111 Equity Group Amends CEA Industries Stake
Ticker: BNCWW · Form: SC 13D/A · Filed: Jun 28, 2024 · CIK: 1482541
| Field | Detail |
|---|---|
| Company | Cea Industries Inc. (BNCWW) |
| Form Type | SC 13D/A |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: CEA
TL;DR
111 Equity Group updated their CEA Industries filing - ownership change incoming.
AI Summary
On June 28, 2024, 111 Equity Group LLC, along with Rochel M. Kassirer and Chaim Herzog, filed an amendment to their Schedule 13D for CEA Industries Inc. This filing indicates a change in their beneficial ownership of the company's common stock. The filing does not disclose specific share counts or dollar amounts but signifies an update to their holdings.
Why It Matters
This amendment signals a potential shift in control or influence over CEA Industries Inc. by major shareholders, which could impact the company's strategic direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty.
Key Players & Entities
- 111 Equity Group LLC (company) — Filing entity
- CEA Industries Inc. (company) — Subject company
- Rochel M. Kassirer (person) — Filing entity group member
- Chaim Herzog (person) — Filing entity group member
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The filing is an amendment to a Schedule 13D and indicates a change in beneficial ownership, but the specific details of the changes (e.g., number of shares, percentage) are not provided in the provided text excerpt.
When was this amendment filed?
This amendment was filed on June 28, 2024.
Who are the primary entities filing this amendment?
The primary entities filing are 111 Equity Group LLC, Rochel M. Kassirer, and Chaim Herzog.
What is the subject company of this filing?
The subject company is CEA Industries Inc.
What was the former name of CEA Industries Inc.?
The former name of CEA Industries Inc. was Surna Inc., with a date of name change on January 28, 2010.
Filing Stats: 1,562 words · 6 min read · ~5 pages · Grade level 13.6 · Accepted 2024-06-28 16:01:56
Filing Documents
- d860752dsc13da.htm (SC 13D/A) — 63KB
- d860752dex993.htm (EX-99.3) — 13KB
- 0001193125-24-172224.txt ( ) — 77KB
of the Schedule 13D is hereby amended to add the following
Item 4 of the Schedule 13D is hereby amended to add the following: On June 26, 2024, 111 Equity Group, one of the Reporting Persons, entered into an Agreement for Use and Non-Disclosure of Proprietary Information (the NDA) with the Issuer pursuant to which each party agreed to keep confidential non-public and/or propriety information that may be received by the other party for the purpose of conducting business together. The NDA will expire on June 26, 2026 unless earlier terminated by either party. The foregoing description is qualified in its entirety by reference to the NDA, a copy of which is filed as Exhibit 99.3 herewith. Item6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
of the Schedule 13D is hereby amended to add the following
Item 6 of the Schedule 13D is hereby amended to add the following: The disclosure included in Item 4 is incorporated by reference into this Item 6 as if included herein. Item7. Material to Be Filed as Exhibits Item 7 of the Schedule 13D is hereby amended to add the following : Exhibit 99.3* Agreement for Use and Non-Disclosure of Propriety Information * Filed herewith. 5
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: June 28, 2024 /s/ Rochel M. Kassirer Rochel M. Kassirer /s/ Chaim Herzog Chaim Herzog 111 EQUITY GROUP LLC /s/ Chaim Herzog BY: Chaim Herzog ITS: Manager 6