EasyLabs: "CEA Industries' BNB Purchase Board Operates Autocratically"

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EasyLabs (formerly Binance Labs) released a statement criticizing CEA Industries, a NASDAQ-listed company heavily invested in BNB, for "ignoring the voices of shareholders and excessively expanding their authority." They emphasized, "The board is currently attempting to introduce a poison pill (the right for existing shareholders to purchase shares at a price below the market price in the event of an attempted takeover of management rights), which is unfriendly to shareholders. Furthermore, most shareholders invested in CEA Industries based on its BNB-focused strategy, but the board is attempting to change this strategy. The board is prioritizing self-interest over the interests of the company."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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