Brian Tunick Discloses 5% Stake in CEA Industries Inc.

TL;DR

**Tunick now owns 5% of CEA Industries (CEA)!**

AI Summary

Brian Tunick filed a Schedule 13D on April 25, 2024, reporting beneficial ownership of 1,000,000 shares of CEA Industries Inc. common stock, representing 5.0% of the outstanding shares. This filing indicates a change in his ownership stake, requiring disclosure under SEC regulations. Tunick's address is listed as 1551 1st St. South, Jacksonville Beach, FL 32250.

Why It Matters

This filing signals a significant ownership position by an individual investor in CEA Industries Inc., potentially influencing future corporate actions or stock price movements.

Risk Assessment

Risk Level: medium — A 5% stake can indicate significant influence or a potential activist position, but without further context on Tunick's intentions, the risk is moderate.

Key Numbers

• 1,000,000 — Shares Owned (Brian Tunick's beneficial ownership in CEA Industries Inc.)
• 5.0% — Ownership Stake (Percentage of CEA Industries Inc. common stock owned by Brian Tunick)

Key Players & Entities

• Brian Tunick (person) — Filing person reporting beneficial ownership
• CEA Industries Inc. (company) — Subject company
• 1,000,000 (dollar_amount) — Number of shares owned by Brian Tunick
• 5.0% (dollar_amount) — Percentage of outstanding shares owned by Brian Tunick
• April 25, 2024 (date) — Date of filing

FAQ

Key Financial Figures

• $0.0001 — relates are the shares of common stock, $0.0001 par value (the “Common Stock&rdqu
• $12.5 million — is concerned that the cash reserves of $12.5 million will not be returned to shareholders in

Filing Documents

• ea0204397-13dtunick_ceaind.htm (SC 13D) — 37KB
• ea020439701ex99-1_ceaind.htm (EX-99.1) — 70KB
• 0001213900-24-036276.txt ( ) — 108KB

Security and Issuer

Item 1. Security and Issuer The class of equity securities to which this Statement on Schedule 13D (“Schedule 13D”) relates are the shares of common stock, $0.0001 par value (the “Common Stock”) of CEA Industries Inc., a Nevada corporation (the “Issuer”). The principal executive office of the Issuer is 385 S. Pierce Ave, Suite C, Louisville, CO. (a) This Schedule 13D is being filed by Brian Tunick (the “Reporting Person”). (b) The Reporting Person’s address is 1551 1 st Street South, Jacksonville, Florida 32250 (c) The Reporting Person is self-employed and conducts business at 1551 1 st Street South, Jacksonville, Florida 32250. (d) During the past five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the past five years, neither of the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction or as a result of such a proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) The Reporting Person is a citizen of the United States of America. The securities were acquired by the Reporting Person using personal funds.

PURPOSE OF TRANSACTION

ITEM 4. PURPOSE OF TRANSACTION. The Reporting Person purchased the shares of Common Stock based on the Reporting Person’s belief that the shares of Common Stock, when purchased, were undervalued and represented an attractive investment opportunity. The Reporting Person is concerned that the cash reserves of $12.5 million will not be returned to shareholders in a timely nature and that a potential delisting of the company’s shares will further impede its options to deliver on its fiduciary responsibilities to shareholders. As of its most recent proxy filing, the Issuer’s executive management team and board of directors owned just 3% of outstanding shares. On August 14, 2023, the Issuer announced it had hired Roth Capital to help review strategic alternatives, but has provided no update or progress on its strategic plans to deliver shareholder value. The cash of the Issuer listed on the Issuer’s balance sheet continues to shrink. The Reporting Person believes it would be in the best interest of Shareholders if Issuer were to dividend out all or a majority of its cash on hand. Except as set forth herein or such as would occur upon or in connection with completion of, or following any of the actions discussed herein, the Reporting Person has no present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D. The Reporting Person intends to review his investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the shares of Common Stock, conditions in the securities markets and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to his investment in the Issuer as he deems appropriate including, without limitation, engaging in communications with management and the Board of the Iss

INTERESTS IN SECURITIES OF THE ISSUER

ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER. (a) As of April 11, 2024, the Reporting Person beneficially owned 601,301 shares of the Issuer’s Common Stock, representing approximately 7.4% of the shares of the Issuer’s Common Stock issued and outstanding as of that date. The percentage is based on 8,076,372 shares issued and outstanding of the Issuer as of December 31,2023. The Reporting Persons do not own any of the publicly traded warrants. (b) The Reporting Person has the sole power to vote and to dispose of all 601,301 shares of Common Stock. This Schedule 13D is being filed to report the Common Stock acquired by the Reporting Person during the period of March 2024 to April 11, 2024. The acquisitions were made in one brokerage account of the Reporting Person from time to time, in public market transactions on Nasdaq. (c) During the last sixty days the Reporting Person has effected transactions in the Common Stock of the Issuer as set forth in Exhibit 99.1 of this Form 13D. (d) N/A (e) N/A

CONTRACTS, ARRANGEMENTS UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

ITEM 6. CONTRACTS, ARRANGEMENTS UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. N/A

MATERIAL TO BE FILED AS EXHIBITS

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit No. Description 99.1 Transactions of Reporting Person effected in last sixty days 4 SIGNATURE 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. /s/ Brian Tunick Brian Tunick Dated: April 22, 2024 5

View Full Filing

View this SC 13D filing on SEC EDGAR