CEA INDUSTRIES REPORTS Q3 2026 LOSS OF $106.6M DUE TO BNB PRICE DECLINE

• CEA Industries Inc. posted a Q3 2026 net loss of $106.6 million, driven by a 28% decline in the market price of BNB.
• The company's BNB holdings account for most of its total assets, with the price drop leading to an unrealized loss of $159.8 million.
• CEA Industries executed a share repurchase program, acquiring 2,176,217 shares of its common stock during the nine-month period ending January 31, 2026.

The net loss reflects broader market conditions affecting digital assets, with BNB's price falling from $1,089 to $781 during the quarter. The company emphasized that its debt-free capital structure provided structural resilience amid the price decline.

CEA Industries remains committed to its BNB treasury strategy, aiming to deepen its position as the largest corporate BNB treasury. This strategy includes ongoing opportunistic share repurchases and discussions to renegotiate the terms of its Asset Management Agreement with 10X Capital Management to reduce management fees for shareholders.

What triggered the CEO transition at CEA Industries?

CEO David Namdar is transitioning from his role by August 31, 2026, under a board-approved succession plan. The Board has initiated a search process to identify a new CEO and is engaging an executive recruiting firm.

Namdar will continue to assist with the leadership transition until his departure. The company has appointed Brent Miller as CFO, bringing over 20 years of financial leadership experience across fintech, real estate, and investment management.

How is CEA Industries enhancing corporate governance?

The Board has added new independent directors and reconstituted all committees to strengthen governance and accountability. These changes are part of broader initiatives to reinforce shareholder interests and ensure a smooth leadership transition.

The company has also launched an investor dashboard to provide real-time transparency regarding its BNB holdings and financial position. This initiative aligns with the Board's commitment to shareholder value and long-term strategic execution.

What is the outlook for CEA Industries' BNB strategy?

Despite short-term volatility in airdrop income and yields from the BNB ecosystem, management remains confident in the long-term viability of the BNB treasury strategy. The company plans to continue deploying capital to acquire additional BNB and execute its share repurchase program.

CEA Industries also highlighted its debt-free capital structure and structural resilience as strengths amid market uncertainty. The Board emphasized its focus on reinforcing governance and operational execution to support the company's digital asset holdings and long-term value creation.