Form 8-K

8-K — CEA Industries Inc.

Accession: 0001493152-26-015896

Filed: 2026-04-09

Period: 2026-04-06

CIK: 0001482541

SIC: 0700 (AGRICULTURE SERVICES)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-10.9 (ex10-9.htm)

EX-99.1 (ex99-1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: form8-k.htm · Sequence: 1

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0001482541

2026-04-06

0001482541

BNC:CommonStockParValue0.00001Member

2026-04-06

0001482541

BNC:WarrantsToPurchaseCommonStockMember

2026-04-06

0001482541

BNC:PreferredStockPurchaseRightsMember

2026-04-06

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT PURSUANT TO SECTION 13 OR 15(d)

THE SECURITIES EXCHANGE ACT OF 1934

Date

of Report (Date of earliest event reported): April 6, 2026

CEA

INDUSTRIES INC.

(Exact

name of registrant as specified in its charter)

Nevada

001-41266

27-3911608

(State

or other jurisdiction of

(Commission

(IRS

Employer

incorporation

or organization)

File

Number)

Identification

No.)

385

South Pierce Avenue, Suite C

Louisville,

Colorado 80027

(Address

of principal executive office) (Zip Code)

(303)

993-5271

(Registrants’

telephone number, including area code)

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:

☐

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:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock, par value $0.00001

BNC

Nasdaq

Capital Market

Warrants

to purchase Common Stock

BNCWW

Nasdaq

Capital Market

Preferred

stock purchase rights

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 ☐

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

5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of

Certain Officers.

previously disclosed on the Company’s Current Report on Form 8-K filed on March 12, 2026, the Board of Directors (the “Board”)

of CEA Industries Inc. (the “Company”) appointed William B. Miller as the Company’s Chief Financial Officer, effective

March 9, 2026. Pursuant to Mr. Miller’s Employment Agreement, Mr. Miller was entitled to receive a grant of restricted stock units

with a grant date fair value of $1,000,000 as an inducement to accept employment with the Company.

April 6, 2026, the Board approved the CEA Industries Inc. 2026 Inducement Plan (the “Inducement Plan”)

and authorized the grant of restricted stock units (“RSUs”) to Mr. Miller as a material inducement to entering into employment

with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The Inducement Plan provides for the issuance of up to 1,000,000

shares of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), through equity awards to eligible

new employees of the Company or its related entities as a material inducement to entering into employment with the Company.

The

RSU grant to Mr. Miller consisted of time-based RSUs for an aggregate of 363,636 shares of Common Stock, with 25% vesting on the first

anniversary of the grant date and the remainder vesting in equal quarterly installments through the fourth anniversary of the grant date,

subject to Mr. Miller’s continued service with the Company through each applicable vesting date. The RSUs are subject to the terms

and conditions of the Inducement Plan and a Restricted Stock Unit Award Agreement between the Company and Mr. Miller, dated April 6,

2026 (the “RSU Award Agreement”).

Under

the RSU Award Agreement, upon termination without Cause or resignation for Good Reason (each as defined in the Inducement Plan), Mr.

Miller will vest in a pro-rata portion of the RSUs based on days of service through the termination date divided by the total days in

the applicable vesting period. Upon death or Disability (as defined in the Inducement Plan), the RSUs will vest in full. In the event

of termination for Cause or breach of any written restrictive covenant agreement, all RSUs will terminate and be cancelled immediately.

The RSUs will also become fully vested upon a qualifying termination (without Cause or for Good Reason) within twelve (12) months following

a Change in Control (as defined in the Inducement Plan). The RSUs are further subject to clawback and recoupment provisions, including

any compensation recovery policy adopted by the Company to comply with applicable law, including Section 10D of the Exchange Act.

The

foregoing descriptions of the Inducement Plan and the RSU Award Agreement are qualified in their entirety by reference to the full text

of the Inducement Plan and the Form of RSU Award Agreement, copies of which are attached hereto as Exhibit 10.8 and Exhibit 10.9,

respectively, and incorporated herein by reference.

Item

8.01. Other Events.

April 8, 2026, the Company issued a press release announcing the inducement grant of RSUs to Mr. Miller under the Inducement Plan as

reported under Item 5.02 above. A copy of this press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated

herein by reference.

Item

9.01 Financial Statements and Exhibits

(d)

Exhibits.

Exhibit

No.

Description

10.8

CEA Industries Inc. 2026 Inducement Plan (incorporated by reference to Exhibit 10.1 to the Registration Statement on Form S-8, filed April 8, 2026).

10.9

Form of Restricted Stock Unit Award Agreement under the CEA Industries Inc. 2026 Inducement Plan.

99.1

Press Release, dated April 8, 2026

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document).

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 thereunto duly authorized.

Dated:

April 9, 2026

CEA

INDUSTRIES INC.

By:

/s/

David Namdar

Name:

David

Namdar

Title:

Chief

Executive Officer

EX-10.9

Filename: ex10-9.htm · Sequence: 2

Exhibit 10.9

CEA

INDUSTRIES

2026 INDUCEMENT PLAN

RESTRICTED

STOCK UNIT AWARD AGREEMENT

THIS

RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made effective as of [●] (the “Grant Date”)

by and between CEA Industries Inc., a Nevada corporation (the “Company”), and [●] (the “Participant”),

pursuant to the CEA Industries Inc. 2026 Inducement Plan, as in effect and as amended from time to time (the “Plan”).

Capitalized terms that are not defined herein shall have the meanings given to such terms in the Plan.

WHEREAS,

the Company has adopted the Plan in order to grant Awards from time to time to Employees of the Company or Related Entities; and

WHEREAS,

the Participant is an Employee as contemplated by the Plan, and the Administrator has determined that it is in the interest of the Company

to make this grant to the Participant.

NOW,

THEREFORE, in consideration of the premises and subject to the terms and conditions set forth herein and in the Plan, the parties hereto

agree as follows:

Grant and Vesting of Restricted Stock Units.

(a)

Shares Subject to Award. As of the Grant Date, the Participant will be credited with [●] Restricted Stock Units. Each Restricted

Stock Unit is a notional amount that represents the right to receive one Share of the Company, subject to the terms and conditions of

the Plan and this Agreement, if and when the Restricted Stock Unit vests.

(b)

Vesting. The Restricted Stock Units shall vest as follows, subject to the Participant’s Service through each applicable

vesting date: [twenty-five percent (25%) of the Restricted Stock Units shall vest on the one (1) year anniversary of the Grant Date,

with the remaining Restricted Stock Units vesting in equal quarterly installments thereafter through the four (4) year anniversary of

the Grant Date]. Notwithstanding anything herein to the contrary, no Restricted Stock Unit shall vest prior to the date on which a registration

statement on Form S-8 with respect to the Shares has been filed. For purposes of this Award, “Service” means the Participant’s

Continuous Service (as defined in the Plan).

Rights as a Stockholder; Dividend Equivalents.

(a)

Unless and until a Restricted Stock Unit has vested and the Share underlying it has been distributed to the Participant, the Participant

will not be entitled to vote in respect of that Restricted Stock Unit or that Share.

(b)

If the Company declares a cash dividend on its Shares, then, on the payment date of the dividend, the Participant will be credited with

dividend equivalents equal to the amount of cash dividend per Share multiplied by the number of Restricted Stock Units credited to the

Participant through the record date. The dollar amount credited to the Participant under the preceding sentence will be credited to an

account (“Account”) established for the Participant for bookkeeping purposes only on the books of the Company. The

balance in the Account will be subject to the same terms regarding vesting and forfeiture as the Participant’s Restricted Stock

Units awarded under this Agreement, and will be paid in cash in a single sum at the time that the Shares associated with the Participant’s

Restricted Stock Units are delivered (or forfeited at the time that the Participant’s Restricted Stock Units are forfeited).

Termination of Service; Breach of Restrictive Covenants.

(a)

Unvested Portion Forfeited. Any portion of the Restricted Stock Units that is not vested as of the date of the Participant’s

termination of Service shall terminate and be cancelled immediately upon such termination.

(b)

Termination without Cause or for Good Reason. In the event that the Participant’s Service is terminated by the Company without

Cause or by the Participant for Good Reason, the Participant shall vest in a pro-rata portion of the Restricted Stock Units based on

the number of days of Service through the date of termination divided by the number of days in the applicable vesting period in which

the termination occurs. Any remaining unvested Restricted Stock Units shall be forfeited and cancelled as of the date of termination.

(c)

Termination due to Death or Disability. The Restricted Stock Units shall vest in full upon the Participant’s death or Disability

prior to the termination of the Participant’s Service.

(d)

Termination for Cause; Breach of Restrictive Covenants. In the event that (i) the Participant’s Service terminates for Cause

or (ii) the Participant breaches any written restrictive covenant agreement with the Company or a Subsidiary or Affiliate thereof (whether

prior to or after the termination of the Participant’s Service), all Restricted Stock Units held by the Participant, whether vested

or unvested, shall terminate and be cancelled immediately upon such termination of Service.

(e)

Other Termination of Service. In the event that the Participant’s Service terminates for any reason other than as described

in Section 3(b), 3(c) or 3(d), any then-vested Restricted Stock Units shall remain outstanding and shall be paid out in accordance with

their terms. All unvested Restricted Stock Units shall be forfeited immediately upon such termination of Service, and the Participant

shall have no further rights with respect to such forfeited Restricted Stock Units.

Settlement. Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place, subject

to the satisfaction of applicable tax obligations, including, without limitation, the Company’s right to effect a mandatory “sell

to cover” transaction on the Participant’s behalf in accordance with Section 5 of this Agreement and Section 16 of the Plan.

Delivery of the Share will be made as soon as administratively feasible following the vesting of the associated Restricted Stock Unit,

but in no case later than two and a half (2.5) months following the year in which the applicable vesting date occurred. Shares will be

credited to an account established for the benefit of the Participant with the Company’s administrative agent. The Participant

will have full legal and beneficial ownership of the Shares at that time.

Tax Withholding; Authorization of Mandatory Sale to Satisfy Tax Obligation. The Company or any Affiliate thereof shall, in

accordance with Section 9(d) of the Plan, have the power to withhold, or require the Participant to remit to the Company or such Affiliate

thereof, cash or Shares that are distributable to the Participant with respect to the Restricted Stock Units in an amount sufficient

to satisfy the federal, state, and local withholding tax requirements, both domestic and foreign, relating to such transaction, and the

Company or such Affiliate thereof may defer payment of cash or issuance of Shares until such requirements are satisfied; provided, however,

that such amount may not exceed the maximum statutory withholding rate. Without limiting the foregoing or the Company’s rights

to satisfy withholding obligations as described under Section 9(d) of the Plan, and notwithstanding anything to the contrary in this

Agreement, the Participant hereby authorizes the Company to satisfy the applicable tax withholding or remittance requirements by arranging,

on the Participant’s behalf, a mandatory sale (a “sell to cover” transaction) of a number of Shares issuable in respect

of the Restricted Stock Units sufficient to satisfy such applicable tax obligation and collecting and retaining the proceeds of such

mandatory sale for remittance to the appropriate tax or other governmental authority.

Nontransferability of the Awards. The Restricted Stock Units granted hereunder may not be sold, transferred, pledged, assigned,

encumbered or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution or, on such terms and

conditions as the Administrator shall establish, to a permitted transferee.

Beneficiary Designation. The Participant may from time to time name any beneficiary or beneficiaries (who may be named contingently

or successively) by whom any right under the Plan and this Agreement is to be exercised in case of his or her death. Each designation

will revoke all prior designations by the Participant, shall be in a form reasonably prescribed by the Administrator, and will be effective

only when filed by the Participant in writing with the Administrator during his or her lifetime.

Adjustments. The Shares subject to the Restricted Stock Units may be adjusted in any manner as contemplated by Section 9(c)

of the Plan.

Requirements of Law. The issuance of Shares following vesting of the Restricted Stock Units shall be subject to all applicable

laws, rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.

No Shares shall be issued upon vesting of any portion of the Restricted Stock Units granted hereunder if such issuance would result in

a violation of applicable law, including the U.S. federal securities laws and any applicable state or foreign securities laws.

10.

No Guarantee of Continued Service. Nothing in the Plan or in this Agreement shall interfere with or limit in any way the right

of the Company or an Affiliate thereof to terminate the Participant’s Service at any time or confer upon the Participant any right

to continued Service.

11.

No Rights as a Stockholder. Except as provided in Section 2 above or as otherwise required by law, the Participant shall not

have any rights as a stockholder with respect to any Shares covered by the Restricted Stock Units granted hereunder prior to the date

on which he or she is recorded as the holder of those Shares on the records of the Company.

12.

Interpretation; Construction. Any determination or interpretation by the Administrator under or pursuant to this Agreement

shall be final and conclusive on all persons affected hereby. Except as otherwise expressly provided in the Plan, in the event of a conflict

between any term of this Agreement and the terms of the Plan, the terms of the Plan shall control.

13.

Amendments. The Administrator may, in its sole discretion, at any time and from time to time, alter or amend this Agreement

and the terms and conditions of any unvested Restricted Stock Unit, in whole or in part, including without limitation, amending the criteria

for vesting set forth in Section 1 hereof or substituting alternative vesting criteria; provided that such alteration, amendment, suspension

or termination shall not adversely alter or impair the rights of the Participant to the Restricted Stock Unit without the Participant’s

consent. The Company shall give written notice to the Participant of any such alteration or amendment of this Agreement as promptly as

practicable after the adoption thereof. This Agreement may also be amended by a writing signed by both the Company and the Participant.

14.

Erroneously Awarded Compensation. Notwithstanding any provision of the plan or in this Agreement to the contrary and in consideration

of receiving this Award, the Restricted Stock Units (including the gross amount of any proceeds, gains or other economic benefit the

Participant actually or constructively receives upon receipt of this Award, or the receipt or resale of any shares of Common Stock underlying

this Award or any other amounts or benefits as required by applicable law) shall be forfeited and/or clawed back, as determined by the

Administrator, upon the breach by the Participant of any restrictive covenants, or obligations of nondisparagement or confidentiality

owed by the Participant to the Company or any of its Affiliates; such Award or the receipt or resale of any shares of Common Stock underlying

this Award, and any proceeds, gains or other economic benefit thereto shall also be subject to any compensation recovery and/or recoupment

policy that may be adopted and amended from time to time by the Company to comply with applicable law, including, without limitation,

Section 10D of the Exchange Act, any applicable rules or regulations promulgated by the Securities and Exchange Commission or any national

securities exchange or national securities association on which Shares may be traded, or to comport with good corporate governance practices,

as such policies may be amended from time to time. Any such policy may subject a Participant’s Award and amounts paid or realized

with respect to Awards granted hereunder to reduction, cancelation, forfeiture or recoupment if certain specified events or wrongful

conduct occur, including an accounting restatement due to the Company’s material noncompliance with financial reporting regulations

or other events or wrongful conduct specified in any such clawback policy, as may be amended from time to time.

15.

Miscellaneous.

(a)

Notices. All notices, requests, demands, letters, waivers and other communications required or permitted to be given under this

Agreement shall be in writing and shall be deemed to have been duly given if delivered personally, emailed, mailed (certified or registered

mail with postage prepaid), sent by next-day or overnight mail or delivery, or sent by facsimile, as follows:

(i)

If to the Company:

385

S. Pierce Avenue, Suite C

Louisville, Colorado 80027

Attn: Chief Executive Officer

(ii)

If to the Participant, to the Participant’s last known home address, or to such other address as any party shall specify by notice

in writing to the Company.

All

such notices, requests, demands, letters, waivers and other communications shall be deemed to have been received (v) if by personal delivery

on the day after such delivery, (w) if by certified or registered mail, on the fifth business day after the mailing thereof, (x) if by

next-day or overnight mail or delivery, on the date delivered, (y) if by facsimile, on the day sent, provided confirmation of transmission

is received; and (z) if by email, on the date sent, provided that no automated bounce-back or failure notice is received.

(b)

Binding Effect; Benefits. This Agreement shall be binding upon and inure to the benefit of the parties to this Agreement and their

respective successors and assigns. Nothing in this Agreement, express or implied, is intended or shall be construed to give any person

other than the parties to this Agreement or their respective successors or assigns any legal or equitable right, remedy or claim under

or in respect of any agreement or any provision contained herein.

(c)

No Guarantee of Future Awards. This Agreement does not guarantee the Participant the right to or expectation of future Awards

under the Plan or any future plan adopted by the Company.

(d)

Waiver. No waiver of any provision of this Agreement will constitute or be deemed to constitute a waiver of any other provision

of this Agreement, nor will any such waiver constitute a continuing waiver unless otherwise expressly provided.

(e)

Entire Agreement. This Agreement, together with the Plan, constitutes the entire obligation of the parties with respect to the

subject matter of this Agreement and supersedes any prior written or oral expressions of intent or understanding with respect to such

subject matter (provided, that this Agreement shall not supersede any written employment agreement or other written agreement between

the Company and the Participant, including, but not limited to, any written restrictive covenant agreements).

(f)

Severability. If any provision of this Agreement or the application of any such provision to any party or circumstances shall

be determined by any court of competent jurisdiction to be invalid and unenforceable to any extent, the remainder of this Agreement or

the application of such provision to such person or circumstances other than those to which it is so determined to be invalid and unenforceable,

shall not be affected thereby, and each provision hereof shall be validated and shall be enforced to the fullest extent permitted by

law.

(g)

Code Section 409A Compliance. The Restricted Stock Units are intended to be exempt from or comply with the requirements of Code

Section 409A and this Agreement shall be interpreted accordingly. Notwithstanding any provision of this Agreement, to the extent that

the Administrator determines that any portion of the Restricted Stock Units granted under this Agreement is subject to Code Section 409A

and fails to comply with the requirements of Code Section 409A, notwithstanding anything to the contrary contained in the Plan or in

this Agreement, the Administrator reserves the right to amend, restructure, terminate or replace such portion of the Restricted Stock

Units in order to cause such portion of the Restricted Stock Units to either not be subject to Code Section 409A or to comply with the

applicable provisions of such section.

(h)

Applicable Law. This Agreement shall be governed by and construed in accordance with the law of the State of Nevada, regardless

of the law that might be applied under principles of conflict of laws.

(i)

Waiver of Jury Trial. Each of the parties hereto hereby irrevocably waives all rights to trial by jury in any action, proceeding

or counterclaim arising out of or relating to this Agreement.

(j)

Section and Other Headings. The section and other headings contained in this Agreement are for reference purposes only and shall

not affect the meaning or interpretation of this Agreement.

(k)

Counterparts; Electronic Signature. This Agreement may be executed in any number of counterparts, each of which shall be deemed

to be an original and all of which together shall be deemed to be one and the same instrument. The facsimile, email, or other electronically

delivered signatures of the parties shall be deemed to constitute original signatures, and facsimile or electronic copies hereof shall

be deemed to constitute duplicate originals.

(l)

Electronic Acceptance and Delivery. The Participant hereby acknowledges receipt of a copy of the Plan and this Agreement. The

Participant has read and understands the terms and provisions thereof and accepts the Restricted Stock Units subject to all of the terms

and conditions of the Plan and this Agreement. Notwithstanding anything in this Agreement or in the Plan to the contrary, the Administrator

hereby reserves the right, in its sole discretion, to terminate or cancel the Restricted Stock Units if the Participant fails to accept

this Agreement on or prior to sixty (60) days from the Grant Date. By executing this Agreement, the Participant hereby consents to the

delivery of information (including information required to be delivered to the Participant pursuant to applicable securities laws) regarding

the Company, the Plan, the Restricted Stock Units and the Shares via Company web site or other electronic delivery.

[Signature

Page Follows]

WITNESS WHEREOF, the Company and the Participant have duly executed this Agreement as of the date first above written.

CEA INdustries

INc.

By:

Name:

David Namdar

Title:

Chief Executive Officer

PARTICIPANT

Name: [●]

[Signature

Page to RSU Award Agreement]

EX-99.1

Filename: ex99-1.htm · Sequence: 3

Exhibit 99.1

CEA

Industries Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

LOUISVILLE,

CO, April 8, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: BNC) (“BNC” or the “Company”), today announced

that its Board of Directors approved the granting of restricted stock units (“RSUs”) to Brent Miller, the Company’s

newly appointed Chief Financial Officer (effective March 9, 2026), pursuant to the CEA Industries Inc. 2026 Inducement Plan (the “Inducement

Plan”). The RSUs were granted as an inducement to Mr. Miller entering into employment with the Company in accordance with Nasdaq

Listing Rule 5635(c)(4).

The

Inducement Plan is used exclusively to grant equity awards to individuals who were not previously employees of BNC, or who have completed

a bona fide period of non-employment, as a material inducement to entering into employment with BNC, pursuant to Nasdaq Listing

Rule 5635(c)(4).

The

RSU grant consisted of time-based RSUs for an aggregate of 363,636 shares of BNC’s common stock, with twenty-five percent (25%)

vesting on the first (1st) anniversary of the date of grant, and the remaining seventy-five percent (75%) vesting in equal quarterly

installments through the fourth (4th) anniversary of the date of grant. Vesting is subject to Mr. Miller’s continued employment

with BNC as of each vesting date. The RSUs are subject to the terms and conditions of the Inducement Plan and the terms and conditions

of an RSU award agreement covering the grant.

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 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. 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

that 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, including 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. 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 are qualified in their entirety by cautionary statements and risk factor disclosures

contained in BNC’s filings with the SEC. 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.

CEA

Industries Media Inquiries:

Edelman

Smithfield

CEA@edelmansmithfield.com

CEA

Industries Investor Relations:

james@haydenir.com

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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Address Line 2 such as Street or Suite number

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Name of the City or Town

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Code for the postal or zip code

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- Definition

Name of the state or province.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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