PANews reported on September 30 that according to Businesswire, biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced that it has received a private equity investment in publicly traded (PIPE) subscription commitment of up to US$58 million led by institutional investors to launch a BNB-based digital asset financial strategy. The company has secured commitments totaling $27 million through the PIPE, comprised of cash, stablecoins, and OBNB trust units. Future warrants are available to raise up to $31 million in additional investment proceeds, bringing the total raised to a maximum of $58 million. The PIPE transaction is expected to close on or around October 1, 2025. To support its BNB reserve strategy, the company has signed a five-year Strategic Digital Asset Services Agreement with Cypress LLC, which provides discretionary asset management services.PANews reported on September 30 that according to Businesswire, biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced that it has received a private equity investment in publicly traded (PIPE) subscription commitment of up to US$58 million led by institutional investors to launch a BNB-based digital asset financial strategy. The company has secured commitments totaling $27 million through the PIPE, comprised of cash, stablecoins, and OBNB trust units. Future warrants are available to raise up to $31 million in additional investment proceeds, bringing the total raised to a maximum of $58 million. The PIPE transaction is expected to close on or around October 1, 2025. To support its BNB reserve strategy, the company has signed a five-year Strategic Digital Asset Services Agreement with Cypress LLC, which provides discretionary asset management services.
Applied DNA Sciences plans to raise up to $58 million in a private placement to launch its BNB financial strategy.
2025/09/30 11:02
PANews reported on September 30 that according to Businesswire, biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced that it has received a private equity investment in publicly traded (PIPE) subscription commitment of up to US$58 million led by institutional investors to launch a BNB-based digital asset financial strategy.
The company has secured commitments totaling $27 million through the PIPE, comprised of cash, stablecoins, and OBNB trust units. Future warrants are available to raise up to $31 million in additional investment proceeds, bringing the total raised to a maximum of $58 million. The PIPE transaction is expected to close on or around October 1, 2025. To support its BNB reserve strategy, the company has signed a five-year Strategic Digital Asset Services Agreement with Cypress LLC, which provides discretionary asset management services.
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