{"filings":[{"id":746677,"accession_number":"0001482541-26-000010","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-05-29T20:10:15+00:00","items":["8.01","9.01"],"status":"ready","headline":"CEA Industries files suit against 10X Capital to void asset management agreement as unconscionable","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Filed complaint May 22, 2026 in Delaware District Court against 10X Capital LLC regarding August 5, 2025 Asset Management Agreement.","Seeks declaration AMA void ab initio as unconscionable, return of all fees paid since inception.","Alternatively, seeks ruling that liquidated damages clause accelerating ~20 years of future fees upon termination is unenforceable penalty.","Company had previously attempted to renegotiate AMA terms (including reduced fees, termination rights) but 10X did not agree."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":68012,"accession_number":"0001482541-26-000006","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-05-13T20:05:23+00:00","items":["3.01","9.01"],"status":"ready","headline":"CEA Industries (BNC) receives Nasdaq delisting notice for failure to hold annual meeting","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq Staff notified CEA on May 7, 2026, for non-compliance with Listing Rule 5620(a) due to missing annual meeting within 12 months of fiscal year end.","Company has 45 days (until June 22, 2026) to submit a compliance plan; if accepted, extension until October 27, 2026.","CEA intends to submit a plan and expects to hold an annual meeting in the coming weeks to regain compliance.","No assurance plan will be accepted; failure may lead to delisting with appeal rights."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93107,"accession_number":"0001493152-26-021548","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["1.01","2.03","5.02","7.01","9.01"],"status":"ready","headline":"CEA Industries President/Director McDonald resigns; enters $10M loan at 9.5% with BitGo Prime","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["President and director Anthony K. McDonald resigned May 4; received $250k severance over 12 months plus $10k legal fees.","Carly E. Howard appointed Chair of the Board; she joined as independent director in October 2025.","Entered master loan agreement with BitGo Prime to borrow digital assets/cash; initial $10M USDC loan at 9.5% per annum maturing Oct 30, 2026.","Loan secured by BNB/cash; financial covenants require Net Equity ≥ $25M and Leverage Ratio ≤ 200%.","Board also added independent directors Annemarie Tierney and Glenn Tyranski, and appointed Brent Miller as CFO."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93106,"accession_number":"0001493152-26-016384","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-04-13T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"CEA Industries warrants to trade on Nasdaq on April 15 under symbol BNCWZ","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["49,504,988 Stapled Warrants outstanding, each exercisable at $15.15 for one share of common.","Warrants expire August 5, 2028; originally issued under July 28, 2025 purchase agreement.","Trading begins on Nasdaq Capital Market on April 15, 2026 under ticker BNCWZ."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93105,"accession_number":"0001493152-26-015896","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-04-09T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"CEA Industries adopts inducement plan, grants 363,636 RSUs to new CFO Miller","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved 2026 Inducement Plan authorizing up to 1,000,000 shares for equity inducement grants to new employees.","CFO William B. Miller received 363,636 time-based RSUs with grant date fair value of $1,000,000 as hiring inducement.","RSU vesting: 25% on first anniversary, then equal quarterly installments through fourth anniversary.","Vesting accelerates on termination without cause, death/disability, or change-in-control qualifying termination; forfeited on cause."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104462,"accession_number":"0001493152-26-012998","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-03-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"BNC board proposes AMA fee cut from 1.75% to 0.50% of NAV; says 10X stalling","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Proposed amendments: mgmt fee 1.75% to 0.50% of NAV, term 20 to 2 years, lower liquidated damages.","Board says 10X only offered nominal concession; net fee likely higher after YZi side agreement termination.","10X engaged consulting firm to benchmark terms; board views as stall tactic, no results shared.","Board cannot unilaterally amend or terminate AMA without substantial break fee; will continue efforts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104461,"accession_number":"0001493152-26-012410","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-03-24T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"CEA Industries board blocks YZi Labs consent solicitation due to deficient request","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board determined YZi Labs' request to set a consent solicitation record date is deficient under company bylaws.","Request omitted material disclosures including YZi Labs' BNC holdings, nominee connections, and financial ties.","Board has not set a record date; YZi Labs may not proceed with its consent solicitation.","Stockholders are not required to take any action at this time.","Board says it will review a new request if YZi Labs submits one with complete information."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104460,"accession_number":"0001493152-26-012203","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-03-23T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Hans Thomas resigns from CEA Industries Board effective March 20, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Hans Thomas resigned from the Board of CEA Industries on March 20, 2026, effective immediately.","Resignation was not due to any disagreement with the Company, management, or Board.","Board, comprised of a majority of independent directors, will fill vacancy through ongoing search process."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104459,"accession_number":"0001493152-26-010327","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"CEA Industries Q3 net loss $106.6M; CEO Namdar to depart by Aug 31, 2026","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Fiscal Q3 net loss of $106.6M, EPS $(2.00); BNB price declined 28% causing unrealized loss of ~$159.8M.","CEO David Namdar to depart by Aug 31, 2026 under Transition Agreement; receives $375K make-up fee, $50K/month, and lump sum based on 132,000 shares.","Company appointed Brent Miller as CFO after quarter end; appointed independent directors Annemarie Tierney and Glenn Tyranski.","Board reconstituted all four standing committees with fully independent directors; AMA renegotiation with 10X Capital underway.","Company repurchased 2.18M shares during nine months; launched investor dashboard for real-time digital asset holdings."],"consensus_eps_estimate":null,"consensus_eps_actual":8.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":19055752.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104458,"accession_number":"0001493152-26-010178","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"YZi Labs seeks control of CEA Industries board via consent solicitation; board opposes","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["YZi Labs requested record date to expand board from 6 to 13 directors and elect its seven nominees.","Six of seven nominees are or have been employees, investors or advisors of CZ, YZi Labs or Binance.","Company says successful consent would transfer control of the board without a control premium.","Board will review validity of request; if valid, will set record date and file consent revocation statement.","Stockholders urged to consider consequences; no action required at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104457,"accession_number":"0001493152-26-009861","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-03-12T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"CEA Industries appoints Brent Miller as CFO; $1M RSU grant and BNB treasury strategy disclosed","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brent Miller appointed CFO effective March 9, 2026; over 20 years experience including Figure Technology Solutions, reAlpha, Sunlight Financial.","Compensation: $350k base salary, target bonus $175k, annual equity refresh $500k–$750k, and $1M RSU inducement grant vesting over 4 years.","Company emphasizes strategy as 'managing the world's largest corporate treasury of BNB' (Binance coin) in press release.","Severance: 9 months base salary on termination without cause or for good reason; full acceleration of new hire grant upon change in control."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104456,"accession_number":"0001493152-26-007346","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-02-18T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CEA Industries proposes to amend Asset Management Agreement with 10X to lower fees and shorten term","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board proposed amendment to AMA seeking lower management fees, shorter term, and more favorable termination provision.","YZi Labs publicly confirmed termination of its Secret Side Agreement with 10X, removing prior restriction on amendments.","10X has indicated willingness to cooperate; company seeks expeditious resolution.","Board believes amended AMA will enhance operational flexibility and support long-term value creation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104455,"accession_number":"0001493152-26-006862","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-02-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CEA Industries refutes YZi Labs claims of Nasdaq rule violation; reaffirms compliance","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Company states it is in full compliance with Nasdaq Rule 5620(a) regarding annual meeting timing.","Fiscal year end is two months away, so no risk of delisting for failing to hold meeting by year end.","Fiscal year change was approved and disclosed on July 3, 2025, before YZi Labs acquired any BNC shares.","Company characterizes YZi Labs' claims as false, reckless, and baseless conspiracy theories.","BNC focuses on disciplined governance and long-term value creation for all stockholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104454,"accession_number":"0001493152-26-005810","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-02-09T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"CEA Industries appoints Glenn W. Tyranski to board as Audit Committee chair","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Glenn W. Tyranski appointed to fill board vacancy effective immediately; will chair Audit Committee.","Tyranski is a partner at WWC, P.C., former NYSE senior VP and former FTI/EY executive.","Board now has six directors; half have joined in the last five months.","Appointment follows Nominating & Governance Committee search for independent directors.","Tyranski will receive standard non-employee director compensation and indemnification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104453,"accession_number":"0001493152-26-000598","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2026-01-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Russell Read resigns from CEA Industries Board effective Jan 1, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Russell Read resigned due to accepting another job that prohibits external board service.","Resignation not related to any disagreement with the Company, management, or Board.","Board intends to fill the vacancy through its ongoing search for independent director candidates."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120757,"accession_number":"0001493152-25-029421","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["1.01","3.03","5.03","8.01","9.01"],"status":"ready","headline":"CEA Industries adopts poison pill after activist group YZi Labs seeks board control","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board adopted stockholder rights agreement with 15% beneficial ownership trigger in response to YZi Labs' preliminary consent solicitation.","YZi Labs group holds 7.0% of common stock; warrants could allow holdings up to 19.99% (in-the-money) or 34.2% (all warrants).","Each right entitles holder to purchase 1/1000th of Series C Preferred at $33.50; flip-in provision provides 2x value upon trigger.","Rights expire Dec 26, 2026; redeemable at $0.001 per right before a triggering event.","Certificate of Designation for Series C Junior Participating Preferred Stock filed with Nevada Secretary of State on Dec 29, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120756,"accession_number":"0001493152-25-029251","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["5.03","8.01","9.01"],"status":"ready","headline":"CEA Industries adopts poison pill, amends bylaws after YZi Labs group seeks control (7% stake, warrants to 34.2%)","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board adopted rights plan triggering at 15% ownership; existing YZi Labs group grandfathered at 7% but any increase triggers pill.","YZi Labs holds in-the-money warrants for 11.3M shares at $0.00001 (could reach 19.99%) and out-of-the-money warrants for 11.1M at $15.15 (could reach 34.2% total).","If triggered, non-acquiring holders can buy shares at 50% discount; rights expire December 26, 2026.","Amended bylaws require stockholder consent solicitations to include advance notice, record date request, and 60-day consent window."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120755,"accession_number":"0001493152-25-027818","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-12-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CEA Industries (BNC) posts Q2 FY2026 net income of $283.6M, EPS $5.36, closes $500M private placement","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $283.6M, EPS $5.36; includes $206.8M gain on change in fair value of warrant liability.","Closed $500M private placement on Aug 5, 2025; potential up to $1.25B if all warrants exercised.","Accumulated over 500,000 BNB tokens; launched investor dashboard for real-time digital asset holdings visibility.","Board added three independent directors; announced $250M share repurchase program, repurchased 1.8M shares for $11.3M."],"consensus_eps_estimate":null,"consensus_eps_actual":8.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":11720973.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120754,"accession_number":"0001493152-25-026259","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-12-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"CEA Industries reaffirms BNB treasury strategy, responds to YZi Labs proxy challenge","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["As of Dec 4, 2025, holds 515,554 BNB valued at ~$464.6M ($901.27/BNB).","Company never considered an alternative token or launched competitive DAT ventures since July PIPE.","YZi Labs filed a Preliminary Consent Statement to expand and reconstitute the Board; CEA has reached out for dialogue.","Appointed Annemarie Tierney and Carly E. Howard as independent directors with digital asset and governance expertise.","Shareholders need not take any action at this time; Board remains majority independent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120753,"accession_number":"0001493152-25-025299","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-11-28T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CEA Industries appoints Annemarie Tierney to Board as independent director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board expanded from five to six members; appointment effective November 26, 2025.","Tierney also appointed to the Audit Committee and Nominating & Governance Committee.","Tierney is founder of Liquid Advisors; previously senior roles at Nasdaq Private Market, NYSE Euronext, and SEC.","Will receive standard non-employee director compensation per proxy, including cash retainers and equity awards pro-rated.","No family relationships or reportable transactions; standard indemnification agreement executed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120752,"accession_number":"0001493152-25-024180","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-11-19T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"CEA Industries launches BNB Treasury Dashboard with 515K BNB ($481M value)","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["515,054 BNB held; avg acquisition cost ~$851.29/BNB; total invested ~$438.5M; est. value ~$481M.","Realized BNB yield of 6,506 BNB (~1.5% simple return since Aug 2025, >5% annualized).","Since Aug 25, sold 856,275 shares at avg $15.09 per share via ATM program.","Since Sep 22, repurchased 1,170,306 shares at avg $6.77 per share.","CEO David Namdar to participate in Clear Street Disruptive Technology Conference Nov 19-20."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120751,"accession_number":"0001493152-25-018732","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"CEA Industries crosses 500k BNB milestone; holdings valued at $546.8M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Now holds 500,000 BNB tokens with average cost $870, total invested $435M.","Estimated BNB value of $546.8M as of Oct 20, plus $50M cash, total crypto/cash $596.8M.","Company aims to own 1% of total BNB supply by end of 2025, reinforcing position as world's largest BNB treasury.","Recent board appointments: Carly E. Howard as Non-Executive Director, Jon Najarian as Chief Evangelist."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120750,"accession_number":"0001493152-25-018521","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-10-17T23:59:59+00:00","items":[],"status":"ready","headline":"Nasdaq publicly reprimands CEA Industries for Aug. 2025 change-of-control violation; inquiry closed","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq issued a public reprimand on Oct. 14, 2025 for violating Rule 5635(b) (shareholder approval) due to Aug. 2025 change-of-control transactions.","The Staff acknowledged prompt remediation, no deliberate intent, and closed inquiry without delisting.","Company previously regained compliance; no further action required from the Company.","Reprimand is the final resolution; no financial penalties or trading suspension were imposed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120749,"accession_number":"0001493152-25-017302","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-10-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CEA Industries appoints Carly E. Howard to board, expanding from 4 to 5 members","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Carly E. Howard appointed as director effective Oct 1, 2025; board expands from 4 to 5 members.","Ms. Howard brings 20 years experience in investments, family offices, fiduciary law, and crypto/digital assets.","She will serve on Audit, Compensation, and Nominating & Governance Committees; qualified as independent.","No compensatory arrangements or transactions with Ms. Howard noted; standard indemnification agreement planned."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120748,"accession_number":"0001493152-25-017242","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-10-07T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"CEA Industries holds 480k BNB tokens worth $585.5M; BNB hits all-time high $1,236.74","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total BNB holdings: 480,000 tokens at avg cost $860/BNB, invested $412.8M, value $585.5M as of Oct 6.","BNB price reached all-time high $1,236.74 on Oct 6; market cap exceeds $175B, larger than Solana.","Company holds $77.5M cash; total crypto+cash = $663M; aims to own 1% of total BNB supply by end of 2025.","CEO David Namdar says BNB's ATH validates its credibility and ecosystem; single-asset focus on BNB."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137346,"accession_number":"0001493152-25-014939","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-09-25T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"CEA Industries (BNC) authorizes $250 million stock buyback program","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized repurchase of up to $250M of common stock; no obligation to execute.","Cantor Fitzgerald engaged as non-exclusive agent; commission $0.02 per share repurchased.","CEO David Namdar cites confidence in BNB token near all-time highs; buyback to enhance NAV per share.","Repurchases may be made through open market, privately-negotiated transactions, or Rule 10b5-1 plans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137345,"accession_number":"0001493152-25-014564","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-09-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CEA Industries closes $500M private placement, targets 1% of BNB supply, new ticker BNC","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed $500M private placement on Aug 5, 2025; potential $1.25B if all warrants exercised.","New digital asset treasury strategy targeting 1% ownership of total BNB supply by year-end 2025.","Common stock began trading on Nasdaq under new ticker 'BNC' on Aug 6, 2025.","Q1 FY2026 financials (July 31, 2025) reflect legacy operations; no digital assets included in quarter.","Digital asset acquisitions commenced after quarter end; expected to be reported in Q2 FY2026 by Dec 15, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137344,"accession_number":"0001493152-25-014360","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-09-22T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"CEA Industries files registration for $500M PIPE, CEO updates on BNB treasury strategy and buyback","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Filed S-3 registration for previously disclosed $500M PIPE and up to $750M warrant transaction on Sept 19.","CEO David Namdar says BNC purchases BNB daily and has board-authorized $250M share repurchase program.","BNB price up 35.6% since Aug 5 and 47.5% YTD; market cap over $146B; company touts outperformance.","Company compares strategy to Strategy (MicroStrategy) and aims to compound BNB per share for shareholders.","CEO interviewed Binance founder CZ; plans to launch dashboards and NAV indicators for investors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137343,"accession_number":"0001493152-25-012922","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-09-09T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CEA Industries extends deadline to file resale registration statement by up to 30 days; waives potential damages","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment extends initial filing deadline from 30th to 45th calendar day after closing, with optional further extension to 60th day.","Consenting holders owning ≥50.1% of registrable securities approved the amendment.","Failure to file by original 30-day deadline will not trigger liquidated damages if filed by extended deadlines (45th or 60th day).","Amendment modifies Registration Rights Agreement dated July 28, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137342,"accession_number":"0001641172-25-026236","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CEA Industries appoints Russell Read as director, replacing Alexander Monje","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Alexander Monje resigned as director effective August 29, 2025; no disagreement with the company.","Russell Read appointed immediately to fill vacancy; will serve until next annual meeting.","Read is former CIO of CalPERS, Alaska Permanent Fund, and current CIO of MEASA Partners.","Appointed to Audit (Chair), Compensation, Nominating & Governance, and Strategic Committees.","Board determined Read is independent and qualifies as an audit committee financial expert."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137341,"accession_number":"0001641172-25-025349","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-08-25T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CEA Industries enters $50M at-the-market equity offering agreement with Cantor Fitzgerald","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company may sell up to $50M of common stock from time to time at market prices.","Cantor Fitzgerald to receive up to 3.0% commission on gross proceeds from each sale.","Sales will be made under an automatic shelf registration statement filed August 25, 2025.","Company has no obligation to sell any shares and may suspend or terminate the agreement at any time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137336,"accession_number":"0001641172-25-024881","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K/A","filed_at":"2025-08-19T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"CEA Industries files audited Fat Panda acquisition financials; target revenue $28M, net income $570K","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition of Fat Panda Group closed June 6, 2025; this 8-K/A provides required audited financials.","Fat Panda revenue $27.99M for FY2025, down 1.8% from $28.52M in FY2024.","Net income fell 71% to $569,929 (FY2025) from $1.99M (FY2024).","Total assets $9.04M, shareholders' equity $4.76M as of April 30, 2025.","Operated 34 retail vape stores (SK, MB, ON) in 2025 vs 35 in 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137340,"accession_number":"0001641172-25-022633","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-08-08T23:59:59+00:00","items":["1.01","3.02","5.02","8.01","9.01"],"status":"ready","headline":"CEA Industries closes $500M private placement, appoints new CEO, shifts to BNB treasury strategy","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds of $500M from private placement led by YZi Labs; potential additional $750M from warrant exercise.","Appoints David Namdar as CEO, Hans Thomas & Alexander Monje as directors; former CEO Tony McDonald becomes President.","Enters 20-year asset management agreement with 10X Capital for BNB treasury; ticker changes to BNC/BNCWW on Nasdaq.","Over 140 institutional investors participated including Pantera, Blockchain.com, Arrington Capital.","Company exits cannabis retail; Fat Panda subsidiaries cease cannabis sales."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137339,"accession_number":"0001641172-25-021932","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-08-01T23:59:59+00:00","items":["3.02","9.01"],"status":"ready","headline":"CEA Industries closes ~$500M private placement of common stock and warrants","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 41,754,478 common shares at $10.10/share; pre-funded warrants for 7,750,510 shares at $10.09999.","Issued stapled warrants to purchase 49,504,988 shares at $15.15 exercise price.","Cantor Fitzgerald & Co. acted as sole placement agent.","Gross proceeds estimated at roughly $500 million from common stock and pre-funded warrants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137338,"accession_number":"0001641172-25-021130","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-07-28T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"CEA Industries raises $500M PIPE to become publicly listed BNB treasury company","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds of ~$500M from common equity PIPE; up to $1.25B including warrant exercises.","Proceeds to acquire BNB, establishing the largest publicly traded BNB treasury strategy.","Incoming CEO David Namdar (Galaxy Digital co-founder) and CIO Russell Read (ex-CalPERS CIO).","Over 140 institutional and crypto investors participated, including Pantera Capital and YZi Labs.","Transaction expected to close on or about July 31, 2025; common stock trades as VAPE."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137337,"accession_number":"0001641172-25-017820","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-07-03T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"CEA Industries changes fiscal year to April 30, aligning with acquired Fat Panda entities","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board of Directors approved change of fiscal year end from previous date to April 30, effective for fiscal year ending April 30, 2025.","Change aligns financial reporting with operations of Fat Panda Ltd. and affiliates, acquired June 6, 2025.","The Company will file a transition report on Form 10-KT on or before September 29, 2025.","The change was authorized under Article XI of the Company's By-Laws."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154658,"accession_number":"0001641172-25-014377","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-06-10T23:59:59+00:00","items":["2.01","9.01","8.01"],"status":"ready","headline":"CEA Industries completes CAD 18M acquisition of Fat Panda, largest Canadian vape retailer","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price CAD 18M ($12.6M USD): CAD 12.1M cash, 39,000 shares valued at CAD 700k, seller notes CAD 2.56M.","Funded partly by interim USD 4M loan due Dec 3, 2025, secured by all assets of CEA, AcquireCo, and Fat Panda.","Fat Panda operates 33 retail locations in Manitoba, Ontario, Saskatchewan, plus e-commerce; >50% regional market share.","CAD 2.6M placed in escrow for post-closing adjustments, indemnity, and employee-related matters.","Sellers to enter non-competition agreements; senior management will sign employment agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154657,"accession_number":"0001641172-25-014235","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-06-09T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CEA Industries engages advisor for Fat Panda vape acquisition; pays CAD$700k in shares","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Entered agreement with Velocity Investments for due diligence and acquisition advice regarding Fat Panda Ltd., a Canadian nicotine vape retailer/manufacturer.","Services valued at CAD$700,000; paid with 39,000 shares of common stock (market value $313,950 as of issuance).","Original agreement dated Feb 7, 2025, with two amendments; 8-K filed June 6, 2025.","Shares issued under prospectus supplement to Form S-3 registration statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154656,"accession_number":"0001641172-25-009265","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-05-08T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CEA Industries provides Fat Panda acquisition update with preliminary 2024 financials; expects H1 2025 close","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Fat Panda preliminary unaudited 2024 revenue CAD $38.5M (up 14% YoY) and net income CAD $1.2M (up 126% YoY).","Adjusted EBITDA (before ownership distributions) CAD $8.0M, up 16% YoY from CAD $6.8M.","Gross margin decreased to 39% in 2024 from 46% in 2023; operating expenses improved 11%.","Fat Panda operates 33 retail locations in central Canada, plus e-commerce and in-house e-liquids.","Acquisition marks CEA's entry into vape market; closing targeted first half of 2025, subject to conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154655,"accession_number":"0001641172-25-002000","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-04-01T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CEA Industries updates Fat Panda acquisition; FY2024 rev CAD 38.5M, adj. EBITDA CAD 8.4M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Preliminary FY2024 revenue CAD 38.5M (USD 28.5M); adjusted EBITDA CAD 8.4M (USD 6.2M).","Revenue and adjusted EBITDA grew >10% YoY; gross margin declined 15% from FY2023 to 39%.","Fat Panda is central Canada's largest vape retailer with 33 locations and e-commerce platform.","Acquisition expected to close in H1 2025, subject to due diligence, financing, and regulatory approvals.","CEO Tony McDonald says transaction is a 'transformative step' into the high-growth vape industry."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173179,"accession_number":"0001493152-25-006050","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2025-02-12T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CEA Industries signs CAD $18M deal to acquire Fat Panda, entering Canadian vape market","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price CAD $18M (~USD $12.6M) payable in cash, 39,000 CEAD shares, seller notes, and bank debt.","Fat Panda operates 33 retail locations in Manitoba, Ontario, Saskatchewan; holds >50% regional market share.","CEA expects to close acquisition in first half of fiscal 2025, subject to financing, due diligence, and regulatory approvals.","Deal described as accretive with minimal dilution; current management and staff to continue employment.","Acquisition includes Fat Panda's leases, IP, inventory, licenses, manufacturing facilities, and franchise agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":190211,"accession_number":"0001493152-24-050643","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2024-12-18T23:59:59+00:00","items":["5.07","8.01"],"status":"ready","headline":"CEA Industries reports annual meeting results and new Director Compensation Plan","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Elected all five director nominees: McDonald, Shipley, Etten, Tarallo, Mariathasan; votes for ranged 298,755–309,507.","Ratified Sadler, Gibb & Associates as independent auditor for FY2024 (522,682 for, 24,435 against, 8,552 abstain).","Advisory vote approved executive compensation for FY2025; shareholders selected every 3 years for future say-on-pay votes.","New Director Compensation Plan: independent directors receive $25,000 annual cash fee and $25,000 RSU award at election and annually.","Board committees appointed: Audit (Etten), Compensation (Shipley), Nominations (Mariathasan)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":190210,"accession_number":"0001493152-24-048444","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2024-12-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CEA Industries announces non-binding LOI to acquire specialty retailer with 30+ locations","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Target is a leading specialty retailer and manufacturer with over 30 retail locations, trademarks, and IP.","Consideration will be a mix of cash, CEA common shares, and debt; no deal value disclosed.","Expects definitive agreement before year-end 2024 and closing in Q1 2025, subject to conditions.","CEO cites target's double-digit revenue growth, consistent profitability, and positive cash flow."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223910,"accession_number":"0001493152-24-024712","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2024-06-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CEA Industries engages director Nicholas J. Etten for M&A advisory services","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Director Nicholas J. Etten will provide transaction sourcing and evaluation services to CEA Industries.","Mr. Etten will receive a weekly fee of $2,500 for a minimum of 10 hours per week of work.","The month-to-month consulting agreement can be terminated by either party on five days' notice.","CEA agreed to indemnify Mr. Etten for services performed under the consulting agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223909,"accession_number":"0001493152-24-022729","cik":1482541,"company_name":"CEA Industries Inc.","ticker":"BNC","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["3.03"],"status":"ready","headline":"CEA Industries announces 1-for-12 reverse stock split to regain Nasdaq compliance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Effective June 7, 2024, every 12 shares of common stock will combine into 1 share.","No fractional shares; any fractional holdings will be rounded up to the next whole share.","Warrants adjusted: each 12 warrants will buy 1 share at a $60 exercise price.","New CUSIP 86887P309 for common stock; warrants retain current CUSIP.","Split aims to maintain listing on Nasdaq Capital Market under symbols CEAD and CEADW."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":105952726.08550185,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}