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CEA Industries announces a private placement of $500 million for the acquisition of BNB
According to BlockBeats, CEA Industries, known by its stock code VAPE, announced the completion of a private placement amounting to $500 million. The company plans to update its stock code to BNC. The funds raised will be used to purchase BNB, which will allow it to become a primary reserve asset for the treasury while continuing to develop its core business operations. Following this announcement, VAPE experienced a price increase of nearly 7%, and its market capitalization rose to $15.67 million.