BNB Plus Corp. secures $4.1M in convertible preferred stock financing, led by Silvermine Capital and other investors, to support strategic review of its digital asset and biotechnology businesses.
Comstock Multichain FundOff The Chain, LPSilvermine Capital
Description
BNB Plus Corp. announced it has secured initial commitments for $4.1M of convertible preferred stock financing, with total proceeds expected to reach $5.0M. Proceeds will strengthen the Company's digital asset treasury and support working capital for a strategic review. Investors include Comstock Multichain Fund managed by Silvermine Capital and other institutional investors
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Company Information
Company
BNB Plus
Location
25 Health Sciences Drive
Stony Brook, New York, United States
About
BNB Plus Corp. (BNBX) is focused on the digital asset sector and biotechnology businesses. The company aims to enhance its digital asset treasury and provide working capital through strategic financing. With a commitment to maximizing shareholder value, BNB Plus leverages its operational foundation and capital resources to pursue comprehensive strategic reviews. The firm operates through its subsidiary, LineaRx, which specializes in therapeutic DNA production services.
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Stony BrookManufacturingBiotechnologyHealth Careresearch