YZi Labs Seeks Control Over CEA Industries, Pushing for Leadership Change

CZ’s YZi Labs has initiated a bid to gain control of CEA Industries, the publicly traded firm that manages Binance’s treasury. The move comes after months of tension surrounding delayed updates, unclear investor relations, and an increasingly wide gap between the company’s stock price and its crypto holdings. YZi Labs is seeking to reverse recent bylaw changes, expand the board with new directors, and install its own nominees in key positions. This initiative is detailed in a written consent statement filed with the SEC. ]