YZiLabs said in a post that it has submitted a preliminary consent statement to the US SEC to expand the board of directors of Nasdaq-listed CEA Industries Inc. (BNC) and elect several new directors by soliciting written consent from shareholders. YZiLabs said that its investment in BNC is optimistic about the company's fundamentals, the digital asset treasury (DAT) strategy centered on BNB, and the potential to become a "category-defining DAT company". However, since the completion of the $500 million PIPE financing this summer, BNC's share price performance has clearly deviated from this logic, even though the price of BNB has risen significantly during the period.
YZiLabs said that it will soon announce the list of specific director candidates, with the goal of unlocking the potential value of the company through stronger board governance without undermining the vision of BNC's digital asset treasury.
YZiLabs plans to expand the size of BNC's board of directors
2025-11-27 22:28:38
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