YZi Labs is expanding the board of directors of CEA Industries Inc. to increase its influence over the company’s operations. Shareholders are currently unable to vote or submit consents as the filing is under review by the SEC.
In July 2025, YZi Labs raised $500 million in a private placement (PIPE) to build the world’s largest company. $BNB Ministry of Finance. However, by December 2025, YZi Labs accused its asset management company 10X Capital and BNC management of privately attempting to transition out of the system. $BNB-only strategy, Solana ($SOL).
Expanding CEA Industries’ board of directors will ensure that YZi Labs appoints individuals who align with the company’s vision for the future.
Why is YZi Labs looking to change the board of directors of CEA Industries?
YZi Labs Management Ltd. has filed a revised preliminary agreement with the Securities and Exchange Commission (SEC). The group is seeking to expand the size of CEA Industries’ board of directors and place specific candidates in those new positions.
CEA Industries is an engineering and technology company for indoor agriculture. The company is $BNB The network company (BNC) is the owner of Binance Coin ($BNB) as their primary reserve, similar to how other companies hold Bitcoin.
In July 2025, YZi Labs raised $500 million in a private placement (PIPE), which BNC planned to use to create the world’s largest company. $BNB Ministry of Finance. By August, the company had acquired more than 515,000 products. $BNBwhose value at the time amounted to approximately $465 million.
However, by December 2025, YZi Labs issued a formal notice accusing its asset management company, 10X Capital, and BNC management of informally trying to get out of the system. $BNB-only strategy, Solana ($SOL).
As a result, BNC’s stock price has fallen approximately 87% from its high following the announcement.
Just recently, in the latest episode of Fallout, the YZi Labs team “BNC shareholder latest information“We appreciate the proactive efforts of our investors. They confirmed that the amended filing is currently under review by the SEC and explained that shareholders are not able to vote or submit consent forms at this time. Investors should wait for formal updates on the timing of votes once the SEC completes its review process.”
Expanding CEA Industries’ board of directors will ensure that YZi Labs appoints individuals who align with the company’s vision for the future. The group is led by Changpeng Zhao, the sole director of YZi Labs Management.
Other participants include Max Baucus Sieben (former U.S. senator and ambassador), David James Chapman, and Matthew Roszak.
What’s going on between YZi Labs and CEA Industries?
In addition to Changpeng Zhao and Max Baucus, the group also includes Jiajin He, who is deemed to beneficially own more than 2 million shares. Alex Odagiu is also listed as a participant with a minority stake. Other participants include Marie Teresa Goody Girene and Lin Zhang.
YZi Labs Management currently directly owns 2,150,481 shares of common stock. However, the company owns millions of shares through various types of warrants, including approximately 7.7 million prefunded warrants, 9.9 million stapled warrants, and 3.5 million strategic advisor warrants.
Based on beneficial ownership restrictions, YZi Labs cannot exercise these warrants if it would acquire more than 4.99% of the company’s total shares, which would require the group to use other methods to influence the company’s governance.
The application status is provisional at this time. The SEC will need to review the language to ensure it meets all legal requirements for seeking shareholder consent. If the SEC is satisfied, YZi Labs plans to distribute “white consent cards” to shareholders, allowing them to formally vote for or against board expansion and new candidates.
