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LOUISVILLE, CO - CEA Industries Inc. (NASDAQ: CEAD, CEADW), a micro-cap company currently valued at $6.18 million with shares trading at $7.70, announced Thursday it will change its ticker symbol on the Nasdaq Capital Market from "CEAD" to "VAPE," effective at market open on Friday, June 13, 2025.
The ticker change follows the company’s recent acquisition of Fat Panda, a Canadian vape retailer, and reflects CEA Industries’ strategic shift toward the vaping industry. InvestingPro data shows the company maintains strong liquidity with a current ratio of 8.16, though its EBITDA remains negative at -$3.31 million.
"Changing our ticker to ’VAPE’ reflects our strategic focus and the evolution of our business," said Tony McDonald, Chairman and CEO of CEA Industries, according to the company’s press release.
The company stated that no action is required from existing shareholders regarding the ticker symbol change. The CUSIP number for CEA Industries’ common stock will remain unchanged.
CEA Industries describes itself as focused on building businesses in regulated consumer markets, with particular emphasis on the Canadian nicotine vape sector, which it characterizes as a high-growth segment of the global nicotine market.
The company will continue to be listed on the Nasdaq Capital Market under the new ticker symbol.
This information is based on a press release issued by CEA Industries. According to InvestingPro analysis, despite challenging profitability metrics, the stock appears undervalued at current levels. Discover more insights and 5 additional ProTips with an InvestingPro subscription.
In other recent news, CEA Industries Inc. announced a strategic shift by changing its ticker symbol on the Nasdaq Capital Market from "CEAD" to "VAPE" to reflect its new focus on the vaping industry. This change follows the company’s acquisition of Fat Panda, a Canadian vape retailer, and marks a significant pivot toward the regulated nicotine vape sector in Canada. The company emphasized that no action is required from existing shareholders, and the CUSIP number remains unchanged. Additionally, CEA Industries has entered into an agreement with Velocity Investments Incorporated, which will provide due diligence services and acquisition advice related to the Fat Panda acquisition. The services provided by Velocity were valued at CAD 700,000 and were settled through the issuance of 39,000 shares of CEA Industries’ common stock, valued at approximately $313,950 in the United States. This agreement is part of CEA Industries’ broader strategy to expand its footprint in the nicotine vape product sector. The acquisition of Fat Panda is anticipated to enhance CEA Industries’ market position, leveraging Fat Panda’s established presence in Canada. These developments represent CEA Industries’ ongoing efforts to align its market identity with its operations in the high-growth vaping industry.
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