other material
confidence high
sentiment neutral
materiality 0.60
CEA Industries announces 1-for-12 reverse stock split to regain Nasdaq compliance
CEA Industries Inc.
- 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.