secwatch.observer — SEC 8-K summary
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Issuer:     CEA Industries Inc. (BNC)
CIK:        0001482541
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001493152-26-021548
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482541/000149315226021548/0001493152-26-021548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482541/000149315226021548/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-021548

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