YZi Labs calls on 10X Capital and its director Hans Thomas to immediately disclose their actual ownership of CEA Industries YZi Labs stated on its official blog that it has sent formal letters to 10X Capital Asset Management and related parties, accusing them of violating Section 13 (d) and Section 16 (a) of the Securities Exchange Act of 1934 by failing to disclose their actual beneficial ownership of CEA Industries Inc. common stock as required. YZi Labs pointed out that according to publicly available information, 10X Capital has beneficially held over 5% of BNC's outstanding common stock since the end of 2025, but has not submitted Schedule 13d to disclose the formation of the holding group. Meanwhile, Hans Thomas, the founding partner of 10X Capital who serves as a director of BNC, failed to submit Form 3 to the SEC and fulfill the initial shareholding reporting obligation under Section 16 (a). YZi Labs stated that it submitted its initial Schedule 13d on time on November 26, 2025, and promptly submitted revised documents after changes in shareholding due to company repurchases and issuances. In order to maintain the consent solicitation process and exercise shareholder rights under Nevada law, YZi Labs chooses to form a group with other shareholders and fulfill disclosure obligations in accordance with regulations. Alex Odagiu, investment partner at YZi Labs, emphasized that SEC disclosure rules are not "personal preferences" or "optional internal management," but rather a fundamental obligation that anyone wishing to serve as a director of a publicly traded company must comply with. YZi Labs calls on 10X Capital to immediately disclose its actual beneficial ownership of BNC in accordance with Article 13 (d), and requests Hans Thomas to submit Form 3 as soon as possible to disclose its shareholding.