Thursday, June 18, 2020 9:38:23 AM
Item 8.01 Other Events.
Surna Inc. (the “Company”) will be relying on the Securities and Exchange Commission’s order under Section 36 of the Securities Exchange Act of 1934, as
amended, Granting Exemptions from Specified Provisions of the Exchange Act and Certain Rules Thereunder, dated March 4, 2020 (Release No. 34-88318 (as
modified on March 25, 2020, by Release No. 34-88465, collectively the “Order”) to delay the filing of its Quarterly Report on Form 10-Q for the first fiscal quarter
of fiscal year 2020, due to circumstances related to the coronavirus disease 2019 (Covid-19). In particular, Covid-19 has caused disruptions in the Company’s
day-to-day operations, including (i) restricting access of Company staff to the Company facilities where records are maintained, (ii) reducing the ability of
Company staff to carry out certain accounting functions and then preparing the Company financial report, and (iii) impeding the Company staff from effectively
working with certain of its external accounting professionals. Overall, the Company has experienced significant delays and disruptions in its preparation of the
Form 10-Q report. The Company currently anticipates filing its form 10-Q report on or before June 29, 2020 (the date that is 45 days from the original filing
deadline of May 15, 2020 for the 10Q report).
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