CEA Industries Inc. - Common Stock (VAPE)

Nano Labs shares rose after it announced a major investment in CEA Industries to expand its Binance Coin reserves.

U.S. markets closed mixed on Monday, with the Dow Jones Industrial Average slipping 0.1% to 44,837.56.

Shares of CEA Industries Inc (NASDAQ:VAPE) are soaring in Monday morning trading following the announcement of a strategic pivot into cryptocurrency. Here’s what investors need to know.

The company stated that the offering comprises a common equity PIPE, which will deliver $500 million in gross proceeds, primarily $400 million in cash and $100 million in cryptocurrency.