Publicly Listed Windtree Raises $60 Million Through Securities Subscription, Plans to Launch BNB Treasury Strategy

According to ChainCatcher, as reported by BusinessInsider, US-listed company Windtree (WINT) has announced that it has signed a securities purchase agreement worth $60 million with Build and Build Corp, with the potential to raise up to an additional $140 million in future subscriptions, bringing the total subscription amount to as much as $200 million.

The funds raised will primarily be used to launch the BNB treasury strategy and acquire BNB. Upon receiving shareholder approval and meeting other closing conditions, Windtree will become the first Nasdaq-listed company to offer direct investment exposure to BNB tokens.