YZi Labs sent a letter to the CEA Industries board, requesting clarification on false news and full disclosure of related party transactions involving a certain director

YZi Labs issued a letter to the board of CEA Industries stating that CEA Industries' claim of a "secret agreement" with YZi Labs is completely false. The board was already aware of the contents of the agreement, and the law firm Winston & Strawn also provided advice, with board members Alexander Monie, Hans Thomas, and then-CEO of 10X Capital Namdar being involved throughout. The so-called "secret" is merely a misleading statement to the public.

The request by CEA to terminate the Strategic Services Agreement (SSA) is equally absurd. YZi Labs terminated the agreement on December 11, 2025, and formally notified the board in writing on December 13. The SSA did not result in any payments and does not affect the negotiations of the 10X asset management agreement.

The board is attempting to cover up the facts under the guise of an "investigation," concealing their inaction regarding known circumstances. YZi Labs calls on the board to immediately clarify the misleading statements, fully disclose the related party transactions involving Hans Thomas, and effectively safeguard shareholder interests.