According to Foresight News , Alex Odagiu, an investment partner at YZi Labs, tweeted that he has sent a letter to the board of directors of CEA Industries. He accused the company of recklessly refusing to hold its annual general meeting and warned that this move could lead to the company's delisting from Nasdaq. The letter points out that more than 400 days have passed since the last shareholders' meeting (December 17, 2024). The board is attempting to exploit a loophole in the rules by changing the fiscal year-end date to April 30 to extend the meeting interval to 16 months, aiming to evade shareholder voting.
Alex Odagiu stated that the board secretly passed a "poison pill plan" and amended the bylaws on December 26, 2025, during a holiday to obstruct shareholder democracy. The letter emphasizes that while the board attempted to comply technically, its malicious manipulation could trigger Nasdaq's delisting discretion. YZi Labs demands that the board immediately announce the date of the 2025 Annual General Meeting and cease its actions to preserve its position by jeopardizing the company's listing status.
According to a previous report by Foresight News , YZi Labs released a letter sent to the board of directors of CEA Industries on February 10, requesting them to clarify the false news and fully disclose a director's related-party transactions.
