Windtree secures up to $520M for BNB crypto treasury; 99% of proceeds to buy BNB

WINDTREE THERAPEUTICS INC /DE/

Entered Common Stock Purchase Agreement for up to $500M equity line; additional $20M agreement with Build and Build Corp.
99% of proceeds from both issuances allocated to acquiring BNB cryptocurrency.
ELOC requires stockholder approval to increase authorized shares before company can draw.
Issued $10M convertible promissory note as commitment consideration; 5% interest, matures April 2026.
Company shifts treasury strategy to focus on BNB, citing potential blockchain value creation.

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