YZi Labs Clarifies Termination of Strategic Services Agreement

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: 2d ago

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Source: Newsfilter

Strategic Agreement Clarification: YZi Labs confirmed the formal termination of its Strategic Services Agreement with 10X Capital on December 11, 2025, with notification to the BNC Board on December 13, emphasizing the company's commitment to transparency and shareholder interests.
Fee Waiver Proposal: Prior to the termination, YZi Labs repeatedly offered to waive its fees under the Strategic Services Agreement to reduce operating costs and support improved performance, demonstrating its concern for BNC shareholders.
Transparency in Disclosure: YZi Labs publicly disclosed the Strategic Services Agreement in SEC filings on November 26 and December 1, 2025, refuting BNC's claims of secrecy and highlighting its communication transparency with BNC management.
Shareholder Engagement Advocacy: YZi Labs is seeking to expand the BNC Board through a preliminary consent statement, indicating its commitment to improving corporate governance structures and long-term value creation.

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About BNC

CEA Industries Inc. is a growth-oriented company focused on building businesses in regulated consumer markets. It focuses on the Canadian nicotine vape industry. The Company, through its subsidiary, Surna Cultivation Technologies LLC, is focused on selling environmental control and other technologies and services to the Controlled Environment Agriculture (CEA) industry. Its service and product offerings include floor plans and architectural design of cultivation facilities; licensed mechanical, electrical, and plumbing (MEP) engineering of commercial scale environmental control systems specific to cultivation facilities; process cooling systems and other climate control systems; air handling equipment and systems; benching and racking solutions for indoor cultivation; and others. The Company also provides capital, operational expertise, and strategic resources to accelerate retail expansion, strengthen e-commerce infrastructure, and drive value creation in performance-driven sectors.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

YZi Labs Seeks Clarification on Shareholder Written Consent Procedures

9 hours agoNewsfilter

Shareholder Rights Concern: YZi Labs has delivered a letter to CEA Industries' Board requesting clarification on how the recently amended bylaws affect shareholders' ability to act by written consent, believing that the new bylaws could materially chill shareholder actions despite the company's claims to the contrary.
Increased Procedural Complexity: The amended bylaws stipulate that only record holders may execute written consents directly, which means that most shareholders holding shares through brokers will face multiple intermediary steps, introducing significant logistical burdens and uncertainty that may deter shareholder participation.
Request for Waiver of Execution Requirements: YZi Labs is asking the company to waive certain execution requirements to ensure that written consents can be submitted through customary brokerage and nominee processes, emphasizing that the practical use of these rights is crucial for shareholders' interests.
Commitment to Constructive Engagement: YZi Labs expresses its commitment to ongoing constructive engagement with the company and its Board, believing that ensuring a fair and orderly consent process is in the best interests of all shareholders, highlighting its focus on corporate governance.

Purpose Investments Announces 2025 Capital Gain Distributions

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YZi Labs Seeks Clarification on Shareholder Written Consent Procedures

9 hours agoGlobenewswire

Shareholder Rights Concern: YZi Labs has sent a letter to CEA Industries' Board requesting clarification on how the recently amended bylaws affect shareholders' ability to act by written consent, arguing that the new bylaws could materially chill shareholder actions despite the company's claims to the contrary.
Increased Procedural Complexity: Under the new bylaws, only record holders can execute written consents directly, meaning that most shareholders holding shares through brokers will face multiple intermediary steps, introducing significant logistical burdens and uncertainty in the consent process.
Request for Waiver of Execution Requirements: YZi Labs is asking the company to waive certain execution requirements for the ongoing consent solicitation and to confirm that written consents submitted through customary brokerage and nominee processes will be accepted, ensuring shareholders can effectively exercise their rights.
Commitment to Constructive Engagement: YZi Labs emphasizes its commitment to constructive engagement with the company and its Board, believing that ensuring a fair and orderly consent process is in the best interests of all shareholders, highlighting the critical importance of the practical usability of shareholder rights.

YZi Labs Clarifies Termination of Strategic Agreement

2 days agoGlobenewswire

Transparency of Agreement: YZi Labs emphasizes that the Strategic Services Agreement (SSA) was not secretive, as all relevant parties were aware of its terms, reinforcing the company's commitment to transparency and governance, which is crucial for building shareholder trust.
Termination Notification: YZi Labs formally terminated the SSA on December 11, 2025, with written notice to 10X Capital and informed the BNC Board on December 13, ensuring all parties were aware of the termination to minimize future misunderstandings.
Fee Waiver Proposal: Prior to the termination of the SSA, YZi Labs repeatedly offered to waive fees to reduce operating costs, demonstrating a proactive approach to improving the company's financial performance while also reflecting a focus on shareholder interests.
Commitment to Shareholder Communication: YZi Labs stated its intention to maintain open communication with BNC shareholders to ensure transparency and prevent misinformation from distracting from governance issues, aiming to enhance the company's long-term value creation capabilities.