Applied DNA Sciences announces up to $58 million private equity investment financing and launches BNB treasury strategy

Foresight News reported that Nasdaq-listed biotechnology company Applied DNA Sciences announced a private investment in public equity (PIPE) financing of up to $58 million, led by Galaxy, Off The Chain, Silvermine, and Gaia Digital Assets, and has launched a BNB treasury-based strategy. The company has already secured commitments totaling $27 million through the PIPE financing, including cash, stablecoins, and OBNB trust units. The exercise of future warrants could bring an additional $31 million in proceeds, bringing the total financing amount to a maximum of $58 million. The financing is expected to be completed by October 1.