🔴 First, let’s explain the background.
Yesterday, one of BNB's stocks, Winttree Company (stock code WINT), was requested to delist by Nasdaq due to its stock price remaining below $1 for too long, failing to meet the minimum closing price maintenance standard.
$WINT's stock price dropped by 78% yesterday, causing retail investors holding this stock to suffer significant losses.
✅ Winttree was originally a biopharmaceutical company that officially announced the establishment of the BNB treasury on July 17, transforming into the 'Microstrategy' company for BNB.
The operating model involves a company called Build & Build Corp investing $60 million into Winttree to purchase BNB and become a treasury for BNB, and before the transaction is completed, it can choose to increase the investment to a total of up to $200 million, all of which will be used to purchase BNB in the future. Correspondingly, the publicly listed Winttree Company will also issue new shares to sell to this investor, with a maximum possible issuance of 260 million shares (200 million conversion shares + 66 million warrant shares);