CEA Industries Negotiating Deal to Acquire Specialty Retailer; Shares Rise

MT Newswires Live

2024/12/04

CEA Industries (CEAD) shares climbed by more than 15% in midday trading Tuesday after the company said it has signed a non-binding letter of intent to acquire a target in specialty retail and manufacturing.

The transaction will include a combination of cash, shares and debt, the company said.

CEA Industries said it plans to execute a definitive agreement before year-end and to complete the deal in Q1.

Price: 7.12, Change: +0.91, Percent Change: +14.61

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