CEA Industries, which completed a $500 million private placement, will be renamed BNB Network Company.

The company plans to purchase BNB as its primary reserve asset and will operate under the name "BNB Network Company." The company's stock ticker will change from VAPE to BNC on August 6th. If all warrants are exercised, the company can raise up to $750 million in additional funding. Galaxy Digital co-founder David Namdar will serve as CEO, and 10X Capital will manage the BNB treasury.