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Financing/Fundraising

News linked to both this project and an event.

BNB Plus Faces Nasdaq Delisting Risk, Initiates Strategic Plan Evaluation to Maximize Shareholder Value

Odaily News BNB treasury company BNB Plus disclosed that it has received a notice from Nasdaq. Due to its stock price falling below the minimum requirement of $1, it no longer meets the continued listing standards. Furthermore, because the company implemented a reverse stock split within the past year, it is not eligible for the standard compliance period. The company stated it has requested a hearing, and its stock will continue to trade on Nasdaq until the outcome is determined.Additionally, BNB Plus announced that its board of directors has approved the initiation of an evaluation of strategic alternatives to maximize shareholder value. Potential options include transactions such as mergers, reverse mergers, asset sales, joint ventures, financing, etc. As of now, the value of its crypto treasury assets is approximately $12.2 million. (Businesswire)

Anthropic Completes Employee Equity Sale, Valuation Maintained at $35 Billion

According to Bloomberg, Anthropic recently completed a secondary stock sale, in which some employees sold small stakes to investors. Due to limited employee willingness to sell, several investors failed to acquire their targeted number of shares. The offer price aligns with the valuation from the company’s most recent funding round in February this year; Anthropic’s current valuation stands at $350 billion (excluding the $30 billion raised in this round).