The nicotine e-cigarette company VAPE is set to transform into the world's largest publicly listed BNB treasury firm, backed by a $500 million financing deal.
On July 28, VAPE, previously valued at under $10 million, saw its stock price surge over 1800% after being chosen as the recipient of the BNB treasury. The company announced a $500 million PIPE financing round to create the largest publicly listed BNB treasury firm, with a potential total of $1.25 billion. This financing, led by 10X Capital and YZi Labs, aims to integrate BNB into the capital structure of listed companies, transforming VAPE from a hardware supplier into a financial platform focused on BNB.