The company intends to update its ticker symbol to BNC and use the collected funds to purchase BNB

CEA Industries, known by its ticker symbol VAPE, announced the completion of a private placement worth $500 million. The company intends to update its ticker symbol to BNC and use the collected funds to purchase BNB, making it the main reserve asset of the treasury. This announcement led to a 7% increase in the value of VAPE, with its market capitalization rising to $15.67 million.

Company details:

- Ticker symbol: VAPE

- Market capitalization: $15.47 million

- Current price: $17.77

-$BNB

#bnb #bnb一輩子 #BNBMoon Change: $0.34 (1.95%)

Uses of funds:

- Buying BNB: The collected funds will be used to purchase BNB, making it the main reserve asset of the treasury.

- Business operations development: The company intends to continue developing its core business operations ¹ ².