secwatch.observer — SEC 8-K summary
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Issuer:     CEA Industries Inc. (BNC)
CIK:        0001482541
Form:       8-K
Filed at:   2026-06-23T20:40:34+00:00
Accession:  0001482541-26-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEA Industries posts FY2026 net income $115.2M; holds 515,544 BNB tokens valued at $317M
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- Net income of $115.2M ($2.52 diluted EPS); non-cash gain of $282.9M on warrant liabilities offset $130.3M unrealized loss on digital assets.
- Holds 515,544 BNB (487,956 unrestricted) with fair value $319.6M; $7.9M airdrop income generated within Binance ecosystem.
- Entered $10M USDC loan secured by $17M BNB post year-end to support liquidity; repurchased 1.43M shares for $3.8M.
- Filed complaint in Delaware to void Asset Management Agreement and recover fees after failed renegotiation.
- All board committees reconstituted with independent directors; Brent Miller appointed CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482541/000148254126000021/0001482541-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482541/000148254126000021/bnc-20260623.htm
  HTML page:      https://secwatch.observer/filing/0001482541-26-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer