YZi Labs and CEA Industries Reach Cooperation Agreement, Ending Proxy Battle

PANews, June 24 – According to a report by Globenewswire, Nasdaq-listed BNB treasury company CEA Industries Inc. (Nasdaq: BNC) has announced a cooperation agreement with YZi Labs to strengthen BNC governance. Under the agreement, the board of directors has appointed Ella Zhang, Alex Odagiu, and Matthew Roszak as directors, all of whom bring experience in digital asset investment and the BNB ecosystem. YZi Labs will terminate its previously initiated written consent solicitation and proxy contest, and withdraw related books and records inspection demands. The board will establish a CEO search committee and appoint YZi Labs partner Alex Odagiu as interim president, reporting to the board until a new CEO is appointed. Current CEO David Namdar will continue to serve during the transition period.

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