Community Update: $USDG Allocation Appeals
After community feedback, the robinhood:0x94641b97010608c3827fb058074889f19868ff33 team has decided to allow users to appeal and correct their token allocations.
Learn more: https://t.co/oTCZJqzQa3
First Quarter Fiscal 2027 Financial Highlights
CEA Industries Inc. (Nasdaq: $BNC ), a growth-oriented company focused on managing the world’s largest corporate treasury of BNB, announced its financial results for the first quarter of fiscal 2027, ended July 31, 2026.
Net Loss: Reported a net loss of $11.4 million, or $(0.22) per basic and diluted share. Results were driven primarily by a $15.3 million unrealized loss on digital assets, of which $15.0 million related to BNB, partially offset by a $10.0 million non-cash gain on the change in fair value of warrant liabilities.
Digital Asset Holdings: At July 31, 2026, the Company held 515,544 BNB tokens (471,346 unrestricted and 44,198 pledged as loan collateral) with a fair value of $302.3 million, unchanged in token count from April 30, 2026. Including BTC and USDT positions, total digital assets had a fair value of $304.5 million and represented 93.1% of total assets.
Treasury Yield: Generated $0.3 million of Airdrop income within the Binance ecosystem, reflecting a continued moderation in Airdrop, Launchpool and HODLer program activity across the ecosystem.
Revenue and Gross Profit: Revenue from the Retail and Industry segment was $7.2 million, compared to $7.5 million in the combined prior-year quarter, a decrease of 4.6% driven primarily by the discontinuance of a product line at Fat Panda. Gross profit was $2.0 million, compared to $2.3 million in the combined prior-year period corresponding to the revenue decline.
Operating Expenses: Total operating expenses were $23.2 million, including the $15.3 million unrealized loss on digital assets described above, $1.4 million of shareholder advisory expenses related to the activism campaign resolved in June 2026 and $1.1 million of management fees under the Asset Management Agreement. The Company does not expect to incur material additional shareholder advisory costs related to the resolved activism campaign.
Liquidity: Ended the quarter with $7.1 million of cash and cash equivalents, up from $3.1 million at April 30, 2026. The Company drew $15.0 million of USDC under its master loan facility, secured by 44,198 BNB valued at $25.9 million at quarter end, without liquidating core treasury assets. Total debt outstanding was $16.8 million. The Company was in compliance with all debt covenants at July 31, 2026.
Share Repurchases: During the quarter, the Company repurchased and cancelled 1,434,112 shares of common stock at an average price of $2.63 per share for a total of $3.8 million under its $250 million share repurchase program authorized in September 2025.
Balance Sheet: Total assets were $327.2 million and total shareholders’ equity was $289.4 million at July 31, 2026. Shares of common stock outstanding were 41,173,850, down from 42,607,962 at April 30, 2026 resulting from the aforementioned share repurchases.
$BNC would like to clarify the reward distribution arrangements for $BNC holders
According to our originally published tokenomics, $BNC investors can now access a rewards pool of over $5,000,000 $BNC :
🔶 #BNC4 Holders ( https://t.co/n4iK5GRsrK)
#BNC4 holders of 4stock can now claim their rewards at https://t.co/FclIRs2wOz
We’ve introduced a shared-inventory pool mechanism with $BNCB
🔶 $BNCB Holders
We will calculate token holdings based on the snapshot taken on October 1st and distribute rewards to eligible holders.
Check your eligibility and track your rewards
🔗 Dashboard: https://t.co/FclIRs2wOz
Under the new rule, only daily holdings above 100 will count as valid holdings for each token. Daily rewards will be distributed based on each user’s valid holding as a proportion of the total valid holdings of all eligible $BNC holders.
Reward eligibility is subject to applicable product and jurisdictional restrictions .
$BNC would like to clarify the reward distribution arrangements for $BNC holders
According to our originally published tokenomics, $BNC investors can now access a rewards pool of over $5,000,000 $BNC :
🔶 #BNC4 Holders ( https://t.co/n4iK5GRsrK)
#BNC4 holders of 4stock can now claim their rewards at https://t.co/FclIRs2wOz
We’ve introduced a shared-inventory pool mechanism with $BNCB
🔶 $BNCB Holders
We will calculate token holdings based on the snapshot taken on October 1st and distribute rewards to eligible holders.
Check your eligibility and track your rewards
🔗 Dashboard: https://t.co/FclIRs2wOz
Under the new rule, only daily holdings above 100 will count as valid holdings for each token. Daily rewards will be distributed based on each user’s valid holding as a proportion of the total valid holdings of all eligible $BNC holders.
Reward eligibility is subject to applicable product and jurisdictional restrictions .
CEA Industries $BNC is focused on building and managing a large corporate treasury of BNB. We believe a disciplined, publicly traded structure can give investors transparent, institutional-grade exposure to the BNB ecosystem while we work to grow the value of our holdings over time.
As of July 31, 2026, we held 515,544 BNB tokens, which represented the substantial majority of our total assets. Our strategy is centered on maintaining this core position and evaluating opportunities to add to it when capital allows, while remaining focused on liquidity, risk management, and long-term shareholder value.
We continue to prioritize clear reporting, strong governance, and capital discipline as we execute our BNB treasury strategy. By operating as a Nasdaq-listed company, we aim to provide a straightforward path for investors seeking exposure to BNB through a regulated public vehicle.
$BNCB
Holders of $BNCB #BNC4 can now access a rewards pool of over $5,000,000 worth of tokens.
These rewards allocations are designed around your holdings and your commitment with eligible holders earning their share based on their effective holdings over time.
Are you an investor in CEA Industries $BNC ?
Holding either $BNCB of @bstocksfinance or #BNC4 of @fourdotmemezh ?
Check your eligibility and track your rewards
🔗 Dashboard: https://t.co/BeO9XHBQaw
CEA Industries : Building Long-Term Value Through Strategic Digital Asset Management
Holders of $BNCB #BNC4 can now access a rewards pool of over $5,000,000 worth of tokens.
These rewards allocations are designed around your holdings and your commitment with eligible holders earning their share based on their effective holdings over time.
Are you an investor in CEA Industries $BNC ?
Holding either $BNCB of @bstocksfinance or #BNC4 of @fourdotmemezh ?
Check your eligibility and track your rewards
🔗 Dashboard: https://t.co/BeO9XHBQaw
CEA Industries : Building Long-Term Value Through Strategic Digital Asset Management