On March 24, 2026, CEA Industries Inc. (NASDAQ: BNC) announced that its Board of Directors has reviewed the request from YZILabs Management Ltd. to set a record date for determining stockholders entitled to consent in connection with YZi Labs' proposed consent solicitation. The Board determined that the request was deficient due to the omission of material information required under the Company's bylaws. Consequently, the Board has not set a record date, and YZi Labs may not proceed with its proposed solicitation. The Board emphasized the importance of transparency and adherence to bylaws in ensuring orderly and informed consent solicitations. They highlighted that the bylaws require stockholders seeking to solicit consents to provide specific information about themselves and related parties. The Board's decision reflects its commitment to governance and protecting the interests of all stockholders. CEA Industries reassured its stockholders that they are not required to take any action at this time, and should YZi Labs submit a new request that complies with the bylaws, the Board will review it accordingly.

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