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CEA Industries Inc. determined that its previously issued condensed consolidated financial statements in the Form 10-Q…
BNCBNB Standard Corp
CEA Industries Inc. determined that its previously issued condensed consolidated financial statements in the Form 10-Q filings for the quarters ended October 31, 2025, and January 31, 2026, should no longer be relied upon. The error stemmed from incorrect calculations of the weighted-average number of shares outstanding used for basic and diluted earnings per share (EPS). For the third quarter successor period ended January 31, 2026, basic EPS was overstated by $4.26 and diluted EPS by $4.21 due to an understatement of 21,806,662 basic and 21,806,663 diluted shares. The error did not affect net income, total assets, liabilities, equity, revenue, or cash flows. The company intends to file amendments to restate the affected reports. CEA Industries Inc. is an industrial company.