VAPE News & Events

Nano Labs (NA) announced that it has entered into a strategic equity investment agreement with CEA Industries (VAPE), a company focused on building BNB reserves. Under the terms of the agreement, Nano Labs subscribed for 495,050 shares of Class A common stock of CEA Industries at a price of $10.10 per share. The investment also includes 495,050 warrants with an exercise price of $15.15 per share. If fully exercised, Nano Labs could hold up to 990,100 shares of the company. This investment constitutes part of CEA INDUSTRIES INC.'s ongoing US$500 million Private Investment in Public Equity financing plan. Proceeds from this tranche are primarily designated for the acquisition of BNB, with the remainder allocated toward working capital, transaction fees, and general corporate purposes. As of the date of this announcement, Nano Labs holds approximately 128,000 BNB in total.

CEA Industries and 10X Capital, with support from YZi Labs, announced the pricing of an oversubscribed and upsized above-the-market PIPE financing, positioning the Company to become the largest publicly traded BNB Treasury Company in the United States. This milestone marks a significant evolution from 10X Capital & YZi Labs' initial announcement in early July, officially bringing $BNB-a top-four digital asset token with over $100 Billion in market capitalization-into U.S. public markets at institutional scale through a dedicated treasury vehicle. Following the closing, the Company intends to begin deploying funds to acquire BNB, creating a gateway for institutional and retail investors to participate in the BNB Chain ecosystem, which powers millions of users and decentralized applications worldwide. Following closing, the Company expects to: Build an initial BNB position with plans to significantly scale holdings over the next 12-24 months via a best-in-class capital markets program incorporating ATM sales and other proven strategies. Evaluate staking, lending and other opportunities throughout the Binance ecosystem to generate revenue from the BNB Treasury, while maintaining a conservative risk profile. Offering consists of a common equity PIPE delivering $500M in gross proceeds plus up to $750M in cash which may be received from exercised warrants to be issued in the private placement.

CEA Industries issued a statement applauding the U.S. Food and Drug Administration's (FDA) decision to authorize JUUL e-cigarette products for sale in the United States. The announcement follows the FDA's reversal of its 2022 federal ban, marking a significant milestone in the evolution of the U.S. nicotine market and underscoring the agency's recognition of e-cigarettes as a less-harmful alternative for adult cigarette smokers. "We applaud the FDA's decision to authorize JUUL products for U.S. sale," said Tony McDonald, CEO. "This milestone represents a critical step toward establishing a regulated and transparent U.S. marketplace for nicotine vape products. We view the FDA's action as a sign of growing recognition of science-backed alternatives for smokers, and we are optimistic that it will create opportunities for CEA Industries to participate in the U.S. nicotine vape market over the long-term."