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Listed Company Applied DNA Sciences Discloses Initial BNB Holdings Worth Over $17 Million
Summary: Biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced the completion of a previously announced private placement investment (PIPE) led by institutional DeFi and TradFi investors, with its initial BNB holdings worth over $17 million. The PIPE brought in approximately $27 million in total proceeds, with the potential for an additional $31 million in total ...
Biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced the completion of a previously announced private placement investment (PIPE) led by institutional DeFi and TradFi investors, with its initial BNB holdings worth over $17 million. The PIPE brought in approximately $27 million in total proceeds, with the potential for an additional $31 million in total proceeds through the exercise of warrants. The total proceeds from the PIPE transaction include $15.3 million in cash and stablecoins, as well as $11.71 million worth of OBNB trust units. The company received a total of 435,638 trust units, representing underlying ownership of 10,647 BNB tokens. The company also announced today that it has additionally purchased 4,908 BNB tokens, estimated to be worth $5.3 million as of 10:00 PM Eastern Time on October 20, 2025.
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Link: Listed Company Applied DNA Sciences Discloses Initial BNB Holdings Worth Over $17 Million [Copy]
