YZi Labs seeks control of CEA Industries board via consent solicitation; board opposes

CEA Industries Inc.

YZi Labs requested record date to expand board from 6 to 13 directors and elect its seven nominees.
Six of seven nominees are or have been employees, investors or advisors of CZ, YZi Labs or Binance.
Company says successful consent would transfer control of the board without a control premium.
Board will review validity of request; if valid, will set record date and file consent revocation statement.
Stockholders urged to consider consequences; no action required at this time.

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