The Honeywell or Siemens for advanced indoor agriculture facilities.

The Cisco Systems for controlled environment agriculture.

William B. Miller, Chief Financial Officer and Interim Principal Executive Officer

William B. Miller was appointed Chief Financial Officer of CEA Industries Inc. (now BNB Standard Corporation) effective March 9, 2026, and additionally serves as Interim Principal Executive Officer since July 22, 2026. He brings over two decades of experience in financial reporting, accounting policy, internal controls, and capital markets within public company settings. Prior to this role, Miller served as the Chief Accounting Officer at Figure Technology Solutions Inc., where he played a key role in guiding the company through its reorganization and initial public offering.

Alex Odagiu, Interim President

Alex Odagiu assumed the role of Interim President of CEA Industries Inc. (now BNB Standard Corporation) on June 23, 2026. He is an Investment Partner at YZi Labs, focusing on digital assets, decentralized finance (DeFi), and blockchain-enabled financial services. Previously, he was an Investment Partner at Binance Labs, where he managed tokens, equity, and strategic investments. Odagiu's background also includes two years as an investment professional at a London technology fund and four years as an investment banker at Goldman Sachs. He holds a master's degree in economics and mathematics from the University of St Andrews. He has been actively involved in the BNB Chain MVB program as a reviewer/mentor and has been deeply involved in YZi Labs' incubation program, EASY Residency. His investment focus includes DeFi, real-world asset tokenization, AI-crypto convergence, and stablecoin/infrastructure projects.

Carly E. Howard, Chair of the Board of Directors

Carly E. Howard serves as the Chair of the Board of Directors for BNB Standard Corporation (formerly CEA Industries Inc.). She is an attorney with the global law firm K&L Gates, specializing in digital assets for high-net-worth individuals, family offices, and investment funds. Howard possesses extensive expertise in crypto, having worked with both crypto-native projects and traditional finance companies for over five years. She is also the Founder and Principal Consultant of CEH Advisory, a legal consultancy that provides strategic design and hands-on establishment for crypto-focused funds and tokenized projects. Her prior experience includes roles as Senior Vice President at CIBC (former Atlantic Trust) and Truist (former BB&T), where she offered legal and strategic leadership to executives and high-tier wealth clients, overseeing fiduciary operations, regulatory risk, and complex trust structures. She holds a Master of Laws in Estate Planning and a Degree in Law from the University of Miami, and a Degree in Communications from the College of Charleston, South Carolina.

Renee Larson, VP Finance / Controller

Renee Larson holds the position of VP Finance / Controller at BNB Standard Corporation (formerly CEA Industries Inc.).

Jordan Vedoya, President Fat Panda Ltd.

Jordan Vedoya serves as the President of Fat Panda Ltd., a subsidiary of BNB Standard Corporation (formerly CEA Industries Inc.).

Here are the key risks to the business of BNB Standard (symbol: BNC):

1. Cryptocurrency Price Volatility: BNB Standard Corporation's primary focus is on managing the world's largest corporate treasury of BNB, a Binance-affiliated token. Consequently, the company's financial performance and valuation are highly susceptible to the extreme price volatility inherent in cryptocurrency markets. Fluctuations in the value of BNB directly impact the company's assets. For instance, recent reports indicate that BNB experienced a decline of approximately 5% over a week, even as BNB Standard's stock saw gains, highlighting the direct exposure to this volatility.
2. Regulatory and Legal Risks in the Cryptocurrency Industry: The cryptocurrency sector operates within a rapidly evolving and often uncertain regulatory landscape across various jurisdictions. Changes in laws, regulations, or their interpretations by governmental bodies could adversely affect the value or liquidity of BNB holdings, or restrict BNB Standard's ability to manage its digital asset treasury. This regulatory unpredictability poses a significant risk to the company's operations and financial stability.
3. Security Risks Associated with Digital Assets: Holding a substantial corporate treasury of cryptocurrency assets exposes BNB Standard to significant security risks. These include the potential for cyberattacks, hacking, theft, or accidental loss of private keys. Such security breaches could lead to substantial financial losses and damage to the company's reputation and operational capabilities.

BNB Standard, trading under the symbol BNC, was formerly known as CEA Industries Inc. The company officially changed its name to BNB Standard Corporation on September 29, 2026, and retained its Nasdaq ticker symbol 'BNC'. This rebranding signifies a shift in the company's focus towards managing a corporate BNB treasury, aiming to establish a standard for how public companies manage BNB treasuries.

The addressable market for BNB Standard's main services revolves around the broader cryptocurrency market, specifically the BNB ecosystem, and the growing trend of public companies holding cryptocurrencies as treasury assets. As of October 2026, the BNB token trades at $768 and has a market capitalization of $100 billion. This represents the global market value of the BNB asset that the company aims to manage.

Within the global BNB Chain ecosystem, other significant market indicators include:

• The stablecoin market capitalization on BNB Chain reached a peak of $14 billion in 2025.
• Real-world assets (RWA) on BNB Chain surpassed $1.8 billion in value during 2025.
• The total number of unique addresses on BNB Chain exceeded 700 million in 2025.

These figures indicate a substantial and active global market for BNB-related assets and activities, which forms the addressable market for BNB Standard's treasury management services.

For BNB Standard (symbol: BNC), the expected drivers of future revenue growth over the next 2-3 years primarily stem from its strategic pivot to a digital asset treasury strategy focused on BNB. CEA Industries Inc., which trades under the symbol BNC, officially announced its change of corporate name to BNB Standard Corporation, effective September 29, 2026. The company has transformed from its original focus on controlled environment agriculture (CEA) to managing a substantial treasury of BNB digital assets.

The key drivers of future revenue growth include:

1. Appreciation in the Value of BNB Digital Asset Holdings: As BNB Standard Corporation is committed to building and managing what it aims to be the world's largest corporate treasury of BNB, an increase in the market price of BNB would directly enhance the value of its primary asset. This appreciation could significantly impact the company's financial performance through realized gains or mark-to-market adjustments.
2. Strategic Acquisition of Additional BNB: The company plans to continue "strategically deploy significant capital acquiring additional BNB," aiming to deepen its position as the world's largest corporate BNB treasury. Expanding its holdings of BNB would naturally amplify any gains derived from price appreciation and participation within the BNB ecosystem.
3. Income Generation from the BNB Ecosystem: BNB Standard Corporation's strategy offers shareholders exposure to the BNB digital ecosystem. This includes revenue streams such as airdrop income, which generated $7.9 million in fiscal year 2026, and potential yields from the Binance platform, which management expects to return to historical performance levels.
4. Growth and Development of Complementary Businesses in Consumer Markets: Although the primary focus has shifted to its BNB treasury, the company states it is a "growth-oriented company that focuses on building category-leading businesses in consumer markets," encompassing its digital asset strategy. Its existing operating units, Fat Panda and Surna Cultivation Technologies, remain active and are subject to ongoing strategic evaluation. Successful performance or expansion in these or new consumer market ventures could contribute to future revenue.

Share Repurchases

• CEA Industries repurchased and cancelled 1,434,112 shares for $3.8 million at an average price of $2.63, reducing shares outstanding to 41,173,850 as of September 2026.
• On September 22, 2025, the company announced a $250 million stock repurchase program authorized by its Board of Directors.

Share Issuance

• Shareholder dilution has been significant, with shares outstanding increasing by 348.2% in fiscal year 2022.
• The number of shares outstanding increased by 42,566.12% in one year as of September 22, 2026.
• Major shareholder YZiLabs Management Ltd. exercised warrants totaling 7,599,264 shares for $0.00001 per share on September 17, 2026.

Inbound Investments

• CEA Industries Inc. received $421.72 million in funding from a group of investors, with the transaction closing on August 5, 2025.
• The company drew $15.0 million of USDC under a master loan facility, secured by 44,198 BNB, by July 31, 2026.
• YZiLabs Management Ltd., through a PIPE financing, became a beneficial owner of 9,749,745 common shares, or 19.99% of the company's common stock.

Outbound Investments

• CEA Industries Inc. has shifted its primary business to building and managing a corporate treasury of BNB, holding 515,544 BNB tokens with a fair value of $302.3 million at July 31, 2026.

Capital Expenditures

• Capital expenditures for the last 12 months as of September 22, 2026, were -$134,000.