BNC board proposes AMA fee cut from 1.75% to 0.50% of NAV; says 10X stalling

CEA Industries Inc.

Proposed amendments: mgmt fee 1.75% to 0.50% of NAV, term 20 to 2 years, lower liquidated damages.
Board says 10X only offered nominal concession; net fee likely higher after YZi side agreement termination.
10X engaged consulting firm to benchmark terms; board views as stall tactic, no results shared.
Board cannot unilaterally amend or terminate AMA without substantial break fee; will continue efforts.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.