YZi Labs addresses the CEA Industries Board of Directors: Requesting clarification on false news and full disclosure of a director's related-party transaction

GateUser-6433627c · 2026-02-10T15:30:22+00:00

YZi Labs sent a letter to the CEA Industries Board of Directors denying the existence of the so-called "secret agreement" and stating that the board members have been aware of this for some time. YZi has terminated the Strategic Services Agreement (SSA) in 2025 and has requested the board to clarify the misleading statement to protect shareholders' rights.

GateUser-6433627c

2026-02-10 15:30:22

Abstract generation in progress

On February 10th, YZi Labs issued a letter to the Board of Directors of CEA Industries stating that CEA Industries claims there is a “secret agreement” with YZi Labs, which is completely false. The contents of the agreement have been known to the board for some time, and law firm Winston & Strawn also provided advice; board members Alexander Monie, Hans Thomas, and then-10X Capital CEO Namdar were involved throughout. The so-called “secret” is merely a misleading statement to the public. CEA’s demand to terminate the Strategic Services Agreement (SSA) is also absurd. YZi Labs terminated the agreement on December 11, 2025, and notified the board in writing on December 13. The SSA has not resulted in any payments and does not affect the negotiations of the 10X asset management agreement. The board attempts to conceal the facts under the guise of an “investigation” and cover up their inaction regarding known circumstances. YZi Labs urges the board to immediately clarify the misleading statements, fully disclose related transactions involving Hans Thomas, and genuinely protect shareholders’ interests.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.