YZi Labs Submits Preliminary Consent Solicitation to SEC, Seeking to Increase CEA Industries Board Size and Elect Additional Directors

YZi Labs has submitted a preliminary consent statement to the U.S. Securities and Exchange Commission (SEC), seeking shareholder written consent to expand the board of directors of CEA Industries (ticker: $BNC) and elect additional directors.

YZi Labs stated that despite $BNC completing a $500 million PIPE financing this summer and its primary asset $BNB experiencing a significant price increase, the company's performance has not met expectations.

[Foresight News]