YZi Labs and CEA Industries Reach Cooperation Agreement to Strengthen BNC Governance
YZi Labs to Finish Consent Solicitation Following Governance and Management Settlement
Board Appoints Ella Zhang, Alex Odagiu, Matthew Rozak, bringing extra Digital Asset Business Experience and BNB Ecosystem Perception to Help Lengthy-Time period Stockholder Worth
Firm to Type CEO Search Committee and Appoints YZi Labs Associate Alex Odagiu as Interim President
LOUISVILLE, CO, June 23, 2026 (GLOBE NEWSWIRE) — CEA Industries Inc. (Nasdaq: BNC) (“BNC” or the “Firm”), a growth-oriented firm targeted on managing the world’s largest company treasury of BNB, and YZILabs Administration Ltd. (“YZi Labs”) immediately introduced that they’ve entered right into a cooperation settlement dated June 23, 2026.
Highlights of the cooperation settlement embrace:
– Board Composition: The Board has appointed Ella Zhang, Alex Odagiu and Matthew Roszak as administrators of the Firm successfully instantly. The brand new administrators have joined BNC’s current Board members, Carly E. Howard, Annemarie Tierney and Glenn Tyranski. BNC and YZi Labs will collectively seek for an extra impartial director with in depth digital belongings, capital markets and public firm governance expertise.
– CEO Search and Interim President: The Board will type a Chief Government Officer Search Committee, with a concentrate on candidates with important public firm and digital asset expertise. Alex Odagiu will be a part of the BNC government crew as Interim President, reporting on to the Board, till no less than the appointment of the brand new Chief Government Officer. As beforehand introduced, David Namdar will proceed to serve in his position as Chief Government Officer throughout this transition interval.
– Termination of Proxy Contest: YZi Labs has agreed to terminate its consent solicitation, and withdraw associated books and data calls for and file date requests. YZi Labs has additionally agreed to stick to different long-term customary voting commitments and standstill provisions.
“At the moment’s settlement between the Board and YZi Labs displays the sort of constructive, forward-looking collaboration that creates actual worth for BNC and its stockholders,” mentioned Carly E. Howard, Chair of the Board of CEA Industries. “Ella, Alex and Matt convey deep, straight related expertise throughout the BNB ecosystem, digital asset investing, enterprise constructing and institutional capital markets, and we sit up for working with them and YZi Labs to assist long-term stockholder worth.”
“The subsequent technology of digital asset treasury firms won’t be outlined solely by what they maintain, however by how thoughtfully they govern, allocate and construct round these belongings,” mentioned Ella Zhang, Managing Associate and Head of YZi Labs. “BNB is compelling as a result of its worth is tied to utility: it powers transaction charges, community participation, purposes, liquidity and financial exercise throughout one of many world’s most lively blockchain ecosystems. For BNC, the chance is to translate that publicity into an institutional platform with transparency, self-discipline and long-term alignment. That’s the work we’re excited to assist advance with BNC’s Board.”
Incoming Interim President Alex Odagiu remarked, “Becoming a member of BNC at this vital time for the way forward for the Firm and the BNB Chain is a welcome alternative. BNB Chain sits on the heart of a quickly increasing digital financial system spanning decentralized finance, funds, stablecoins, tokenized belongings, AI-native purposes and agentic finance, and BNC can function a public-market car for disciplined, clear publicity to that ecosystem.”
BNC’s Board of Administrators and YZi Labs consider {that a} reconstituted and expanded Board, a long-term dedication from our largest shareholder and founding father of the BNB Chain, and a clear construction for choosing long-term government management, positions the Firm to higher execute towards that imaginative and prescient and construct a differentiated platform on the intersection of public capital markets and the way forward for finance.
The total cooperation settlement can be filed with the SEC as an exhibit to the Firm’s Type 8-Okay and to YZi Labs’ Schedule 13D modification.
In regards to the New Administrators
Ella Zhang brings venture-building, digital asset investing and world expertise management expertise to the Board. She is Managing Associate and Head of YZi Labs and was the founding head of Binance Labs. A Stanford GSB graduate and former Kleiner Perkins investor, Ms. Zhang has additionally held management roles at Google and Tencent and has firsthand founder expertise constructing AI-enabled firms. Her background combines Silicon Valley enterprise self-discipline, Asia market perception and working expertise throughout rising expertise sectors.
Alex Odagiu brings BNB ecosystem, digital asset investing and institutional finance expertise to the Board. As an Funding Associate at YZi Labs, he helps lead token, fairness and strategic investments and has labored intently with founders throughout the BNB Chain ecosystem, together with by way of the Most Priceless Builder accelerator program. Earlier in his profession, Mr. Odagiu labored in funding banking at Goldman Sachs Worldwide. He holds an M.A. (Hons) in Economics and Arithmetic from the College of St Andrews.
Matthew Roszak brings a long time of blockchain infrastructure, enterprise investing and digital asset coverage expertise to the Board. He’s Co-Founder and Chairman of Bloq, and Founding Associate of Tally Capital, which has backed main blockchain and digital asset firms. He additionally serves as Chairman of the Advisory Board of The Digital Chamber. Mr. Roszak’s expertise spans blockchain infrastructure, institutional adoption, digital asset coverage, governance and early-stage Web3 firm constructing.
Annual Stockholder Assembly
CEA Industries’ 2026 Annual Stockholder Assembly can be held on July 22, 2026. Stockholders of file as of the shut of enterprise on the file date established by the Board of Administrators can be entitled to obtain discover of and vote on the Annual Assembly.
Further data relating to the Annual Assembly, together with the issues to be thought-about and voting procedures, can be offered within the Firm’s proxy supplies to be filed with the U.S. Securities and Change Fee.
About CEA Industries Inc.
CEA Industries Inc. (Nasdaq: BNC) is a growth-oriented firm that has targeted on constructing category-leading companies in client markets, together with constructing and managing the world’s largest company treasury of BNB.
About YZi Labs
YZILabs Administration Ltd. is a worldwide funding agency managing over $10 billion in belongings, investing throughout Web3, AI, and biotech. YZi Labs is dedicated to strategic, clear, and high-governance participation within the digital asset ecosystem — advancing best-in-class oversight, operational integrity, and long-term shareholder alignment in all funding partnerships.
Ahead-Trying Statements
This press launch comprises statements that represent “forward-looking statements.” The statements on this press launch that aren’t purely historic are forward-looking statements which contain dangers and uncertainties. BNC needs to warning readers that these forward-looking statements could also be affected by the dangers and uncertainties in BNC’s enterprise in addition to different necessary components which will have affected and will sooner or later have an effect on BNC’s precise outcomes and will trigger BNC’s precise outcomes for subsequent intervals to vary materially from these expressed in any forward-looking assertion made by or on behalf of BNC. In evaluating these forward-looking statements, readers ought to contemplate varied threat components, together with BNC’s capability to maintain tempo with new expertise and altering market wants; BNC’s capability to finance its present enterprise and proposed future enterprise, together with the power to finance the continued acquisition of BNB; the aggressive atmosphere of BNC’s enterprise; and the longer term worth and adoption of BNB. Ahead-looking statements are topic to quite a few situations and dangers, a lot of that are past BNC’s management. As well as, these forward-looking statements and the knowledge on this press launch are certified of their entirety by cautionary statements and threat issue disclosures contained in BNC’s filings with the SEC. Copies of BNC’s filings with the SEC can be found on the SEC’s web site at http://www.sec.gov. BNC undertakes no obligation to replace these statements for revisions or modifications after the date of this press launch, besides as required by legislation.
Contacts
CEA Industries Media Inquiries:
Edelman Smithfield
CEA@edelmansmithfield.com
CEA Industries Investor Relations:
james@haydenir.com
YZi Labs Media Contact:
media@yzilabs.com
