YZi Labs Management filed a revised preliminary consent statement with the SEC to expand the Board of Directors at CEA Industries Inc. The goal is to increase the number of directors and place nominees aligned with YZi Labs’ strategy. Shareholders cannot vote or submit consents while the SEC reviews the filing.
In July 2025, YZi Labs raised $500 million in a PIPE to build the world’s largest corporate BNB treasury through BNC, formerly known as CEA Industries. By August, the company had acquired over 515,000 BNB, worth nearly $465 million. In December 2025, the firm accused 10X Capital and BNC management of attempting to shift away from a BNB-only strategy to include cryptocurrencies such as Solana. The dispute caused BNC’s stock to drop approximately 87% from its post-announcement highs.
YZi Labs directly owns 2,150,481 common shares and holds rights over millions more through Pre-Funded Warrants, Stapled Warrants, and Strategic Advisor Warrants. The Beneficial Ownership Limitation prevents exercising these rights if it would exceed 4.99% of the company’s total shares. Once approved by the SEC, the company will distribute the WHITE consent card so shareholders can vote on the board expansion and the new nominees.
Source: https://x.com/yzilabs/status/2023213393474417126
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