secwatch.observer — SEC 8-K summary
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Issuer:     CEA Industries Inc. (BNC)
CIK:        0001482541
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001493152-26-010327
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEA Industries Q3 net loss $106.6M; CEO Namdar to depart by Aug 31, 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482541/000149315226010327/0001493152-26-010327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482541/000149315226010327/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-010327

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