CEA Industries Inc.
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CEA Industries CEO David Namdar Issues Letter to Shareholders
Globenewswire· 2026-02-25 21:05
Louisville, Colorado, Feb. 25, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (Nasdaq: BNC) ("BNC" or the "Company"), a growth-oriented company focused on managing the world’s largest corporate treasury of BNB, today issued a letter to shareholders from CEO David Namdar reaffirming the Company’s balance sheet strength, long-term treasury strategy, and commitment to strong corporate governance. The full text of the letter follows: Dear Shareholders, It has been some time since I’ve written to you directly, and ...
YZi Labs Urged to Disclose a Complete Copy of Secret Side Agreement, Which Remains Secret to this Day
Globenewswire· 2026-02-24 22:05
Partially disclosed copy hides YZi Labs’ fees Non-disclosure provision ensured the SSA remained secret LOUISVILLE, CO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: BNC) (“BNC” or the “Company”), a growth-oriented company focused on managing the world’s largest corporate treasury of BNB, again called upon YZILabs Management Ltd. (“YZi Labs”) to disclose the full agreement (the “Secret Side Agreement”) between YZi Labs and 10X Capital Asset Management LLC (“10X”): The Secret Side Agreement i ...
YZi Labs Responds to CEA Industries' Proposed Amendments to Asset Management Agreement
Globenewswire· 2026-02-23 21:00
Welcomes Long-Overdue Acknowledgment of Stockholder Concerns Calls for Recusal of 10X-Affiliated Directors from AMA Discussions and Full Public Disclosure of Proposed AMA Amendments Reaffirms the Importance of Board Independence and Protection of Stockholder Rights ROAD TOWN, British Virgin Islands, Feb. 23, 2026 (GLOBE NEWSWIRE) -- YZILabs Management Ltd. (“YZi Labs”, “YZi”, “we”), a significant stockholder of CEA Industries Inc. (NASDAQ: BNC) (“BNC” or the “Company”), today issued the below statement in r ...
CEA Industries Board Advances Plan to Revise Asset Management Deal
Globenewswire· 2026-02-18 21:05
Proposed amendment aims to lower management fees, reduce term and modify termination provision Louisville, Colorado, Feb. 18, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (Nasdaq: BNC) ("BNC" or the "Company"), a growth-oriented company focused on managing the world’s largest corporate treasury of BNB, today announced that BNC’s Board of Directors (the “Board”) has made a proposal to 10X Capital Asset Management LLC ("10X") to amend the Company's Asset Management Agreement (the "AMA"). Among other enhanceme ...
YZi Labs Calls on 10X Capital and Director Hans Thomas to Immediately Disclose Their Beneficial Ownership of CEA Industries
Globenewswire· 2026-02-18 15:30
ROAD TOWN, British Virgin Islands, Feb. 18, 2026 (GLOBE NEWSWIRE) -- YZILabs Management Ltd. (“YZi Labs”) today announced that it has formally delivered a letter to 10X Capital Asset Management LLC, its affiliated entities, and certain related individuals (together, “10X Capital”) regarding its significant concerns that 10X Capital appears to have breached Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with 10X Capital’s ownership of shares of common stock ...
CEA Industries (BNC) Issues Statement Refuting YZi Labs’ Latest False and Reckless Claims
Globenewswire· 2026-02-13 21:30
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].
CEA Industries (BNC) Issues Statement Refuting YZi Labs' Latest False and Reckless Claims
Globenewswire· 2026-02-13 21:30
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].
CEA Industries Appoints Accounting and Compliance Expert Glenn W. Tyranski to Its Board of Directors
Globenewswire· 2026-02-09 21:05
Core Viewpoint - CEA Industries Inc. has appointed Glenn W. Tyranski to its Board of Directors, enhancing the board's expertise in finance, accounting, and regulatory compliance as the company continues to grow and advance its BNB treasury strategy [1][3]. Group 1: Appointment Details - Glenn W. Tyranski's appointment is effective immediately and is part of the Nominating & Governance Committee's search for qualified independent directors [1]. - Following Mr. Tyranski's appointment, the Board now consists of six directors, with half having joined in the last five months [3]. Group 2: Background of Glenn W. Tyranski - Mr. Tyranski has over 30 years of experience in corporate governance, investor relations, financial reporting, and regulatory compliance [2]. - He has held executive positions at The New York Stock Exchange and has experience with major public accounting and consulting firms, including FTI Consulting, Ernst & Young, and KPMG [2][4]. - Currently, he is a partner at WWC, P.C., and serves as an Executive In Residence and Assistant Technical Professor at King's College, as well as an Adjunct Professor at Long Island University [4][6]. Group 3: Contributions and Expectations - The Chairman and President of CEA Industries expressed excitement about Mr. Tyranski's addition to the Board, highlighting his critical expertise as the company grows as a public entity [3]. - Mr. Tyranski aims to provide effective oversight and leverage his experience to address the challenges and opportunities facing CEA Industries [3].
YZi Labs Calls on CEA Industries to Ensure Stockholders Can Exercise Written Consent Rights
Globenewswire· 2026-02-06 18:30
ROAD TOWN, British Virgin Islands, Feb. 06, 2026 (GLOBE NEWSWIRE) -- YZILabs Management Ltd. (“YZi Labs”), a significant stockholder of CEA Industries Inc. (NASDAQ: BNC) (“BNC” or the “Company”), today announced that it has delivered a letter to the Company’s Board of Directors (the “Board”) requesting that the Company clarify how the recently amended and restated bylaws (the “Amended and Restated Bylaws”) will be applied in connection with stockholders’ ability to act by written consent. YZi Labs believes ...
CEA Industries Requests That 10X Capital and YZi Labs Terminate Their Secret Side Agreement
Globenewswire· 2026-02-04 17:30
Previously hidden agreement prohibits 10X from renegotiating key provisions of its Asset Management Agreement with the Company Board of Directors intends to seek improvements to the AMA’s terms LOUISVILLE, CO, Feb. 04, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: BNC) (“BNC” or the “Company”) today requests YZILabs Management Ltd. (“YZi Labs”) and 10X Capital Asset Management LLC (“10X”) to confirm that their secret side agreement (the “Secret Side Agreement”) relating to 10X’s asset management ag ...