YZi Labs initiates shareholder consent process, seeking to expand BNC board to improve oversight and strategic execution

YZi Labs stated that it has submitted a preliminary solicitation of consent statement to the U.S. SEC, seeking to expand the board of directors of CEA Industries Inc. (Nasdaq: $BNC) and add directors through written consent of shareholders.

YZi Labs claims that although $BNC's main treasury asset $BNB has risen sharply after the $500.00M PIPE financing this summer, the company's performance is inconsistent with its BNB-centric digital asset treasury strategy. Problems include poor strategic execution, insufficient investor communication, lack of effective supervision, delays in submitting key SEC documents, and continued market confusion about the company's positioning and strategy.

[Wu Blockchain]