CEA Industries appoints Carly Howard as non-executive director

LOUISVILLE, CO - CEA Industries Inc. (NASDAQ:BNC), a $405 million market cap company focused on managing BNB cryptocurrency holdings, announced Tuesday the appointment of Carly E. Howard as a non-executive director, effective immediately. According to InvestingPro data, the company’s stock has shown significant volatility, gaining over 20% in the past week alone.

Howard brings over 20 years of legal expertise in corporate law, investment strategy, and digital asset regulation. She is the Founder and Principal Consultant of CEH Advisory, a legal consultancy specializing in crypto-focused funds and tokenized projects.

Prior to founding her consultancy, Howard served as Of Counsel with K&L Gates, working with crypto-focused investment funds and blockchain clients. She also held senior leadership positions at CIBC (former Atlantic Trust) and Truist (former BB&T), overseeing fiduciary operations and regulatory risk.

Howard holds a Master of Laws in Estate Planning and a Law Degree from the University of Miami, as well as a Communications Degree from the College of Charleston, South Carolina.

"We are pleased to welcome Carly to the Board of CEA Industries, where she brings a wealth of legal and banking expertise combined with deep appreciation of digital assets," said David Namdar, CEO of CEA Industries, in a press release statement.

The company describes itself as focused on building the world’s largest corporate treasury of BNB, the native cryptocurrency of the BNB Chain ecosystem. According to the announcement, CEA Industries is targeting "1% of global BNB supply by the end of 2025."

CEA Industries is traded on the Nasdaq under the ticker BNC.

In other recent news, CEA Industries Inc. has reported significant developments in its financial and strategic activities. The company announced that it now holds 480,000 BNB tokens, with the current valuation of these holdings at approximately $585.5 million. This aligns with CEA Industries’ strategy to own 1% of BNB’s total supply by the end of 2025. Additionally, the company completed a $500 million private placement, which could yield up to $1.25 billion if all associated warrants are exercised. In another move, CEA Industries has authorized a stock repurchase program of up to $250 million. The company has also filed a shareholder letter and registration update with the SEC, detailing securities issued in its recent private investment in public equity transaction. These actions underscore CEA Industries’ aggressive approach to digital asset investment and shareholder value enhancement.

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