CEA Industries (BNC) Issues Statement Refuting YZi Labs’ Latest False and Reckless Claims

Core Viewpoint - CEA Industries Inc. (BNC) asserts full compliance with Nasdaq rules regarding its Annual Meeting of Stockholders, countering false claims made by YZILabs Management Ltd. about potential delisting risks [1][2]. Compliance with Nasdaq Rules - BNC confirms adherence to Nasdaq Rule 5620(a) and states that it can submit a plan for compliance if the Annual Meeting is not held by the fiscal year end, which is still two months away [1]. - The change in the Company's fiscal year end to June 29, 2025, was made to align with its largest operating business and was disclosed to stockholders prior to YZILabs acquiring shares [2]. Response to YZILabs Claims - The Company expresses disappointment over YZILabs' promotion of what it describes as baseless conspiracy theories and emphasizes its commitment to disciplined governance and long-term value creation [3]. Company Overview - CEA Industries Inc. is focused on managing the world's largest corporate treasury of BNB token and building category-leading businesses in consumer markets [4]. Future Actions - The Company plans to file a consent revocation statement and related documents with the SEC in response to YZILabs' consent solicitation, urging stockholders to read these documents carefully when available [6][7]. Participants in Solicitation - The Company and its directors and certain executive officers are considered participants in the solicitation of consent revocations related to YZILabs' actions, with detailed information available in SEC filings [8].