Boulder-based Surna retires former CEO’s shares worth $2.8M

BOULDER — Surna Inc. (OTCQB: SRNA), a Boulder-based tech company that engineers equipment for controlled-environment agriculture with expertise in cannabis cultivation, announced Wednesday it has retired 21,428,023 shares of its common stock, valued at approximately $2.8 million, that were previously held by Tom Bollich, Surna’s former chief executive.

Bollich also agreed not to collect an outstanding debt of $192,034 the company owed him.

The retired shares represent about 17 percent of Surna’s issued and outstanding shares as of June 30.

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A filing made with the Securities and Exchange Commission this week does show that Bollich also sold 10 million shares for 2.5 cents apiece, or $250,000. The filing shows that he still owns 2 million shares of common stock in the company.

Bollich said in a prepared statement that he returned the shares and settled the debt because “I continue to believe in this company; its future is bright. Although I am no longer its CEO, I still support Surna and expect it to succeed brilliantly, so I have kept some of my original shares. I have the company’s best interest in mind, and the retirement of a majority of my equity shows my continued support.”

Bollich said he is working with long-term investors to dispense a minority of his shares in a private sale that he believes will bolster Surna’s shareholder base.

Surna’s stock was trading over the counter at 13 cents per share Wednesday.