<YZiLabs> Investment Details are as follows:
This issuance includes a private placement of common stock, with total proceeds of $500 million ($400 million in cash and $100 million in cryptocurrency), plus up to $750 million in cash that may come from Warrants issued and exercised in the private placement (assuming all Warrants are exercised). CEA Industries Inc. (NASDAQ: VAPE) proceeds will be used to establish the world's largest BNB chain digital asset strategy. $BNB is the fourth-largest cryptocurrency globally, with a market capitalization exceeding $100 billion, providing opportunities to generate income and rewards in the BNB chain and Binance ecosystem. The Binance ecosystem is the world's top digital asset infrastructure, with 280 million users across over 180 countries. The BNB Treasury strategy will be led by incoming CEO David Namdar (co-founder of Galaxy Digital and senior partner at 10X Capital), incoming Chief Investment Officer Russell Read (former CalPERS Chief Investment Officer and 10X Capital CIO), and Saad Naja (former Kraken board member and executive board member of global retail brokerage Exinity). 10X Capital, which also serves as Nakamoto's financial advisor, will act as the asset manager for the BNB Treasury strategy, supported by YZiLabs. Over 140 subscribed users participated in this issuance, including institutional and crypto-native investors such as YZi Labs, Pantera Capital, Arche Capital, GSR, Borderless, Arrington Capital, Blockchain.com, Hypersphere Capital, Kenetic, dao5, Protocol Ventures, Reciprocal Ventures, G-20 Group, Three Point Capital, Propel Horizon, Exinity, Winone, Nano Labs, and many other notable investors, including Olaf Carlson Wee, Rajeev Misra's family office, and BitFury's founders. The transaction is expected to be completed around July 31, 2025.
