YZiLabs: Plans to Expand the BNC Board of Directors

Jinse Finance reported that YZiLabs has submitted a preliminary consent statement to the US SEC, proposing to expand the board size of Nasdaq-listed company CEA Industries Inc. (BNC) and elect several new directors through a written shareholder consent solicitation. YZiLabs stated that its investment in BNC is based on confidence in the company's fundamentals, its BNB-centric Digital Asset Treasury (DAT) strategy, and its potential to become a "category-defining DAT company." However, since completing a $500 million PIPE financing this summer, BNC's stock price performance has clearly diverged from this logic, even though BNB's price has seen a considerable increase during the same period. YZiLabs said it will soon announce the specific list of board candidates, aiming to unlock the company's potential value through stronger board governance without undermining BNC's Digital Asset Treasury vision.