Windtree Therapeutics Up To $520 M in New Funding to Amplify BNB Cryptocurrency Treasury

Windtree Therapeutics (NASDAQ:WINT) has secured up to $520 million in new funding to expand its BNB cryptocurrency treasury strategy. The funding consists of a $500 million equity line of credit (ELOC) and a $20 million stock purchase agreement with Build and Build Corp.

The company plans to allocate 99% of the proceeds from both agreements to acquiring BNB cryptocurrency. The ELOC implementation is contingent on stockholder approval to increase authorized shares of common stock. This strategic move represents Windtree's effort to diversify its treasury assets through blockchain-based digital currencies.

https://www.stocktitan.net/news/WINT/windtree-therapeutics-announces-up-to-520-million-in-new-funding-to-3lpslpvsonaa.html