YZi Labs sent a letter to the board of directors of CEA Industries, requesting clarification of the false news and full disclosure of a certain director's related-party transactions.

This article is machine translated
Show original

According to Foresight News , YZi Labs issued a letter to the board of directors of CEA Industries stating that CEA Industries' claim of a "secret agreement" with YZi Labs is completely untrue. The board was already aware of the agreement's contents, with advice provided by the law firm Winston & Strawn, and board members Alexander Monie, Hans Thomas, and then-10X Capital CEO Namdar involved throughout the process. The so-called "secret" claim is merely misleading public opinion. CEA's demand to terminate the Strategic Services Agreement (SSA) is equally absurd. YZi Labs terminated the agreement on December 11, 2025, and notified the board in writing on December 13. The SSA did not generate any payments and did not affect negotiations for the 10X asset management agreement. The board is attempting to cover up the facts under the guise of an "investigation," concealing its inaction regarding known information. YZi Labs calls on the board to immediately clarify the misleading statements, fully disclose related-party transactions involving Hans Thomas, and genuinely protect shareholder interests.

Source
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.
Like
Add to Favorites
Comments