06/09/2025 | Press release | Distributed by Public on 06/09/2025 06:00
Item 1.01 - Entry into Material Agreement
Entry into Acquisition Agreement
CEA Industries Inc. ("Company") entered into an agreement with Velocity Investments Incorporated ("Velocity") under which Velocity provided due diligence services and other acquisition advice in connection with the acquisition of Fat Panda Ltd. ("Fat Panda"), a leading Canadian retailer and manufacturer of nicotine vape products. The value of the services was determined to be CAD$700,000, which as agreed was the equivalent of 39,000 shares of Common Stock under the terms of the agreement. The 39,000 shares had a United States market value of $313,950 as of the date of their issuance under the prospectus supplement to the Registration Statement on Form S-3, No. 333-284306.