PANews reported on September 30 that according to Businesswire, biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced that it has received a private equity investment in publicly traded (PIPE) subscription commitment of up to US$58 million led by institutional investors to launch a BNB-based digital asset financial strategy.

The company has secured commitments totaling $27 million through the PIPE, comprised of cash, stablecoins, and OBNB trust units. Future warrants are available to raise up to $31 million in additional investment proceeds, bringing the total raised to a maximum of $58 million. The PIPE transaction is expected to close on or around October 1, 2025. To support its BNB reserve strategy, the company has signed a five-year Strategic Digital Asset Services Agreement with Cypress LLC, which provides discretionary asset management services.