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Applied DNA Sciences, Inc. (NASDAQ: APDN) announced that it has secured subscription commitments for a private equity investment public transaction (PIPE) led by institutional investors, with a total amount of up to $58 million. The funds will be used to implement a BNB-based digital asset financial strategy. Currently, the company has received subscription commitments totaling $27 million, with funding forms including cash, stablecoins, and OBNB trust units. Additionally, through the exercise of warrants, the company expects to raise up to an additional $31 million, bringing the total financing amount to $58 million. The PIPE transaction is expected to be completed around October 1, 2025. To support its BNB reserve strategy, Applied DNA Sciences has signed a five-year "Strategic Digital Asset Services Agreement" with Cypress LLC, under which the latter will provide full asset management services.