On July 28, according to reports, CEA Industries (NASDAQ: VAPE) and 10X Capital, with the support of YZi Labs, announced a $500 million private sale to establish the world's largest publicly listed BNB financial company. This financing consists of two parts:
· Common Stock PIPE Financing: Total amount of $500 million (of which $400 million cash + $100 million worth of cryptocurrency)
· Warrant exercise: If fully exercised, it is expected to add $750 million in cash financing.
The official statement indicates that this PIPE has been oversubscribed by more than 140 institutions globally, with major participating institutions including: YZi Labs, Pantera Capital, Arche Capital, GSR, Borderless, A