Windtree Therapeutics reports significant reductions in Series C and D preferred shares and announces BNB crypto treasury strategy developments.
Quiver AI Summary
Windtree Therapeutics, Inc. announced significant reductions in outstanding shares of its Series C and Series D Preferred Stock, with 99% of Series C shares redeemed or converted, leaving only 19 shares outstanding, and a 68.5% reduction in Series D shares, leaving 1,161 shares. This change is part of the company's strategic initiatives, which include a partnership with Build and Build Corp for a $60 million investment in a crypto treasury strategy involving BNB acquisitions. Since the announcement, the price of BNB coin has increased by over 17%. CEO Jed Latkin emphasized that these actions limit future dilution and enhance shareholder value, as investors redeemed approximately $2.3 million in preferred shares. The company is also seeking additional investments to further its crypto treasury strategy, pending stockholder approval.
Potential Positives
- Windtree has successfully redeemed or converted 99% of its outstanding Series C Preferred Stock and reduced its Series D Preferred Stock by 68.5%, minimizing future dilution for common shareholders.
- The company's ongoing commitment to a cryptocurrency treasury strategy is underscored by a $60 million investment agreement with Build and Build Corp and the potential for an additional $140 million in follow-on subscriptions.
- Since the announcement of its crypto treasury strategy, the price of BNB coin has appreciated over 17%, indicating strong market demand and potential value for the company’s investments.
Potential Negatives
- Significant reduction in outstanding Series C and D shares may indicate decreased investor confidence, as a large majority of preferred shares were redeemed or converted.
- The need for stockholder approval for the substantial $60 million investment and potential future commitments raises uncertainty regarding the implementation of the crypto treasury strategy.
- Potential risks and uncertainties related to cryptocurrency regulatory environment, which could impact the success of the newly announced treasury strategy.
FAQ
What recent changes occurred with Windtree's Series C and D preferred shares?
Windtree has seen a 99.3% reduction in Series C shares and a 68.5% reduction in Series D shares, as most have been redeemed or converted.
How has BNB coin performed since Windtree's announcement?
Since the announcement of the crypto treasury agreement, the price of BNB coin has increased by over 17% globally.
What is Windtree's strategy regarding cryptocurrencies?
Windtree is implementing a BNB crypto treasury strategy, committing up to $700 million for BNB acquisitions to diversify its portfolio.
Who leads the partnership with Build and Build Corp?
Build and Build Corp is led by Patrick Horsman, Joshua Kruger, and Johnathan Pasch, experienced professionals in hedge funds and digital asset management.
Where can I find more information about Windtree's public filings?
Additional information about Windtree's public filings is available at their official website, www.windtreetx.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WINT Hedge Fund Activity
We have seen 0 institutional investors add shares of $WINT stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RENAISSANCE TECHNOLOGIES LLC removed 119,266 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $150,275
- GEODE CAPITAL MANAGEMENT, LLC removed 59,167 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $74,550
- XTX TOPCO LTD removed 19,456 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $24,514
- TWO SIGMA INVESTMENTS, LP removed 14,449 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $18,205
- GOLDMAN SACHS GROUP INC removed 12,326 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $15,530
- HRT FINANCIAL LP removed 11,057 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $13,931
- TOWER RESEARCH CAPITAL LLC (TRC) removed 4,521 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $5,696
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Investors choose to redeem or convert the majority of Series C and Series D Preferred
99% of outstanding preferred series C shares are redeemed or converted and preferred series D reduced 68.5% in outstanding shares
BNB coin has appreciated over 17% since Windtree announced crypto treasury agreement with Build and Build Corp displaying the underlying demand for the coin globally
WARRINGTON, Pa., July 29, 2025 (GLOBE NEWSWIRE) -- Windtree Therapeutics, Inc. (“Windtree” or the “Company”) (NasdaqCM: WINT), a biotechnology company diversifying its portfolio through strategic initiatives, today announced large reductions in outstanding shares of its preferred series C and D shares. Only 19 preferred series C shares remain.
The majority of the Company’s Series C Convertible Preferred Stock (“Series C Preferred Stock”) and Series D Convertible Preferred Stock (“Series D Preferred Stock”) has been converted or redeemed. 19 shares of Series C Preferred Stock and 1,161 shares of Series D Preferred Stock remain outstanding as of July 25, 2025, representing a 99.3% reduction in the Series C Preferred Stock and a 68.5% reduction in the Series D Preferred Stock between April 15, 2025 and July 25, 2025.
The Company previously announced its plan to launch a BNB crypto treasury strategy with an agreement for $60 million investment led by Build and Build Corp. With Up To $140 Million More In Follow On Subscriptions. Since the announcement, the price of BNB coin has appreciated over 17%. The Company also announced further investment in the treasury strategy of up to $700 million committed to BNB acquisitions, reinforcing its innovative crypto treasury strategy. The agreement and investment are subject to stockholder approval.
“Windtree has greatly reduced the number of outstanding shares of its Series C Preferred Stock and Series D Preferred Stock, limiting future dilution from preferred conversion vs redemption,” said Jed Latkin, Chief Executive Officer of Windtree. “Investors redeemed ~$2.3 million value of preferred series C and D shares which could have been converted into ~7.7 common shares. We are pleased to share this news with our stockholders and look forward to the opportunities Windtree is engaged in to create value.”
See our public filings at www.windtreetx.com . This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Windtree Therapeutics, Inc.
Windtree Therapeutics, Inc. is a diversified company with several divisions, including a cryptocurrency treasury strategy and two promising therapeutic pipelines for which the Company is actively seeking long-term development partners.
About Build and Build Corp
Build and Build Corp is a dynamic company established by Patrick Horsman, Joshua Kruger, and Johnathan Pasch, who together bring over 43 years of expertise in hedge funds and digital asset management. The company is backed by prominent investors, including Off The Chain Capital, Kraken, Galaxy, and Silvermine, supporting its mission to deliver innovative solutions in the financial and digital asset sectors.
Forward-Looking Statements
The Company may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are based on information available to the Company as of the date of this press release and are subject to numerous important factors, risks, and uncertainties that may cause actual events or results to differ materially from the Company’s current expectations. Examples of such risks and uncertainties include, among other things: risks related to the Company’s ability to manage costs and execute on its operational and budget plans; risks related to the regulatory environment for cryptocurrency transactions; and the Company’s ability to develop and maintain its BNB Crypto Treasury Strategy. These and other risks are described in the Company’s periodic reports, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, filed with or furnished to the Securities and Exchange Commission and available at www.sec.gov. Any forward-looking statements that the Company makes in this press release speak only as of the date of this press release. The Company assumes no obligation to update forward-looking statements whether as a result of new information, future events, or otherwise, after the date of this press release.
Contact Information:
Eric Curtis
[email protected]