---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-012998"
form_type: "8-K"
ticker: "BNC"
cik: "0001482541"
company_name: "CEA Industries Inc."
filed_at: "2026-03-26T23:59:59+00:00"
generated_at: "2026-05-15T08:48:57.701267+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BNC board proposes AMA fee cut from 1.75% to 0.50% of NAV; says 10X stalling

## Summary
- Proposed amendments: mgmt fee 1.75% to 0.50% of NAV, term 20 to 2 years, lower liquidated damages.
- Board says 10X only offered nominal concession; net fee likely higher after YZi side agreement termination.
- 10X engaged consulting firm to benchmark terms; board views as stall tactic, no results shared.
- Board cannot unilaterally amend or terminate AMA without substantial break fee; will continue efforts.

## SEC filing metadata
- accession: 0001493152-26-012998
- form_type: 8-K
- ticker: BNC
- cik: 0001482541
- company_name: CEA Industries Inc.
- filed_at: 2026-03-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482541/000149315226012998/0001493152-26-012998-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482541/000149315226012998/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-012998
- JSON: https://secwatch.observer/filing/0001493152-26-012998.json
- Plain text: https://secwatch.observer/filing/0001493152-26-012998.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.