YZi Labs accuses 10X Capital of failing to disclose its stake of over 5% in BNC and requests SEC intervention

According to market news, YZi Labs stated that it estimates from CEA Industries (BNC) disclosure documents that 10X and its affiliates may exceed 5% ownership by the end of 2025 due to large warrant exercises, triggering the 13D filing threshold, but no corresponding disclosure has been seen; it also questions whether the board's "poison pill" and other concerted actions and related relationships may constitute an undisclosed "group," demanding immediate supplemental disclosure to the SEC.