CEA Industries Announces $500 Million Private Placement to Acquire BNB

According to BlockBeats, CEA Industries, known by its stock code VAPE, has announced the completion of a $500 million private placement. The company plans to update its stock code to BNC. The funds raised will be used to purchase BNB, positioning it as the primary treasury reserve asset while continuing to advance its core business operations. Following this announcement, VAPE saw a nearly 7% increase in value, with its market capitalization rising to $15.67 million.