---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-021548"
form_type: "8-K"
ticker: "BNC"
cik: "0001482541"
company_name: "CEA Industries Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:36:43.828798+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CEA Industries President/Director McDonald resigns; enters $10M loan at 9.5% with BitGo Prime

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-021548
- form_type: 8-K
- ticker: BNC
- cik: 0001482541
- company_name: CEA Industries Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482541/000149315226021548/0001493152-26-021548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482541/000149315226021548/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-021548
- JSON: https://secwatch.observer/filing/0001493152-26-021548.json
- Plain text: https://secwatch.observer/filing/0001493152-26-021548.txt

## Source-grounded claims
- claim_id: 2c2208a84f9bda98ab3ed90e0508ca1a10f56c93
  claim: CEA Industries Inc. incurred loan of 10 million USDC with BitGo Prime, LLC at 9.5% per annum maturing October 30, 2026.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482541/000149315226021548/0001493152-26-021548-index.htm
- claim_id: 27ed412754
  claim: Anthony K. McDonald resigned as President at CEA Industries Inc..
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482541/000149315226021548/0001493152-26-021548-index.htm
- claim_id: 51e8e8f9fd
  claim: Anthony K. McDonald resigned as Director at CEA Industries Inc..
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482541/000149315226021548/0001493152-26-021548-index.htm
- claim_id: e3bc05a3bd6645ea2ebb4b6eb6e8d8d6e770e747
  claim: CEA Industries Inc. entered into Loan Agreement with BitGo Prime, LLC (effective 2026-04-30).
  evidence_excerpt: On April 30, 2026, CEA Industries Inc. (the “ Company ”) entered into a master loan agreement (the “ Loan Agreement ”) with BitGo Prime, LLC (the “ Lender ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1482541/000149315226021548/0001493152-26-021548-index.htm

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