YZi Labs Management Ltd., a significant shareholder of CEA Industries Inc., has called on the company’s Board of Directors to clarify the implementation of recently amended and restated bylaws regarding shareholders’ ability to act by written consent. YZi Labs, led by Changpeng Zhao and joined by participants including Max Baucus Sieben, David James Chapman, Marie Teresa Goody Guillené, Jiajin He, Alex Odagiu, Matthew Roszak, and Ling Zhang, has delivered a letter to the Board expressing concerns that procedural requirements in the new bylaws could hinder shareholders’ participation in the consent process. The investment firm has filed a preliminary consent statement with the Securities and Exchange Commission, seeking to expand the Board and elect new directors, and is urging all shareholders to review the consent materials as they become available. YZi Labs highlights that under the amended bylaws, only holders of record may execute written consents directly, potentially creating logistical barriers for shareholders whose shares are held through brokers or nominees.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CEA Industries Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9650513) on February 06, 2026, and is solely responsible for the information contained therein.