CEA Industries closes $500M private placement, targets 1% of BNB supply, new ticker BNC

CEA Industries Inc.

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.

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