Due to the news of a $500 million private placement establishing the BNB Treasury, pre-market trading of the VAPE stock surged by 452.11%.

BlockBeats News, July 28th, according to rockflow data, possibly influenced by the news of a $500 million private placement to establish a BNB treasury, the US stock CEA Industries (VAPE) surged 452.11% in pre-market trading to $49.

It is worth noting that the company's stock closed at only $8.88 last Friday, with a market capitalization of only $7.4669 million.

BlockBeats previously reported that CEA Industries and 10X Capital, with the support of YZi Labs, announced a $500 million private placement to establish the world's largest publicly traded BNB financial company.