CEA Industries Closes $500 Million Private Placement to Advance Its BNB Treasury Strategy; Common Stock Ticker to Become “BNC”

Proceeds from the private placement enable the Company to acquire and adopt BNB as its primary treasury reserve asset 

Louisville, CO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- (Currently NASDAQ:VAPE, changing to NASDAQ:BNC on Wednesday August 6, 2025) CEA Industries Inc. (“CEA” or the “Company”) today announced the closing of its $500,000,000 private placement offering, led by YZi Labs, as of August 5, 2025, to support the implementation of its BNB-focused treasury strategy. The offering consists of a common equity PIPE delivering $500,000,000 in gross proceeds plus up to an additional $750,000,000 in cash which may be received from exercised warrants to be issued in the private placement (assuming 100% of warrants are exercised).