Tony McDonald resigns from the Board and as President of the Company  Louisville, CO, May  06, 2026  (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:BNC) (&#34;BNC&#34; or the &#34;Company&#34;), a growth-oriented company focused on

CEA Industries Announces Board Composition Change

BNC appoints new Chair as Tony McDonald resigns

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Tony McDonald resigns from the Board and as President of the Company  Louisville, CO, May  06, 2026  (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:BNC) (&amp;#34;BNC&amp;#34; or the &amp;#34;Company&amp;#34;), a growth-oriented company focused on</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BNC announced the resignation of President Tony McDonald, with Carly E. Howard stepping in as Chair of the Board. This transition aims to strengthen governance and focus on disciplined execution for the company’s growth, potentially establishing a more stable leadership framework.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Tony McDonald resigns as President and Board member of BNC.</li><li>Carly E. Howard appointed as Chair of the Board immediately.</li><li>Howard has over 20 years of corporate law and fund governance experience.</li><li>Focus remains on strong governance and disciplined execution for BNC&#039;s growth.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>CEA Industries Inc. (BNC)</strong>: BNC continues to expand under new governance aiming for strategic growth.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This pertains to &#039;Corporate Developments&#039; as it involves key leadership changes that could influence company strategy and performance in the market.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Leadership changes may lead to increased investor confidence and potential stock appreciation.</li><li>Focus on governance strengthening could improve operational execution and stakeholder trust.</li><li>New leadership experience portfolio provides potential for strategic improvements.</li><li>Investor sentiment may react favorably to the stability of the new Board members.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Tony McDonald resigned as President on May 6, 2026.</li><li>Carly E. Howard appointed as Chair of the Board immediately.</li><li>Howard has served as an Independent Director since October 2025.</li><li>The Board has added two new Independent Directors and appointed a CFO recently.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying BNC as leadership change could foster better governance and growth stability.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="center"><i>Tony McDonald resigns from the Board and as President of the Company</i></p>  <p align="justify"><b>Louisville, CO, May  06, 2026  (GLOBE NEWSWIRE) -- </b><a href="https://www.globenewswire.com/Tracker?data=3EbLbyiZFne1OMts5wZ2ItABccKBOHdLcFTwyNRQ3pUEpX4o5bGLtvsjXl3NSjak7ZYLNgO-X106o-NS6cW14q_wS56nN7cM-o2RPasIl-w=" rel="nofollow" target="_blank"><b><u>CEA Industries Inc. </u></b></a><b>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BNC">BNC</a>) </b>("BNC" or the "Company"), a growth-oriented company focused on managing the world&#39;s largest corporate treasury of BNB, today announced that Tony McDonald has resigned from the Board and as President of the Company. Carly E. Howard has been named Chair of the Board of Directors, effective immediately.</p>  <p align="justify">"It has been a privilege to serve as Chairman and President through a period of significant transformation for the Company, and I wish the Company every success into the future," said <b>Tony McDonald, outgoing Chairman, CEA Industries.</b></p>  <p align="justify">"On behalf of the Board, I want to thank Tony McDonald for his contributions to the Company. I look forward to continuing to work with the Board and management team as we focus on strong governance and disciplined execution in the next phase of growth," added <b>Carly E. Howard, Chair, CEA Industries.</b></p>  <p align="justify">Ms. Howard has served as an Independent Non-Executive Director of BNC since October 2025. She brings more than two decades of experience spanning corporate law, fund governance, and digital asset regulation to the position. Her appointment continues the Board's program of governance strengthening, which has included the addition of Annemarie Tierney and Glenn Tyranski as Independent Directors and the appointment of Brent Miller as Chief Financial Officer. The Board remains focused on delivering long-term value for all BNC stockholders.</p>  <p align="justify"><b>About CEA Industries Inc.</b></p>  <p align="justify">CEA Industries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BNC">BNC</a>) is a growth-oriented company that has focused on building category-leading businesses in consumer markets, including building and managing the world&#39;s largest corporate treasury of BNB.</p>  <p align="justify"><b>Forward-Looking Statements</b></p>  <p align="justify">This press release contains statements that constitute &#34;forward-looking statements.&#34; The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. BNC wishes to caution readers that these forward-looking statements may be affected by the risks and uncertainties in BNC&#39;s business as well as other important factors that may have affected and could in the future affect BNC&#39;s actual results and could cause BNC&#39;s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of BNC. In evaluating these forward-looking statements, readers should consider various risk factors, including BNC&#39;s ability to keep pace with new technology and changing market needs; BNC&#39;s ability to finance its current business and proposed future business, including the ability to finance the continued acquisition of BNB; the competitive environment of BNC&#39;s business; and the future value and adoption of BNB. Forward-looking statements are subject to numerous conditions and risks, many of which are beyond BNC&#39;s control. In addition, these forward-looking statements and the information in this press release are qualified in their entirety by cautionary statements and risk factor disclosures contained in BNC&#39;s filings with the SEC. Copies of BNC&#39;s filings with the SEC are available on the SEC&#39;s website at <a href="https://www.globenewswire.com/Tracker?data=0MxomvsR9U42cpFW-VUEOvVU9BSddSksJFnwHGI3eZupxvb89H7I21C4h4PJYJJrqRZkCRuXIkGtY2lGNHWDgA==" rel="nofollow" target="_blank">www.sec.gov</a>. BNC undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.</p>  <p><b>CEA Industries Media Inquiries:</b><br></br>Edelman Smithfield<br></br><a href="https://www.globenewswire.com/Tracker?data=TqMSmfGdO2EBRlc83NGUvvPsdTuwYh8Z1EQnaarmk5vXAqx3SNnE4vU1jNjPlK2jf4Fx58pvjrtDd5jFbzIt9IVR_rKVdNutuWiA90EVbxt-Jz1YQUK-990Flna1FdED" rel="nofollow" target="_blank">CEA@edelmansmithfield.com</a></p>  <p><b>CEA Industries Investor Relations:</b><br></br><a href="https://www.globenewswire.com/Tracker?data=CgLHQZY2C2jcNDZxJ624wvapV01Qv8MHPtyew4rGD4f9bWtvvlZUIBtGTfXcXZoMhA7DjYJeEkYpx9qfUVN3B4pUk7UnH3WoQpJyXh56HJw=" rel="nofollow" target="_blank">james@haydenir.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNDg0NyM3NTg4NTc1IzUwMDA2NTMxOA=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NWE2MjUzYjgtMTgyYi00YjNkLWJiYmMtY2NjZmIzM2UyMjg3LTUwMDA2NTMxOC0yMDI2LTA1LTA2LWVu/tiny/CEA-Industries-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9e796dea-d865-42b2-ab44-5f33e588024e"><img src="https://ml.globenewswire.com/media/9e796dea-d865-42b2-ab44-5f33e588024e/small/cea-logo-whitebg-darkletters-jpg.jpg" border="0" width="150" height="84" alt="Primary Logo"></img></a></p>

BNC announced the resignation of President Tony McDonald, with Carly E. Howard stepping in as Chair of the Board. This transition aims to strengthen governance and focus on disciplined execution for the company’s growth, potentially establishing a more stable leadership framework.

CEA Industries Announces Board Composition Change

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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