CEA Industries (NASDAQ: BNC) announced that its Stapled Warrants will begin trading on the Nasdaq Capital Market under ticker BNCWZ on April 15, 2026. The warrants were issued under a July 28, 2025 securities purchase agreement and governed by an August 5, 2025 warrant agreement.
A total of 49,504,988 Stapled Warrants are outstanding, each exercisable to purchase one share of common stock at an exercise price of $15.15 per share, exercisable through 5:00 p.m. New York City time on August 5, 2028. Additional terms will be included in the Form 8-A filed April 14, 2026.
Loading...
Loading translation...
Positive
49,504,988 warrants provide potential equity capital upon exercise
Listing on Nasdaq Capital Market under BNCWZ increases tradability and visibility
Negative
Exercise could result in dilution of up to 49,504,988 shares if all warrants are exercised
News Market Reaction – BNC
+3.64%
2 alerts
+3.64%Session close to close
$124.83MMarket Cap
0.2xRel. Volume
In the Apr 14 session, BNC gained 3.64%, reflecting a moderate positive market reaction.
Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
This announcement highlights Nasdaq listing of 49,504,988 Stapled Warrants with a $15.15 exercise pr...
Analysis
This announcement highlights Nasdaq listing of 49,504,988 Stapled Warrants with a $15.15 exercise price, extending CEA Industries’ capital-structure complexity. The stock recently traded at $2.75, well below both the strike and its $31.62 52-week high. In context of the prior $(106.6) million quarterly net loss and leadership changes, investors may watch warrant trading under ticker BNCWZ, exercise activity before August 5, 2028, and future earnings to gauge balance-sheet and dilution dynamics.
Key Figures
Warrant exercise price:$15.15 per shareStapled Warrants outstanding:49,504,988 warrantsWarrant expiry:5:00 p.m. NYT on August 5, 2028+5 more
8 metrics
Warrant exercise price$15.15 per shareStapled Warrants to purchase Common Stock
Stapled Warrants outstanding49,504,988 warrantsStapled Warrants listed under ticker BNCWZ
Warrant expiry5:00 p.m. NYT on August 5, 2028Stapled Warrants exercisable through this time
Par value per share$0.00001 per shareCommon Stock underlying the Stapled Warrants
Current stock price$2.75Pre-news price for BNC
52-week high$31.62BNC 52-week high prior to this news
Appointment of experienced CFO to support governance and digital asset strategy.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent corporate and governance news, including CFO and board changes plus a large loss-driven earnings report, often saw flat to negative next-day reactions, suggesting limited enthusiasm for updates not tied to clear operational upside.
Recent Company History
Over the past months, CEA Industries has focused on governance, capital structure, and its digital-asset-driven results. An 8-K earnings release on Mar 16, 2026 reported a net loss of $(106.6) million and EPS of $(2.00), with shares repurchased year-to-date. Board and CFO appointments on Feb 9 and Mar 10, plus inducement RSUs on Apr 8, framed a leadership transition amid activist pressure. Today’s listing of 49,504,988 Stapled Warrants on Nasdaq extends that capital-structure story without changing prior fundamentals.
Key Terms
warrants, exercise price, nasdaq capital market, registration statement on form 8-a, +2 more
6 terms
warrantsfinancial
"its Warrants to purchase shares of Common Stock, par value $0.00001 per share"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
"at an exercise price of $15.15 per share (the “Stapled Warrants”)"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
nasdaq capital marketfinancial
"will be listed and begin trading on the Nasdaq Capital Market under the ticker"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
registration statement on form 8-aregulatory
"set forth in the Company's Registration Statement on Form 8-A filed with"
A registration statement on Form 8‑A is a short filing that formally registers a class of securities with the U.S. Securities and Exchange Commission so those securities can be listed and traded under the Securities Exchange Act. It matters to investors because it triggers regular public reporting by the issuer and makes reliable company disclosures easier to find—like a vehicle being licensed to drive on public roads, which also requires periodic safety inspections and records.
securities purchase agreementfinancial
"originally issued pursuant to the Securities Purchase Agreement dated July 28, 2025"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
warrant agreementfinancial
"governed by a Warrant Agreement dated August 5, 2025, between the Company"
A warrant agreement is the legal document that lays out the rules for stock warrants — special certificates that let their holder buy company shares at a set price within a certain time. It explains how and when warrants can be exercised, transferred, changed, or canceled, and what happens to them if the company raises money or is sold; investors care because these terms affect potential future ownership, dilution of shares, and the real value of the warrants.
LOUISVILLE, CO, April 13, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: BNC) (“BNC” or the “Company”), today announced that its Warrants to purchase shares of Common Stock, par value $0.00001 per share, at an exercise price of $15.15 per share (the “Stapled Warrants”), will be listed and begin trading on the Nasdaq Capital Market under the ticker symbol "BNCWZ" on April 15, 2026. The Stapled Warrants were originally issued pursuant to the Securities Purchase Agreement dated July 28, 2025, and are governed by a Warrant Agreement dated August 5, 2025, between the Company and Continental Stock Transfer & Trust Company, as warrant agent. A total of 49,504,988 Stapled Warrants are outstanding, each entitling the holder to purchase one share of Common Stock at an exercise price of $15.15 per share, and the Stapled Warrants are exercisable through 5:00 p.m., New York City time, on August 5, 2028. Additional information regarding the Stapled Warrants, including the terms and conditions thereof, will be set forth in the Company's Registration Statement on Form 8-A filed with the Securities and Exchange Commission on April 14, 2026.
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.
When will CEA Industries’ Stapled Warrants (BNCWZ) begin trading on Nasdaq?
They will begin trading on April 15, 2026. According to the company, the listing follows the warrants' issuance under a July 28, 2025 securities purchase agreement and a warrant agreement dated August 5, 2025.
How many Stapled Warrants does CEA Industries (BNC) have outstanding and what is the exercise price?
There are 49,504,988 Stapled Warrants outstanding with an exercise price of $15.15 per share. According to the company, each warrant entitles the holder to purchase one share of common stock upon exercise.
What is the expiration date and exercise deadline for CEA Industries’ Stapled Warrants (BNCWZ)?
The warrants are exercisable through 5:00 p.m. New York City time on August 5, 2028. According to the company, that date and time are the final deadline for warrant exercise under the warrant agreement.
Where can investors find the detailed terms of CEA Industries’ Stapled Warrants (BNCWZ)?
Detailed terms will be set forth in the company's Form 8-A filed with the SEC on April 14, 2026. According to the company, the registration statement will include the full terms and conditions of the warrants.
How could the BNCWZ listing affect CEA Industries (BNC) shareholders?
The listing increases tradability for warrant holders and could lead to equity issuance if exercised. According to the company, up to 49,504,988 shares may be issued upon exercise at $15.15 per share, affecting share count if exercised.
