CEA Industries, 10X Capital to establish BNB treasury

CEA Industries (VAPE) and 10X Capital, with support from YZi Labs, 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 token with over $100 Billion in market capitalization-into U.S. public markets at institutional scale through a dedicated treasury vehicle. Following the closing, the Company intends to begin deploying funds to acquire BNB, creating a gateway for institutional and retail investors to participate in the BNB Chain ecosystem, which powers millions of users and decentralized applications worldwide. Following closing, the Company expects to: Build an initial BNB position with plans to significantly scale holdings over the next 12-24 months via a best-in-class capital markets program incorporating ATM sales and other proven strategies. Evaluate staking, lending and other opportunities throughout the Binance ecosystem to generate revenue from the BNB Treasury, while maintaining a conservative risk profile. Offering consists of a common equity PIPE delivering $500M in gross proceeds plus up to $750M in cash which may be received from exercised warrants to be issued in the private placement.