On June 7, 2024, 111 Equity Group LLC announced that it has engaged and intend to continue to engage in discussions with certain members of CEA Industries Inc?s board of directors and management team regarding the Company?s business, operations, financial condition, strategic plans, potential strategic transactions, governance, performance, and potential avenues to enhance stockholder value, as well as other matters related to the Company, and have engaged and may continue to engage in an exchange of ideas and views with other stockholders, industry analysts and other interested parties with respect to the foregoing.