111 Equity Group Amends CEA Industries Stake
Sentiment: neutral
Topics: schedule-13d, amendment, beneficial-ownership
Related Tickers: CEA
TL;DR
111 Equity Group just updated their CEA Industries (CEA) filing - watch this space.
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 concerning CEA Industries Inc. The filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. This amendment updates previous filings regarding their stake in CEA Industries Inc., formerly known as Surna Inc.
Why It Matters
This filing signals a potential shift in control or influence over CEA Industries Inc. by 111 Equity Group and its associates, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing uncertainty for investors.
Key Players & Entities
- 111 Equity Group LLC (company) — Filer of the Schedule 13D/A
- CEA Industries Inc. (company) — Subject company
- Rochel M. Kassirer (person) — Group member filing the Schedule 13D/A
- Chaim Herzog (person) — Group member filing the Schedule 13D/A
- Surna Inc. (company) — Former name of CEA Industries Inc.
FAQ
What specific changes in beneficial ownership are reported in this amendment?
This excerpt does not detail the specific changes in beneficial ownership, only that an amendment to the Schedule 13D was filed on June 28, 2024.
Who are the group members filing this Schedule 13D/A?
The group members 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.
When was CEA Industries Inc. formerly known as?
CEA Industries Inc. was formerly known as Surna Inc., with a name change date of January 28, 2010.
What is the business address of CEA Industries Inc.?
The business address of CEA Industries Inc. is 1780 55th Street, Suite C, Boulder, CO 80301.
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