CZ’s YZi Labs Launches Boardroom Coup for Control of BNB-Rich CEA Industries

Changpeng Zhao's investment vehicle, YZi Labs, has launched an aggressive takeover bid for CEA Industries Inc. (NASDAQ: BNC), filing a consent solicitation with the SEC to replace directors and reverse recent governance changes. The MOVE targets one of the largest institutional holders of BNB tokens, despite the company's collapsing share price.

The preliminary Schedule 14A submission seeks shareholder approval to expand BNC's board, repeal bylaw amendments enacted after July, and install YZi Labs' director nominees. A successful consent solicitation WOULD allow this restructuring without convening a shareholder meeting—an unusual maneuver in corporate activism.

YZi Labs, which holds 5% of outstanding shares, accuses current leadership of disclosure failures and operational stagnation. This power play highlights the growing institutional interest in cryptocurrency treasury plays, even as traditional markets struggle to value blockchain assets. This could signal a major strategic shift for a key BNB holder.