CEA Industries responds to YZi Labs: has never considered selecting other tokens in DAT, reiterates commitment to BNB treasury strategy
Dec 05, 2025 20:43:28
According to Globenewswire, BNB Treasury Company CEA Industries (NASDAQ: BNC) responded to YZi Labs' statement, stating that since the PIPE financing in July, BNC has never considered choosing other tokens for the company's digital asset reserve strategy, nor has it initiated any competitive DAT projects. As of December 4, 2025, the company holds 515,554 BNB tokens, valued at approximately $464.6 million.
Two days before YZi issued a press release, it submitted a preliminary consent statement proposing to expand and restructure the board of directors. Currently, the company's board members are predominantly independent directors, in compliance with NASDAQ rules, and all directors possess the knowledge and experience necessary to effectively oversee the company's operations and create value for shareholders. The company values shareholder opinions and always welcomes feedback and constructive improvement suggestions. The company's board has directly contacted YZi to establish an open dialogue channel regarding YZi's concerns and potential solutions, reviewing the issues raised by YZi. Currently, shareholders need not take any action.
Previously, it was reported that YZi Labs sought to expand the board of directors of BNB Treasury Company CEA Industries to improve strategic execution and oversight. YZi Labs issued a corrective notice to 10X Capital, warning CEA Industries shareholders of its "destructive behavior."
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