CZ Zhao and YZi Labs Push for Board Overhaul at BNB Treasury Firm CEA Industries
The post CZ Zhao and YZi Labs Push for Board Overhaul at BNB Treasury Firm CEA Industries appeared on BitcoinEthereumNews.com.
Binance co-founder Changpeng “CZ” Zhao, through YZi Labs, is pushing for a board expansion and management changes at CEA Industries (BNC), a publicly traded BNB treasury firm, to address underperformance and restore shareholder value amid a 92% stock drop since July 2025. YZi Labs filed a consent statement with the SEC urging shareholders to support new directors with crypto expertise. The proposal aims to repeal conflicting bylaws and improve oversight of operations lacking timely investor updates. BNC shares have fallen over 92% to $6.47, underperforming BNB’s value which hit an all-time high of $1,369 in October 2025. CZ Zhao’s YZi Labs targets BNC management overhaul: Board expansion, new nominees to fix stock slump. Act now for better governance in BNB treasury—read details and implications for investors. What Changes Is CZ Zhao Proposing for BNC Management Through YZi Labs? CZ Zhao, the co-founder of Binance, is backing YZi Labs’ efforts to overhaul the management and board at CEA Industries Inc. (BNC), a publicly traded firm managing a BNB treasury. The investment firm filed a consent statement with the U.S. Securities and Exchange Commission (SEC) on November 27, 2025, calling for an expansion of the board of directors to include experienced nominees from YZi Labs. This move seeks to tackle the company’s stock price underperformance, operational shortcomings, and lack of transparent communication with investors. Why Is YZi Labs Challenging BNC’s Current Leadership? YZi Labs, holding approximately 2.1 million shares—about 5% of BNC’s outstanding shares valued at around $14 million—participated in the firm’s $500 million private investment in public equity (PIPE) earlier in summer 2025, recognizing the potential of a listed BNB treasury vehicle. However, concerns arose shortly after the treasury plan’s unveiling, with representatives contacting board director Hans Thomas about delayed investor updates and minimal media engagement. The filing details over a…
Filed under: News - @ December 2, 2025 4:27 am