BNC$4.93+5.01%
BNB Standard Corp
Sector: Finance ServicesIndustry: Industrial - MachineryCountry: USExchange: Nasdaq
Mkt Cap:$240.21M
Float & O/S:
Inst Own:
DilutionScan read 39 of BNB Standard Corp's SEC filings and found 7 warrant series, 1 convertible, 1 ATM program, 3 shelf registrations and 1 completed offering on file for BNC. The latest dilution event on file is ATM sales on Jul 31, 2026. Analysis updated Oct 31, 2026.
Signal8 Summary
BNC
BNB treasury proxy amid governance churn
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
- : 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.
- : 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.
- : 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.
- : 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.
- : 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.
