# EDGAR Filing Document

**Accession Number:** 0001482541
**File Stem:** 0001493152-25-024180
**Filing Date:** 2025-11
**Character Count:** 12380
**Document Hash:** 356fdbdbf794119e2d48b2255c249594
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-024180.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0001493152-25-024180

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251119

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CEA Industries Inc.
- **CENTRAL INDEX KEY:** 0001482541
- **STANDARD INDUSTRIAL CLASSIFICATION:** AGRICULTURE SERVICES [0700]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 273911608
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41266
- **FILM NUMBER:** 251497203

**BUSINESS ADDRESS:**
- **STREET 1:** 1780 55TH STREET, SUITE C
- **CITY:** BOULDER
- **STATE:** CO
- **ZIP:** 80301
- **BUSINESS PHONE:** 303-993-5271

**MAIL ADDRESS:**
- **STREET 1:** 1780 55TH STREET, SUITE C
- **CITY:** BOULDER
- **STATE:** CO
- **ZIP:** 80301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Surna Inc.
- **DATE OF NAME CHANGE:** 20100128

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): November 19, 2025

**<u>CEA INDUSTRIES INC.</u>**

(Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-41266** | **27-3911608** |
| (State or Other Jurisdiction<br> of Incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **385 South Pierce Avenue, Suite C, Louisville, Colorado** | **80027** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **<u>(303) 993-5271</u>**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.00001 per share | BNC | Nasdaq Capital Market |
| Warrants to purchase Common Stock | BNCWW | Nasdaq Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 7.01 Regulation FD Disclosure.**

On November 19, 2025, CEA Industries, Inc. (the "<u>Company</u>") issued a press release announcing the launch of its Treasury Dashboard and providing updates on the business and operations, a copy of which is furnished hereto as Exhibit 99.1, which is incorporated by reference into this Item 7.01 in its entirety.

The Company's Treasury Dashboard provides a consolidated, periodically updated view of the Company's BNB holdings and related treasury operating metrics. The Treasury Dashboard currently reports 515,054 BNB in total holdings. The Company expects to update the dashboard periodically with additional data and performance indicators.

The press release provided an update on the Company's previously announced common stock repurchase program. Since September 22, 2025, the Company has repurchased 1,170,306 shares of common stock, at an average price of $6.77 per share, under the repurchase program.

The press release further notes, among other items, that, since August 25, 2025, the Company has sold 856,275 shares of its common stock at an average price of $15.09 per share under the at-the-market offering program pursuant to the previously disclosed Sales Agreement with Cantor Fitzgerald & Co.

The information in this Item 7.01 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1 is being furnished to the U.S. Securities and Exchange Commission, and shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act of 1934 (the "<u>Exchange Act</u>") or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 99.1 | [Press Release dated November 19, 2025](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL documents). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 19, 2025

---

| | |
|:---|:---|
| **CEA Industries Inc.** | **CEA Industries Inc.** |
| By: | */s/ David Namdar* |
| Name: | David Namdar |
| Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**PRESS RELEASE**

**CEA Industries (BNC) Launches Comprehensive Treasury Dashboard and Provides Corporate Update**

● **World's Largest BNB Treasury with 515,054 BNB held, providing unmatched exposure to a leading digital asset ecosystem.** 

● **Realized BNB yield of ~1.5% since August 2025, reflecting a >5% annualized rate of return** 

● **BNB Cost Basis: Avg. acquisition cost ~$851.29/BNB; total invested ~$438.5M; est. value ~$481M as of 6pm ET, Nov 18, 2025** 

● **CEO David Namdar to Participate in the Clear Street Disruptive Technology Conference taking place November 19-20, 2025** 

**Louisville, CO** **, November 19, 2025 - <u>CEA Industries Inc</u>. (Nasdaq: BNC)** ("BNC" or the "Company"), which manages the world's largest corporate treasury of BNB, today announced the launch of its new **<u>Treasury Dashboard</u>** ("dashboard"), now live on CEAIndustries.com. The dashboard offers investors a consolidated and regularly updated view of certain of BNC's operating metrics, BNB holdings, treasury strategy, and capital markets activities.

The dashboard launch reinforces BNC's commitment to transparent, accessible and institutionally aligned disclosure, supporting the Company's long-term strategy of disciplined asset management and ecosystem participation. The dashboard currently reports 515,054 BNB in total holdings, accompanied by historical activity that illustrates BNC's treasury discipline and its approach to long-term asset stewardship.

Key figures disclosed as of November 18, 2025:

● **BNB Holdings**: 515,054 BNB

● **BNB Cost Basis:** avg. acquisition cost ~$851.29/BNB; total invested ~$438.5M; est. value ~$481M as of 6pm ET, Nov 18, 2025

● **ATM Sales:** 856,275 shares of BNC sold via the Company's at-the-market (ATM) offering program at an average price of $15.09 per share since August 25, 2025

● **Share Buyback:** 1,170,306 shares of BNC repurchased at an average price of $6.77 per share since September 22, 2025

● **Asset Yield:** 

○ Realized BNB yield of 6,506 BNB; equivalent to a simple return of ~1.5% on invested capital since the inception of the BNB treasury strategy on August 5th, 2025, reflecting a >5% annualized rate of return

"Publishing this dashboard gives investors clear visibility into how we manage and grow the largest BNB treasury in the world," said David Namdar, CEO of CEA Industries (BNC). "Investors will now have access to metrics on the Company's BNB acquisition and treasury strategy."

"This dashboard is designed as a living resource," Namdar added. "We intend to continue to evolve as we add new performance metrics and datasets. Furthermore, it represents a foundational step toward our long-term vision of a fully transparent, on-chain, institutionally aligned treasury strategy built around one of the strongest ecosystems in Web3."

The BNC Treasury Dashboard is now available at <u>CEAIndustries.com/dashboard</u>.

The Company also announced that Mr. Namdar will be participating in the Clear Street Disruptive Technology Conference taking place November 19-20, 2025. To schedule a meeting, please reach out to your conference representative or <u>james@haydenir.com</u>.

CEA Industries Media Inquiries: <u>bnc@cw8.co</u>

Investor Relations: <u>james@haydenir.com</u>

**About CEA Industries Inc.**

CEA Industries Inc. (Nasdaq: BNC) is a growth-oriented company that has focused on building category-leading businesses in consumer markets, including building and managing the world's largest corporate treasury of Binance Coin (BNB). BNC offers investors institutional-grade exposure to BNB.

**Forward-Looking Statements**

This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This press release specifically contains forward-looking statements regarding BNC's expectations or beliefs regarding (i) the Company's position as the largest BNB treasury in the world; (ii) the long-term growth and adoption of the BNB ecosystem; (iii) BNC's role in advancing BNB's global adoption; (iv) the growth of interest from institutional partners and investors worldwide; (v) BNC being the most trusted and strategically positioned digital asset treasury; (vi) BNC's ability to scale its holdings and introduce innovative structures, which result in lasting value to shareholders and (vii) updates and expansion of the dashboard. BNC wishes to caution readers that these forward-looking statements may be affected by the risks and uncertainties in BNC's business as well as other important factors may have affected and could in the future affect BNC's actual results and could cause BNC's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of BNC. In evaluating these forward-looking statements, readers should consider various risk factors, which include, but are not limited to, BNC's ability to keep pace with new technology and changing market needs; BNC's ability to finance its current business and proposed future business, including the ability to finance the continued acquisition of BNB; the competitive environment of BNC's business; and the future value and adoption of BNB. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions and risks, many of which are beyond BNC's control. In addition, these forward-looking statements and the information in this press release is qualified in its entirety by cautionary statements and risk factor disclosures contained in BNC's filings with the SEC, including BNC's Form 10-K filed with the SEC on March 27, 2025, and Form 10-KT filed with the SEC on July 25, 2025, each as may be amended or supplemented from time to time. Copies of BNC's filings with the SEC are available on the SEC's website at www.sec.gov . BNC undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.