CEA Industries Stock Soars 583% After Revealing Plans For a Massive Crypto Treasury
CEA Industries stock rocketed 583% on Monday after the company announced a $500 million private investment in public equity (PIPE). The PIPE includes gross proceeds of $400 million in cash and $100 million in crypto. It also includes up to $750 million from the potential exercise of warrants. The company will use these funds to create a BNB Chain treasury.
There are other factors worth keeping in mind today when considering the huge VAPE stock rally. That includes increased trading activity after the company recently switched to the VAPE ticker. This change also signified the company’s new direction, focused on the vaping industry.
Another recent highlight for VAPE stock was the Food and Drug Administration’s (FDA) authorization for Juul marketing last week. This was a major victory for the vaping industry, which has struggled in recent years as regulators have been slow to rule on e-cigarettes.
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