WARRINGTON, PA — Windtree Therapeutics, Inc. (NasdaqCM: WINT) announced major reductions in its outstanding Series C and Series D preferred shares, positioning the company to limit future equity dilution as it advances an ambitious crypto treasury strategy.
As of July 25, only 19 Series C preferred shares remain outstanding—a 99.3% reduction since April. The number of Series D shares was also significantly cut, with 1,161 remaining, down 68.5% from earlier in the year. The company noted that nearly $2.3 million worth of preferred stock was redeemed rather than converted, preventing what could have amounted to approximately 7.7 million new common shares.
“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. “We are pleased to share this news with our stockholders and look forward to the opportunities Windtree is engaged in to create value.”
The announcement comes as Windtree prepares to execute a bold move into blockchain-based financial management. The company recently disclosed plans for a crypto treasury strategy centered on the BNB coin. The initiative includes a $60 million investment led by Build and Build Corp., with the potential for an additional $140 million in follow-on subscriptions, pending shareholder approval.
Adding to the momentum, the price of BNB coin has appreciated over 17% since Windtree’s initial announcement, providing early validation for the strategic direction. Windtree also revealed that up to $700 million in additional funding has been committed to support future BNB acquisitions.
The combination of share reduction and a forward-looking treasury plan underscores Windtree’s ongoing efforts to reshape its capital structure and pursue unconventional growth avenues. The company’s strategy reflects a broader trend among small-cap biotech firms exploring digital asset integration to enhance liquidity and long-term value.
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