CEA Industries Stapled Warrants to Begin Trading on Nasdaq Capital Market

CEA Industries (NASDAQ: BNC) announced that its Stapled Warrants will begin trading on the Nasdaq Capital Market under ticker BNCWZ on April 15, 2026.

Rhea-AI Summary

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.

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

Argus Apr 14 session

+3.64% close to close 0.7x rel. volume Open Argus

Details

News Market Reaction – BNC

On Apr 14, the first trading day after this news, BNC closed 3.64% above the previous close.

Data tracked by StockTitan Argus for the Apr 14 session.

Key Figures

Warrant exercise price: $15.15 per share Stapled Warrants outstanding: 49,504,988 warrants Warrant expiry: 5:00 p.m. NYT on August 5, 2028 +5 more

Warrant exercise price

$15.15 per share

Stapled Warrants to purchase Common Stock

Stapled Warrants outstanding

49,504,988 warrants

Stapled Warrants listed under ticker BNCWZ

Warrant expiry

5:00 p.m. NYT on August 5, 2028

Stapled Warrants exercisable through this time

Par value per share

$0.00001 per share

Common Stock underlying the Stapled Warrants

Current stock price

$2.75

Pre-news price for BNC

52-week high

$31.62

BNC 52-week high prior to this news

Net loss

$(106.6 million)

Fiscal Q3 2026 earnings

EPS

$(2.00)

Fiscal Q3 2026 earnings

Historical Context

5 past events · Latest: Apr 08

5 events

1. Apr 08

   Inducement RSUs, CFO

   24h Move

   -1.5%

   Inducement RSUs and confirmation of new CFO under Nasdaq Rule 5635(c)(4).

2. Mar 26

   AMA renegotiation update

   24h Move

   -6.6%

   Update on status of renegotiation of asset management agreement with 10X Capital.

3. Mar 24

   Consent request deemed deficient

   24h Move

   +0.9%

   Board found YZi Labs’ consent solicitation record-date request deficient under bylaws.

4. Mar 16

   Q3 earnings, CEO transition

   24h Move

   -0.9%

   Reported large net loss and EPS driven by unrealized BNB loss plus CEO transition.

5. Mar 10

   New CFO appointment

   24h Move

   -4.8%

   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.

Key Terms

warrants, exercise price, nasdaq capital market, registration statement on form 8-a, +2 more

6 terms

warrants financial

"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.

View in glossary

exercise price financial

"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 market financial

"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-a regulatory

"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 agreement financial

"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 agreement financial

"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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.

CEA Industries Media Inquiries:
Edelman Smithfield
CEA@edelmansmithfield.com

CEA Industries Investor Relations:
james@haydenir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.