---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-024881"
form_type: "8-K/A"
ticker: "BNC"
cik: "0001482541"
company_name: "CEA Industries Inc."
filed_at: "2025-08-19T23:59:59+00:00"
generated_at: "2026-05-17T11:25:37.393960+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CEA Industries files audited Fat Panda acquisition financials; target revenue $28M, net income $570K

## Summary
- Acquisition of Fat Panda Group closed June 6, 2025; this 8-K/A provides required audited financials.
- Fat Panda revenue $27.99M for FY2025, down 1.8% from $28.52M in FY2024.
- Net income fell 71% to $569,929 (FY2025) from $1.99M (FY2024).
- Total assets $9.04M, shareholders' equity $4.76M as of April 30, 2025.
- Operated 34 retail vape stores (SK, MB, ON) in 2025 vs 35 in 2024.

## SEC filing metadata
- accession: 0001641172-25-024881
- form_type: 8-K/A
- ticker: BNC
- cik: 0001482541
- company_name: CEA Industries Inc.
- filed_at: 2025-08-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482541/000164117225024881/0001641172-25-024881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482541/000164117225024881/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-024881
- JSON: https://secwatch.observer/filing/0001641172-25-024881.json
- Plain text: https://secwatch.observer/filing/0001641172-25-024881.txt

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