CEA Industries Inc. Files 8-K: Material Agreement
Ticker: BNCWW · Form: 8-K · Filed: Feb 12, 2025 · CIK: 1482541
| Field | Detail |
|---|---|
| Company | Cea Industries Inc. (BNCWW) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.00001, $18,000,000, $12,600,000, $13,900,000, $700,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-K, corporate-action
TL;DR
CEA Industries Inc. signed a big deal, filing an 8-K on Feb 12th.
AI Summary
CEA Industries Inc. (formerly Surna Inc.) entered into a material definitive agreement on February 7, 2025. The company, incorporated in Nevada with its principal executive offices in Louisville, Colorado, filed this 8-K report on February 12, 2025. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a significant new development or contract for CEA Industries Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — An 8-K filing signifies a material event, which could introduce new risks or opportunities that are not yet fully understood.
Key Numbers
- 001-41266 — SEC File Number (Identifies the company's filing history with the SEC.)
- 27-3911608 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- CEA Industries Inc. (company) — Registrant
- Surna Inc. (company) — Former company name
- February 7, 2025 (date) — Date of earliest event reported
- February 12, 2025 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Louisville, Colorado (location) — Principal executive offices
FAQ
What type of material definitive agreement did CEA Industries Inc. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on February 7, 2025.
When was CEA Industries Inc. formerly known as Surna Inc.?
The date of the name change from Surna Inc. to CEA Industries Inc. is not explicitly stated in this excerpt, but the former name is listed.
What is the primary business of CEA Industries Inc.?
CEA Industries Inc. is classified under AGRICULTURE SERVICES [0700] and is listed as '08 Industrial Applications and Services'.
Where are CEA Industries Inc.'s principal executive offices located?
The principal executive offices of CEA Industries Inc. are located at 385 South Pierce Avenue, Suite C, Louisville, Colorado 80027.
What is the significance of the filing date?
The filing date of February 12, 2025, indicates when the company officially submitted this Current Report (Form 8-K) to the SEC.
Filing Stats: 1,185 words · 5 min read · ~4 pages · Grade level 13 · Accepted 2025-02-12 09:15:12
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value CEAD Nasdaq Capital Mark
- $18,000,000 — acquisition. The purchase price is CAD$18,000,000 (approximately, US$12,600,000), payable
- $12,600,000 — ice is CAD$18,000,000 (approximately, US$12,600,000), payable in cash, securities and selle
- $13,900,000 — includes an initial cash payment of CAD$13,900,000, issuance of 39,000 shares of the commo
- $700,000 — ny with an agreed aggregate value of CAD$700,000 (approximately CAD$18.00 per share), an
- $18.00 — value of CAD$700,000 (approximately CAD$18.00 per share), and issuance of notes to th
- $2,060,000 — in the aggregate principal amount of CAD$2,060,000, and release of a CAD$100,000 due dilig
- $100,000 — t of CAD$2,060,000, and release of a CAD$100,000 due diligence deposit. The Company is a
- $1,030,000 — the notes in the principal amount of CAD$1,030,000, is convertible into the common stock o
- $19.00 — the Company at a conversion rate of USD$19.00 per share. At closing the following wil
- $1,375,000 — cash purchase price in the amount of CAD$1,375,000 will be held in a joint escrow account
- $1,240,000 — djustment escrow; second, the sum of CAD$1,240,000, will be paid into escrow for possible
- $112,500 — he purchase price will be reduced by CAD$112,500 and the sum of CAD$112,500 will be paid
Filing Documents
- form8-k.htm (8-K) — 48KB
- ex10-1.htm (EX-10.1) — 592KB
- ex99-1.htm (EX-99.1) — 17KB
- ex99-1_001.jpg (GRAPHIC) — 17KB
- 0001493152-25-006050.txt ( ) — 995KB
- cead-20250207.xsd (EX-101.SCH) — 4KB
- cead-20250207_def.xml (EX-101.DEF) — 29KB
- cead-20250207_lab.xml (EX-101.LAB) — 36KB
- cead-20250207_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 5KB
SIGNATURES
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. Dated February 12, 2025 CEA INDUSTRIES INC. By: /S/ Anthony K. McDonald Anthony K. McDonald, Chief Executive Officer