The listed company Applied DNA Sciences plans to raise up to $58 million through a private placement to initiate its BNB financial strategy

2025-09-30 11:02:54

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ChainCatcher news, according to businesswire, biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced that it has received a commitment for a private investment in public equity (PIPE) led by institutional investors, with a maximum amount of up to $58 million, to initiate a BNB-based digital asset financial strategy.

The company has secured a total of $27 million in funding commitments through PIPE, which includes cash, stablecoins, and OBNB trust units. In the future, by exercising warrants, the company also expects to receive up to $31 million in additional investment, bringing the total fundraising amount to a maximum of $58 million.

The PIPE transaction is expected to be completed around October 1, 2025. To support its BNB reserve strategy, the company has signed a five-year Strategic Digital Asset Services Agreement with Cypress LLC, which will provide full asset management services.

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