CEA Industries Inc.

Reporting person: YZiLabs Management Ltd.(group)

YZiLabs seeks board expansion and 7 director nominees at CEA Industries

Contested meetinghigh confidence9.4% stake

Contest Strategydissident slate, solicitors, demands

Contested meeting

What's being contested

Board seatsBylaw amendment

IssuerCEA Industries Inc.

Issuer solicitor—

Reporting personYZiLabs Management Ltd. (group)

Dissident solicitorSaratoga Proxy Consulting, LLC

Stake4,255,043 sh9.4%

Dissident counsel—

Cost basis—

Meeting date—

Record date—

Dissident slate (7)

Max S. Baucus
David J. Chapman
Teresa Marie Goody Guillén
Jiajin "Jane" He
Alex Odagiu
Matthew Roszak
Ling "Ella" Zhang

Primary demands

board expansion from 6 to 13 directors
board reconstitution with qualified nominees
effective management oversight
address stock price underperformance
restore investor confidence
stockholder control of board vacancies
bylaw restoration to prevent board amendments

Advisors

No advisor data on record for this deal.

Sources

SEC Filing

YZiLabs Management Ltd. and co-filers, holding 9.4% of CEA Industries Inc. (BNC), are soliciting written consents to expand the board from 6 to 13 directors and elect seven nominees. The dissident group is seeking board reconstitution to address stock underperformance, operational issues, and restore investor confidence. The consent solicitation requires approval by holders of a majority of outstanding shares.

Item id: 6dd16b48-61ac-4aa1-8d65-b0bef58016d7 · ingested Apr 24, 2026