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PANews
PANews|Oct 22, 2025 12:20
[Applied DNA Sciences Initial BNB Holdings Valued at Over $17 Million, PIPE Financing Total Proceeds Reach $27 Million] Biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced the completion of its previously led private investment in public equity (PIPE) financing by DeFi and TradFi investors. This PIPE financing brought the company approximately $27 million in total proceeds, including $15.3 million in cash and stablecoins, as well as $11.71 million worth of OBNB trust units. The company received a total of 435,638 trust units, which represent underlying ownership of 10,647 BNB tokens. Additionally, the company announced the purchase of an additional 4,908 BNB tokens, with an estimated total value of $5.3 million as of 10:00 PM Eastern Time on October 20, 2025. Through the exercise of warrants, the company may potentially gain up to an additional $31 million in proceeds in the future.
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