08:55 AM EDT, 07/28/2025 (MT Newswires) -- CEA Industries ( VAPE ) shares were up sharply premarket Monday after the company said it priced an oversubscribed and upsized $500 million private investment in public equity to create the largest, publicly-traded $BNB treasury company.

The company said the offering provides proceeds of $400 million in cash and $100 million in cryptocurrency, plus up to $750 million in potential warrant proceeds.

CEA Industries ( VAPE ) said it plans to begin acquiring $BNB, a top-four crypto asset with over $100 billion in market cap, after the deal closes around Thursday.

It also said it will explore staking, lending, and other DeFi revenue opportunities while maintaining a conservative risk approach.

The treasury strategy will be led by incoming Chief Executive David Namdar, Chief Investment Officer Russell Read, and executive Saad Naja, the company said. CEA Industries ( VAPE ) also said 10X Capital will serve as the asset manager of the treasury strategy with support from YZiLabs.