BNB Standard Corp

Snapshot

CEA Industries has pivoted from an industrial equipment maker into a treasury company holding 515,544 BNB tokens worth roughly $317M. FY2025 net income of $115.2M was driven almost entirely by a non-cash gain on warrants, not operations, while the company also booked a $130.3M unrealized loss on its crypto holdings.

What's Happening Right Now

• Fri 7th Aug '26 · Leadership: On Aug 7, 2026, the company hired Alex Odagiu as interim president via a consulting agreement and named CFO William B. Miller as interim principal executive officer while it searches for a permanent CEO to replace David Namdar.
• Wed 24th Jun '26 · Governance deal: On Jun 24, 2026, CEA Industries reached a Cooperation Agreement with shareholder YZi Labs, ending an activist campaign, expanding the board to six members with three YZi Labs nominees, and naming Alex Odagiu interim president while a CEO search continues.
• Tue 23rd Jun '26 · 10-K filing: The FY2026 10-K disclosed the company now holds 515,544 BNB tokens worth $317.3M (94.6% of total assets), a restatement of prior quarters, a lawsuit to void its asset manager agreement with 10X Capital, and a Nasdaq notice over a delayed annual meeting.
• Tue 23rd Jun '26 · Earnings: CEA Industries reported FY2026 net income of $115.2M, mostly from a $282.9M non-cash gain on warrants offsetting a $130.3M unrealized loss on its BNB holdings; it also repurchased 1.4 million shares for $3.8M.
• Wed 17th Jun '26 · Restatement: On Jun 17, 2026, the company disclosed it could not rely on prior quarterly financials due to errors in calculating weighted-average shares outstanding, which misstated EPS but did not affect revenue, net income, or cash flows.