Windtree enters into common stock purchase agreement for up to $500M

Windtree Therapeutics (WINT) announced it has entered into a Common Stock Purchase Agreement for up to $500M to establish an equity line of credit, ELOC, and bolster its BNB cryptocurrency treasury strategy. The company also entered into an additional $20 million stock purchase agreement with Build and Build Corp. Ninety-nine percent of the proceeds from the ELOC and Build and Build Corp will be allocated to acquiring BNB cryptocurrency. “We are excited to incorporate these new facilities to enable our future BNB acquisitions as part of our BNB treasury strategy,” stated Jed Latkin, CEO of Windtree. “Pending stockholder approval, the opportunity to secure additional funds for purchasing more BNB cryptocurrency is essential to our strategy.”