CEA Industries Inc. Form 8-K Filing Summary

CEA Industries Inc. announced on June 11, 2026, that its previously issued financial statements for the second and third quarters of fiscal year 2025 and 2026 should not be relied upon. This is due to an error in calculating the weighted-average number of shares outstanding, which affected the basic and diluted earnings per share (EPS). The error resulted in overstatements or understatements of EPS in various periods. Specifically, for the three months ended October 31, 2025, EPS was overstated by $0.21. For the second quarter successor period, EPS was overstated by $0.45. For the three months ended January 31, 2026, EPS was understated by $0.08. For the third quarter successor period, basic EPS was overstated by $4.26 and diluted EPS by $4.21. The company stated that this error did not impact net income, assets, liabilities, equity, revenue, cash flows, or net income available to common stockholders. CEA Industries Inc. plans to file amendments to its Quarterly Reports on Form 10-Q to restate the affected financial statements. The independent registered public accounting firm, Sadler, Gibb & Associates, LLC, has been informed of these matters.