Workflow
BNB DAT Strategy
icon
Search documents
CEA Industries (Nasdaq: BNC) Responds to YZi Labs, Re-Affirms Commitment to BNB DAT Strategy, and Welcomes Shareholder Engagement
Globenewswireยท 2025-12-05 00:56
Core Viewpoint - CEA Industries Inc. reaffirms its commitment to becoming the world's largest BNB treasury company amidst shareholder communications and proposals for board changes [2][3][5]. Group 1: Company Commitment and Strategy - The company holds 515,554 BNB tokens, valued at approximately $464.6 million based on a price of $901.27 per BNB as of December 4, 2025 [4]. - CEA Industries has not considered alternative tokens for its digital asset treasury strategy since the July PIPE investment [4]. - The company values its relationship with YZILabs Management Ltd. as a significant shareholder and strategic partner, and is open to constructive discussions regarding shareholder concerns [6]. Group 2: Board Composition and Changes - The current board consists of a majority of independent directors, complying with Nasdaq rules, and has recently strengthened by appointing Annemarie Tierney and Carly E. Howard as independent directors [5]. - The company is engaging in discussions with YZi to address concerns and explore potential solutions to enhance shareholder value [6]. Group 3: Shareholder Communication - Shareholders are advised that no action is required from them at this time [1][7]. - The company intends to file a consent revocation statement in response to YZi's consent solicitation [11].