The leading BNB treasury company, CEA Industries, has filed a $500 million PIPE registration statement, causing a 14.45% pre-market drop in the stock price.

BlockBeats News, September 22nd, according to official sources, CEA Industries Inc. (Nasdaq: BNC) announced that it filed a registration statement related to the previously disclosed $500 million PIPE transaction on September 19, 2025 (last Friday).

According to market data, the BNC stock in the U.S. fell 14.45% in pre-market trading, trading at $8.31.

BlockBeats Note: CEA Industries completed a $500 million private placement led by YZi Labs on August 5, 2025, to support its BNB-centric treasury strategy. After this S-3 registration, these shares are eligible to flow into the public market, but this does not mean that the shares will enter the market immediately or all at once. The actual influx depends on investor selling decisions, market conditions, possible lock-up periods, and other factors.