CEA Industries stock jumps ahead of open as 10X battle heats up
CEA Industries sued asset manager 10X Capital in Delaware, seeking to void their agreement and recover fees. CEA shares rose 1.5% to $2.67 in light pre-market trading after the news. The company faces Nasdaq delisting risk over a missed annual meeting and disclosed a $10 million loan backed by BNB, which has dropped in value. CEA reported a $106.6 million quarterly net loss, citing BNB’s price decline.