YZi Labs Seeks Control of CEA Industries, Raising Concerns About Governance in Crypto Treasury Firms

CZ’s YZi Labs has launched a bold move to overhaul the leadership of CEA Industries, a publicly traded BNB-focused firm. The initiative follows months of pressure from investors due to slow progress, communication shortcomings, and a widening gap between the company’s stock price and its crypto holdings. The firm filed a written consent statement with the SEC outlining their plans for significant changes at the company. This includes reversing recent bylaw changes, expanding the board, and installing YZi Labs’ own nominees on the board. The proposed changes aim to address operational delays and restore confidence among investors.