According to Foresight News, U.S.-listed company Windtree has entered into a common stock purchase agreement valued at up to $500 million. This move aims to establish an equity credit line and enhance its BNB reserve strategy. Additionally, Windtree has signed a separate $20 million stock purchase agreement with Build and Build.
The company plans to allocate 99% of the proceeds from these agreements towards acquiring BNB. However, the equity credit line cannot be utilized until the company secures shareholder approval to increase its authorized common stock capital.
