CEA Industries Inc. (BNC): debt financing — CEA Industries President/Director McDonald resigns; enters $10M loan at 9.5% with BitGo Prime

CEA Industries Inc.

President and director Anthony K. McDonald resigned May 4; received $250k severance over 12 months plus $10k legal fees.
Carly E. Howard appointed Chair of the Board; she joined as independent director in October 2025.
Entered master loan agreement with BitGo Prime to borrow digital assets/cash; initial $10M USDC loan at 9.5% per annum maturing Oct 30, 2026.
Loan secured by BNB/cash; financial covenants require Net Equity ≥ $25M and Leverage Ratio ≤ 200%.
Board also added independent directors Annemarie Tierney and Glenn Tyranski, and appointed Brent Miller as CFO.

item 1.01 item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Anthony K. McDonald

President

BNC · CEA Industries Inc.

Effective: 2026-05-04
Filed: May 6, 2026, 7:59 PM ET

On May 4, 2026, Anthony K. McDonald, the Company’s President and a member of the Company’s Board of Directors, resigned as President and as a director of the Company.

Departed

Anthony K. McDonald

Director

BNC · CEA Industries Inc.

Effective: 2026-05-04
Filed: May 6, 2026, 7:59 PM ET

On May 4, 2026, Anthony K. McDonald, the Company’s President and a member of the Company’s Board of Directors, resigned as President and as a director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CEA Industries Inc. incurred loan of 10 million USDC with BitGo Prime, LLC at 9.5% per annum maturing October 30, 2026.

Instrument: loan
Principal: 10 million USDC
Counterparty: BitGo Prime, LLC
Rate: 9.5% per annum
Maturity: October 30, 2026
Event: incurrence

Exact text from the filing

On April 30, 2026, the parties to the Loan Agreement agreed to a loan request for 10 million USDC at a loan fee amount of 9.5% per annum and an initial maturity date of October 30, 2026, with option to renew for additional 6-month terms on a rolling basis.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony K. McDonald resigned as President at CEA Industries Inc..

Action: resigned
Role: President

Exact text from the filing

On May 4, 2026, Anthony K. McDonald, the Company’s President and a member of the Company’s Board of Directors, resigned as President and as a director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony K. McDonald resigned as Director at CEA Industries Inc..

Action: resigned
Role: Director

Exact text from the filing

On May 4, 2026, Anthony K. McDonald, the Company’s President and a member of the Company’s Board of Directors, resigned as President and as a director of the Company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CEA Industries Inc. entered into Loan Agreement with BitGo Prime, LLC (effective 2026-04-30).

Action: entry
Agreement: credit facility
Counterparty: BitGo Prime, LLC
Effective: 2026-04-30

Exact text from the filing

On April 30, 2026, CEA Industries Inc. (the “ Company ”) entered into a master loan agreement (the “ Loan Agreement ”) with BitGo Prime, LLC (the “ Lender ”)

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

CEA Industries Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-021548

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