Form 8-K - Current report
05 Junio 2024 - 3:05PM
Edgar (US Regulatory)
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2024-06-04
2024-06-04
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2024-06-04
2024-06-04
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2024-06-04
2024-06-04
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Current
Report Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
June 4, 2024
CEA
INDUSTRIES INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-41266 |
|
27-3911608 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification No.) |
385
South Pierce Avenue, Suite C
Louisville,
Colorado 80027
(Address
of principal executive offices and zip code)
Registrant’s
telephone number, including area code: (303) 993-5271
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Exchange Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.00001 par value |
|
CEAD |
|
Nasdaq
Capital Market |
Warrants
to purchase Common Stock |
|
CEADW |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.03. Material Modification to Rights of Security Holders.
Pursuant
to the reverse stock split, announced June 4, 2024, each twelve (12) shares of the Company’s outstanding common stock, $0.00001
par value per share, will be automatically combined and converted into one (1) outstanding share of common stock, $0.00001 par value
per share. In addition, the current publicly traded common stock purchase warrants will be adjusted under the current terms of the warrant
agreement so that each 12 warrants will be entitled to acquire one share of common stock at a revised purchase price per share of $60.00.
The
Company will continue to be subject to periodic reporting and other requirements under the Securities and Exchange Act and the common
stock and common stock purchase warrants will continue to be listed on the Nasdaq Capital Market “CEAD” and “CEADW,”
respectively.
The
purpose of the reverse stock split is to maintain the Company’s listing of its common stock and publicly traded common stock purchase
warrants on the Nasdaq Capital Market. The Company, however, cannot assure that the price of its common stock after the reverse stock
split will reflect the reverse split ratio, that the price per share following the reverse split will be maintained for any period of
time, or that the price will remain above the pre-split trading price.
Shares
of the Company’s common stock have been assigned a new CUSIP number (86887P309). The common stock purchase warrants will retain
their current CUSIP number.
The
common stock is expected to begin trading on a split-adjusted basis, beginning on Friday, June 7, 2024.
No
fractional shares will be issued and any fractional shares resulting from the reverse stock split will be rounded up to the next whole
share. Stockholders holding shares of CEAD common stock at registered brokerage firms, should consult with their broker for further information
on their account. Stockholders who hold shares with our transfer agent will receive information in the mail about their accounts over
the next few days. On June 4, 2024, the Company filed an amendment to its certificate of incorporation to effect a reverse split of the
outstanding shares of common stock at the rate of one new share for every 12 shares then outstanding, rounding up to the next whole share
for fractional shares resulting from the reverse split.
A
copy of the amendment to the certificate of incorporation of the Company is attached, which shows the reverse split.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
June 5, 2024 |
CEA
INDUSTRIES INC. |
|
|
|
|
By |
/s/
Anthony K. McDonald |
|
|
Anthony
K. McDonald |
|
|
President
and Chief Executive Officer |
EXHIBIT
INDEX
Exhibit 3.1
v3.24.1.1.u2
Cover
|
Jun. 04, 2024 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Jun. 04, 2024
|
Entity File Number |
001-41266
|
Entity Registrant Name |
CEA
INDUSTRIES INC.
|
Entity Central Index Key |
0001482541
|
Entity Tax Identification Number |
27-3911608
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
385
South Pierce Avenue
|
Entity Address, Address Line Two |
Suite C
|
Entity Address, City or Town |
Louisville
|
Entity Address, State or Province |
CO
|
Entity Address, Postal Zip Code |
80027
|
City Area Code |
(303)
|
Local Phone Number |
993-5271
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
false
|
Common Stock, $0.00001 par value |
|
Title of 12(b) Security |
Common
Stock, $0.00001 par value
|
Trading Symbol |
CEAD
|
Security Exchange Name |
NASDAQ
|
Warrants to purchase Common Stock |
|
Title of 12(b) Security |
Warrants
to purchase Common Stock
|
Trading Symbol |
CEADW
|
Security Exchange Name |
NASDAQ
|
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