CEA Industries Warrants (BNCWZ)
Grants a right to buy one CEA Industries common share.
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Takes the form of a Nasdaq-listed warrant on CEA Industries common stock. Its underlying issuer earns revenue from Canadian vape retail and U.S. cultivation-systems projects while managing a BNB-focused digital-asset treasury.
Represents a separately traded class of stapled warrants issued by CEA Industries, rather than common stock. Each warrant gives its holder the right to purchase one CEA common share under the Warrant Agreement. It began Nasdaq trading after conversion from an unlisted PIPE warrant.
The underlying issuer manages a BNB-focused digital-asset treasury through CEA BRS LLC and a Cayman subsidiary. Its Retail and Industry segment earns revenue through Fat Panda's central-Canadian vape retail and e-commerce network, while Surna Cultivation Technologies designs environmental-control systems and provides project support for controlled-environment-agriculture facilities, primarily in the United States.
Fat Panda's vaping activities are subject to Canadian federal and provincial rules. Digital assets are primarily BNB; holding the warrant does not confer a common share unless exercised and settled, and its exposure depends on BNC shares and its contractual exercise, expiry and corporate-action provisions.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jan 31, 2026Cash & short-term investments $11.3M · Total debt $1.9M · Total assets $436.8M · Shareholders' equity $364.9M
- Revenue
- $7.3M
- Operating income
- −$164.3M
- Net income
- −$106.6M
No dividends on record.
226.24M company shares as of Aug 22, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Vanguard Capital ManagementInstitution | —5.07% of class, as filed | — | 13Gfiled Apr 29, 2026 ↗ |
13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
- Nano Labs (ADR)
Large BNB reserve competes for listed BNB exposure.
- Hydrofarm
Broad CEA equipment line overlaps in climate-control projects.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CEA Industries Warrants | $0.0520 | −9.57% | $11.8M | — | — | — | — |
| Nano Labs (ADR) | $2.10 | −1.10% | $142.1M | 0.0 | — | 0.0 | −66.1% |
| Hydrofarm | $1.02 | +8.19% | $4.8M | — | — | 0.0 | −40.9% |
| Median | 0.0 | — | 0.0 | −53.5% |