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VAPE rises nearly 7% after completing a $500 million private placement, plans to purchase tokens from a certain trading platform.
On August 5th, according to data from the market data platform, "a certain trading platform's micro-strategy" VAPE rose nearly 7%, with a market capitalization increasing to 15.67 million USD.
Today, CEA Industries (VAPE) announced the completion of a $500 million targeted issuance, and the stock code will be updated to BNC. The company plans to use the net proceeds from this fundraising to purchase tokens from a certain trading platform, making them the company's primary treasury reserve asset, while continuing to advance its core business.