CEA Industries Inc., currently listed on Nasdaq with the stock ticker VAPE, has officially announced the completion of a private placement worth 500 million USD on August 5, 2025, led by YZi Labs. Starting from August 6, 2025, the company's stock trading code will be changed to BNC, and the public listing warrant trading code will also be changed to BNCWW. This code change aims to clearly reflect the company's new direction following the strategy of centralized treasury asset reserves focused on BNB, under the name "BNB Network Company".
This Capital raising was carried out in the form of PIPE (Private Investment in Public Equity) - issuing common stocks to private investors. The transaction not only brings in 500 million USD in total revenue but also opens up the potential to attract up to 750 million USD from the execution of warrants if all warrants are exercised (i.e., reaching a 100% rate).
According to the company's announcement, the entire net proceeds from this issuance will be used to purchase BNB — marking an important strategic transition with BNB becoming the company's primary reserve asset. In parallel, CEA Industries will continue to promote its core business activities as before.
