, Propel Horizon, Exinity, Winone, Nano Labs, and several other prominent investors including Olaf Carlson Wee, Rajeev Misra’s family office and the founders of BitFury, participated in the offering.The transaction is expected to close on or around July 31, 2025. Louisville, CO, July 28, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (Nasdaq:VAPE) (the “Company”) and 10X Capital, with support from YZi Labs, today announced the pricing of an oversubscribed and upsized above-the-market PIPE financing, positioning the Company to become the largest publicly traded BNB Treasury Company in the United States. This milestone marks a significant evolution from 10X Capital & YZi Labs’ initial announcement in early July, officially bringing $BNB—a top-four digital asset toke...