CEA Industries completes a $500 million private sale, led by YZi Labs.

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According to Deep Tides TechFlow news, on August 5, CEA Industries (NASDAQ: VAPE) announced today the completion of a $500 million private sale and will be renamed "BNB Network Company". The stock code will change to "BNC" on August 6. The company plans to use the funds raised to purchase BNB as its main reserve asset.

This private sale is led by YZi Labs and has attracted the participation of over 140 institutions, including Pantera Capital and Blockchain.com. At the same time, the company appointed former Galaxy Digital co-founder David Namdar as Chief Executive Officer and former Chief Information Officer of the California Public Employees' Retirement System (CalPERS) Russell Read as Chief Information Officer.

BNB1.68%
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