Nasdaq Firm Swaps Its ‘VAPE’ Ticker for ‘BNC’ in a $500M BNB Treasury Rebrand
Main Idea
CEA Industries Inc., a Nasdaq-listed company, is rebranding to 'BNB Network Company' and changing its ticker to 'BNC' after raising $500M for a BNB treasury, with plans to further integrate into the BNB Chain ecosystem.
Key Points
1. CEA Industries Inc. has completed a $500M private placement led by YZi Labs to adopt BNB as its primary treasury reserve.
2. The company will rebrand as 'BNB Network Company' and change its stock ticker from 'VAPE' to 'BNC' on August 6, 2025.
3. The funding round attracted over 140 investors, including prominent crypto firms like Pantera Capital and Blockchain.com.
4. New leadership includes David Namdar (former Galaxy Digital co-founder) as CEO and Russell Read (former CalPERS executive) as Chief Investment Officer.
5. The deal could total $1.25 billion if all warrants are exercised, with financial and legal advisory from Cohen & Company and Clear Street.
Description
NYSE-listed CEA Industries with ‘VAPE’ ticker is rebranding after raising $500M for a BNB treasury The move highlights how the corporate crypto treasury model is being used for major rebrands The new leadership team includes high-profile executives from Galaxy Digital and CalPERS CEA Industries Inc., a publicly traded company on Nasdaq, has announced a sweeping corporate transformation after securing a $500 million private placement led by YZi Labs. The funding kicks off a major strategic pivot ...
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