CEA Industries Inc.
For the period ended Jan 31, 2026. Filed Mar 16, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2026 · Filed Mar 16, 2026
Contents
Cautionary Statement
This Quarterly Report on Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2, contains forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are not historical fact but are based on current management expectations that involve substantial risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements. Forward-looking statements relate to future events or our future financial performance. We generally identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar words. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements including, but not limited to, any projections of revenue, gross profit, earnings or loss, tax provisions, cash flows or other financial items; any statements of the plans, strategies or objectives of management for future operations; any statements regarding current or future macroeconomic or industry-specific trends or events and the impact of those trends and events on us or our financial performance; any statements regarding pending investigations, legal claims or tax disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing.
Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about: about our digital asset treasury strategy, our expectations regarding the market price and adoption of BNB, the native utility token of the Binance ecosystem, a community-driven, decentralized blockchain network originally initiated by the Binance exchange, the regulatory environment applicable to digital assets, our ability to manage risks associated with holding digital assets, and statements about:
| ● | the Company’s digital asset treasury strategy, including expectations regarding the acquisition, holding, and potential disposition of BNB and other digital assets; |
| ● | the long-term growth, adoption, and value of the Binance ecosystem and BNB tokens; |
| ● | the Company’s ability to maintain or grow its position as a significant holder of BNB; |
| ● | the volatility of digital asset prices, including BNB, and the impact of such volatility on the Company’s financial condition and results of operations; |
| ● | the regulatory environment for digital assets, including potential classification of digital assets as securities and the impact of regulatory developments on the Company’s digital asset holdings and operations; |
| ● | the liquidity of digital assets, including the Company’s ability to convert digital assets to fiat currency on acceptable terms; |
| ● | the performance of the Company’s operating businesses, including the Fat Panda retail vaping operations and our climate control systems segment; |
| ● | the Company’s ability to remediate material weaknesses in internal control over financial reporting. |
Forward-looking statements in this Quarterly Report also include statements regarding: the effects of the shareholder rights agreement on potential change of control transactions; the Company’s liquidity and capital resources; the Company’s ability to fund operations from its digital asset holdings; expectations regarding custodial and counterparty risks associated with third-party exchanges; the integration and performance of the Fat Panda acquisition; and other factors that could cause actual results to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company.
These factors should not be construed as exhaustive and should be read with the other cautionary statements in this report.
Although we believe that we use reasonable assumptions for these forward-looking statements, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this Quarterly Report on Form 10-Q should not be regarded as a representation by us that our plans and objectives will be achieved. These risks and uncertainties include those described or identified in “Item 1A – Risk Factors” in our Transitional Annual Report on Form 10-KT for the four months ended April 30, 2025 and in Part II, Item 1A of this Quarterly Report on Form 10-Q, as updated from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Quarterly Report on Form 10-Q. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, to reflect events or circumstances occurring after the date of this Quarterly Report on Form 10-Q. The forward-looking statements and projections contained in this Quarterly Report on Form 10-Q are intended to be within the meaning of “forward-looking statements” in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
ii
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.