secwatch.observer — SEC 8-K summary
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Issuer:     CEA Industries Inc. (BNC)
CIK:        0001482541
Form:       8-K
Filed at:   2026-09-11T20:03:22+00:00
Accession:  0001482541-26-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEA Industries Q1 FY2027 net loss $11.4M, holds 515,544 BNB worth $302.3M
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- Net loss $11.4M (-$0.22/diluted share); $15.3M unrealized loss on digital assets offset by $10.0M warrant gain.
- Retail revenue $7.2M (-4.6% YoY); gross profit $2.0M; 34 Fat Panda/Electric Fog locations in Canada.
- Repurchased 1,434,112 shares for $3.8M at avg $2.63; cash $7.1M, total debt $16.8M.
- Drew $15.0M USDC loan secured by 44,198 BNB (valued $25.9M); compliance with all covenants.
- YZILabs cooperation, Board changes (Carly Howard Chair, interim CEO William Miller), AMA litigation pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482541/000148254126000053/0001482541-26-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482541/000148254126000053/bnc-20260911.htm
  HTML page:      https://secwatch.observer/filing/0001482541-26-000053

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