CEA Industries Inc.
BNCHIGH VELOCITYFILING INTENSITYCEA Industries Inc. reads as High Velocity (composite 62/100); pressure / disclosure signals dominate the posture this cycle · primary market E&C.
Lens
Disclosed M&A capital (2023–2025)
N/A
vs N/A in 2020–2022
Disclosed transactions
N/A
0/3 active fiscal years in window
Buyer archetype
Selective Buyer
Acquisition use is visible but targeted.
Composite score
62
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $5M disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
- 181 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- 15 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 15 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 15 activism filings
- Latest activism 1.9y ago
- Shareholder pressure language
Distress Watch
Issuers showing financial-distress filing patterns
- 10-K 471d stale
- 15 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 181 8-Ks
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Market cap $3M
- 10-Q 117d ago
- 2 active signals
Capital cadence.
No disclosed M&A capital in the 10-year window.
This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“Although we explored a few acquisitions and strategic alliance opportunities in 2019, we did not attract partners of the caliber or business segment that we are seeking.”
“officer/director group has a controlling influence in determining the outcome of any corporate transaction or other matters submitted to our stockholders for approval”
“no assurance can be made that the prices paid or to be paid by the Company for the assets acquired or to be acquired were fair to our Company or its shareholders.”
“We have identified several business verticals that we believe are logical and natural complements to our climate control business, such as: lighting, fertigation (automated process of delivering nutrients and water to plants), benches (customized systems to optimize use of the growing space), cultivation management technology (software), consumables (growing, packaging, facility and lab supplies), and operational improvement analytics (modeling, data aggregation and artificial intelligence).”
“Such officer and/or shareholder may also have the power to prevent or cause a change in control.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
E&C
- Market spend (2023–2025)
- $50.9B
- Market spend (2020–2022)
- $33.3B
- Recent vs prior
- +53%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
BNC trades at a -20.5-turn discount to the E&C peer median of 20.6×.
- EV / Revenue
- N/A
- Net debt / EBITDA
- N/A
- Peer median EV / EBITDA
- 20.6×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 46.8× | 3.8× | 2.0× | $30B | $5.4B | |
| 25.1× | 4.9× | -0.3× | $21.6B | $1.2B | |
| 20.6× | 1.1× | 0.2× | $9.8B | $6B | |
| 19.2× | 1.3× | 3.0× | $13.2B | $32M | |
| 8.1× | 5.5× | -0.4× | $1.2B | $598M | |
CEA Industries Inc.BNC | 0.1× | N/A | N/A | $132M | N/A |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in E&C. Bars scaled to the highest EV/EBITDA in the set.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)182025-03-27
- 10-Q (quarterly)512026-03-16
- 8-K (event)1812026-05-06
- Proxy / DEF 14A492026-03-26
- Activism (13D / DFAN / PREC)152024-08-19
Signals on file
- elevated
Activism on file
2024-08-1915 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
Shareholder pressure
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.