VAPE Stock Price Today: What Happened to CEA Industries (Now Nasdaq: BNC)?
VAPE Stock Price Today
If you are searching for the VAPE stock price, you are probably looking for CEA Industries Inc. Here is the short answer before we get into the details: VAPE is no longer the active ticker. CEA Industries changed its Nasdaq symbol to BNC in August 2025, right after it transformed from a small vape and cannabis technology company into a publicly traded BNB treasury business. The stock still exists, the company still exists, and you can still buy shares. You just need to search for BNC instead of VAPE from now on.
This guide walks you through exactly what changed, where the stock trades today, how the price has moved since the pivot, and what to watch if you are considering an investment.
What Is VAPE Stock Called Now?
CEA Industries Inc. traded under the ticker VAPE on the Nasdaq Capital Market until August 6, 2025. On that date, the company switched to the symbol BNC, reflecting its new focus on BNB, the cryptocurrency that powers the BNB Chain ecosystem built by Binance.
The legal entity did not change. Shareholders who owned VAPE shares automatically held BNC shares after the switch. No action was required from investors, and no reverse split or share cancellation happened as part of the rename.
If your brokerage app still shows “VAPE” in an old watchlist or a bookmarked link, that listing is stale. Update it to BNC to see live pricing, volume, and news.
Why Did CEA Industries Change Its Ticker From VAPE to BNC?
The ticker change followed a much bigger strategic transformation. Until mid 2025, CEA Industries operated two small businesses: an engineering unit that designs climate control systems for cannabis growers, and Fat Panda, a Canadian retail vape and e-cigarette chain. Neither business was large enough to move the stock much on its own.
That changed on July 28, 2025, when CEA Industries announced it would pivot into a BNB treasury company. The plan was straightforward on paper. Raise a large amount of capital, use it to buy and hold BNB as the company’s primary treasury reserve asset, and give public market investors a regulated, US-listed way to gain exposure to the BNB Chain ecosystem without buying crypto directly.
Shares reacted immediately. CEA Industries stock surged more than 600 percent in the days following the announcement as traders piled into the story. The company closed the underlying deal on August 5, 2025, and switched its ticker to BNC the very next day to match its new identity.
The 500 Million Dollar PIPE Deal and Key Investors
CEA Industries funded its BNB treasury strategy through a private investment in public equity, commonly called a PIPE deal. Here is what the raise actually looked like.
The company closed a private placement worth approximately 500 million dollars in cash and digital assets on August 5, 2025. On top of that, the deal included warrants that could bring in up to an additional 750 million dollars if fully exercised, putting the total potential capital raised near 1.25 billion dollars.
YZi Labs, the family office connected to Binance founder Changpeng Zhao, led the round. More than 140 other investors participated, including well known crypto focused firms such as Pantera Capital, GSR, and Blockchain.com.
To run the new strategy, CEA Industries brought in David Namdar as CEO. Namdar co-founded Galaxy Digital, a well established digital asset investment firm, which gave him direct experience managing large institutional crypto positions before joining CEA Industries.
Operationally, the treasury sits inside a subsidiary structure. CEA BRS LLC, a Delaware entity, is the sole owner of BNC BNB Cayman, a Cayman Islands company that holds and manages the BNB itself. The company has described itself as managing one of the largest corporate treasuries of BNB in the world, and its strategy includes staking and lending portions of its BNB holdings to generate yield on top of price appreciation, rather than simply holding the coins in cold storage.
CEA Industries (BNC) Stock Price Today
BNC trades on the Nasdaq Capital Market. As of mid September 2026, shares have been changing hands in the mid four dollar to five dollar range, with the stock closing at 4.99 dollars on September 10 before slipping into the mid four dollar range over the following week.
That is a long way down from where the stock traded immediately after the BNB pivot was announced. Monthly closing prices tell the story clearly.
| Month | Approximate closing price |
|---|---|
| July 2025 (pre pivot high) | $27.02 |
| August 2025 | $21.02 |
| December 2025 | $6.42 |
| June 2026 | $2.72 |
| September 2026 (recent) | ~$4.80 |
The stock’s 52 week range has been extremely wide, with mainstream data providers showing a high near 20 to 21 dollars in the weeks after the announcement and a low near 1.84 dollars during a sharp pullback in 2026. Some data feeds show even larger intraday spikes on the announcement day itself, which reflects how thin and volatile trading became in a stock that had previously traded as a near penny stock.
Because CEA Industries is a small, high volatility company, its share price can move sharply in either direction on relatively low volume. Always check a live quote source such as your brokerage, Nasdaq.com, or a financial data terminal before making any decision, since the numbers above will already be somewhat dated by the time you read this. Source: Stock Titan
CEA Industries Earnings, Revenue, and Valuation Metrics
Short answer: CEA Industries generated roughly 26 million dollars in revenue for its most recently completed fiscal year, but its earnings figures are heavily distorted by non-cash accounting related to its warrants, so traditional valuation ratios should be read with caution.
Here is a snapshot of recent fundamentals, compiled from multiple financial data providers as of September 2026.
| Metric | Approximate figure |
|---|---|
| Market capitalization | $190M to $200M |
| Shares outstanding | ~41M to 43M |
| Revenue (TTM) | ~$23M to $26M |
| Gross margin | ~27% to 30% |
| EBITDA (TTM) | Negative, roughly -$35M |
| Enterprise value | ~$180M |
| Price to sales ratio | Near 0 (very low) |
| Price to book ratio | ~0.6x |
| Total cash | ~$3M |
| Total debt | ~$1.8M |
A word of caution on the forward P/E ratio and EPS figures you might see quoted elsewhere. Different data providers show very different trailing earnings per share for CEA Industries, some deeply negative and some positive, because the company’s reported net income swings heavily based on the fair value changes in its outstanding warrants each quarter. That is an accounting effect, not necessarily a reflection of the underlying operating business. If you are doing serious valuation work, look at revenue growth, the size and quality of the BNB treasury, and operating cash flow rather than relying on the headline EPS or forward P/E alone.
Is CEA Industries (BNC) Stock a Good Investment? Outlook and Risks
There is no single right answer here, but a few factors matter more than others for anyone weighing an investment.
The bull case rests on CEA Industries functioning as one of the largest publicly traded BNB treasury vehicles, giving US investors regulated exposure to the BNB Chain ecosystem, backed by a well capitalized PIPE deal and a CEO with direct digital asset markets experience.
The bear case is just as real. The stock has fallen more than 60 percent over the trailing year as of September 2026, crypto treasury companies broadly have fallen out of favor with investors compared to 2025, and CEA Industries has dealt with real governance turbulence in 2026, including a lawsuit against its outside asset manager, 10X Capital, over the terms of its asset management agreement, along with board resignations and a leadership shakeup that brought new directors with digital asset industry backgrounds onto the board.
Before investing, consider:
- The stock’s price now largely tracks the value of its BNB holdings and the price of BNB itself, not the legacy vape and cultivation businesses
- Micro cap, thinly traded stocks like BNC can swing 10 percent or more in a single session
- Governance disputes, like the 10X Capital lawsuit, can affect both sentiment and how the treasury is actually managed
- This is not investment advice, and you should do your own research or consult a licensed financial advisor before buying or selling any stock
How to Buy or Trade CEA Industries (BNC) Stock
You can buy BNC shares through any standard US brokerage account that offers access to Nasdaq listed stocks. Search for the ticker BNC, not VAPE, since the old symbol will no longer return live pricing on most platforms.
Basic steps:
- Open or log into a brokerage account that supports Nasdaq trading
- Search “BNC” or “CEA Industries” in the platform’s stock search
- Review the current price, day range, and volume before placing an order
- Decide between a market order, which fills immediately at the current price, or a limit order, which only fills at a price you set
- Place your order during regular trading hours for the most reliable pricing, since pre-market and after-hours sessions on a low volume stock can show wider spreads
If you already own a warrant position, note that CEA Industries also has publicly traded warrants under the ticker BNCWW, plus stapled warrants under BNCWZ that began trading in April 2026 with an exercise price of 15.15 dollars, expiring in August 2028.
BNC vs. Other Crypto Treasury and BNB Related Stocks
CEA Industries is not the only publicly traded company built around a single crypto treasury strategy. It sits in a growing category of firms that raise capital specifically to accumulate a digital asset on their balance sheet, similar in concept to how some companies built strategies around holding Bitcoin. What sets CEA Industries apart is its specific focus on BNB and the backing of investors deeply tied to the Binance ecosystem, including YZi Labs.
If you are comparing BNC against other digital asset treasury stocks, look at which specific coin each company holds, how much debt or dilution they used to build that treasury, and how transparent their reporting is about actual holdings versus disclosed targets.
Custom FAQ Section
What happened to the old “vape stock” I remember from a 2021 blog post?
If you read an older article referencing VAPE stock in 2021, it was almost certainly describing CEA Industries back when it was a small cannabis technology and vape retail company, long before its 2025 crypto pivot. At that time, shares traded in penny stock territory, well under a dollar on a split adjusted basis, before the company underwent multiple reverse stock splits and later transformed entirely into a BNB treasury business. The company you are researching today is the same legal entity, but the business model, share structure, and price have changed dramatically since then.
Is there current VAPE stock news, and where should I look for it?
Since the ticker itself is retired, search for “CEA Industries BNC news” or “Nasdaq BNC news” instead. Recent headlines through 2026 have centered on the company’s BNB treasury performance, a governance dispute and lawsuit involving its outside asset manager 10X Capital, board and leadership changes, and the listing of its stapled warrants.
Is Vape Holdings Inc the same company as CEA Industries?
No, and this is a common source of confusion. Vape Holdings, Inc. is a separate, much smaller company that also trades under a VAPE-style ticker on the OTC markets. It was formerly known as PeopleString Corporation and is unrelated to CEA Industries beyond the coincidental name and ticker similarity. Make sure you are looking at the correct company before checking any price data.
What are some other vape stocks besides CEA Industries?
Since CEA Industries has exited the vaping sector as its primary focus, investors specifically interested in vape and e-cigarette industry exposure typically look at larger tobacco companies with vaping brands in their portfolios, or smaller specialty vape and cannabis retail operators. Because this is a narrow and often thinly traded corner of the market, research each company’s actual revenue mix carefully rather than assuming a ticker or company name still reflects its current business.
What is generally considered when evaluating the best vape stocks to watch?
Investors typically weigh revenue growth in the vape and e-cigarette category specifically, regulatory exposure given how heavily this industry is regulated in the US, Canada, and UK, and whether the company’s vape business is a core focus or a minor side segment, as is now the case with CEA Industries.
VAPE Pre Market and Trading FAQs
What is VAPE’s pre-market stock price today?
There is no active pre-market price for a ticker called VAPE, since the symbol was retired in August 2025. For live pre-market pricing on this company, look up BNC instead through your brokerage or a site like Nasdaq.com.
Is VAPE stock up or down in pre-market?
Again, check BNC rather than VAPE. Most major brokerages and financial data sites display pre-market movement directly on the stock’s quote page once you search the correct symbol.
What is VAPE’s pre-market high and low?
Historical pre-market data under the old VAPE symbol stopped updating after August 6, 2025. Pre-market highs and lows for the company going forward are tracked under BNC.
What time does VAPE pre-market trading start?
Pre-market trading for BNC follows standard Nasdaq hours, typically beginning around 4:00 a.m. Eastern Time and running until the regular session opens at 9:30 a.m. Eastern, though liquidity is usually thin before 8:00 a.m.
Where can I trade VAPE before the market opens?
Most major US brokerages that support extended hours trading, such as those offering pre-market and after-hours sessions, will let you place orders on BNC before the 9:30 a.m. Eastern open, subject to each broker’s own extended hours rules and order types.
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