Based on Blockbeats, on November 28, YZi Labs Management Ltd. announced it has submitted a preliminary consent statement to the U.S. Securities and Exchange Commission (SEC) to seek shareholder approval to expand the board of directors of CEA Industries Inc. (NASDAQ: BNC). YZi Labs, a major shareholder, cited concerns over weak strategic execution, insufficient investor communication, and operational gaps following BNC's $500 million PIPE financing in the summer. The company aims to appoint experienced directors to strengthen governance and address underperformance.
YZi Labs Submits Preliminary Consent Statement to SEC to Expand CEA Industries Board
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