Windtree raises up to $200M for BNB crypto treasury strategy, shifting from biotech

WINDTREE THERAPEUTICS INC /DE/

Entered $60M securities purchase agreement (upsizable to $200M) led by Build and Build Corp for Series E Preferred Stock and Warrants.
Proceeds to acquire BNB token for treasury; co aims to be first NASDAQ-listed direct exposure to Binance ecosystem.
Series E convertible at $0.30/share; warrant exercise price $0.75; closing depends on stockholder approval within 120 days.
Lead investor may nominate two board members, including chairman, if minimum ownership or management agreements persist.
Co also to enter Strategic Advisor and Asset Management agreements with affiliates to manage digital assets and treasury.

item 1.01item 3.02item 3.03item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.