金色财经
金色财经|Feb 24, 2026 07:42
[BNC Asset Management Agreement Revision Controversy Escalates: YZi Labs Demands Retraction of False Allegations and Calls 'Secret Side Agreement' Defamatory] Reported by Jinse Finance, YZi Labs issued a statement regarding the CEA Industries (BNC) board's proposal to amend the asset management agreement signed with 10X Capital Asset Management LLC, strongly denying accusations of obstructing the revision and accusing the BNC board of 'distorting facts and misleading shareholders.' Alex Odagiu, Investment Partner at YZi Labs, stated that the board acknowledged the need to 'reduce management fees, shorten the term, and optimize termination clauses' in the agreement but claimed that attributing delays in the revision to YZi Labs and the so-called 'Secret Side Agreement' is outright fabrication. YZi Labs demands that the BNC board immediately retract false allegations regarding the 'Secret Side Agreement' and 'YZi Labs obstructing the agreement revision,' ensure that directors affiliated with 10X recuse themselves from relevant discussions and decisions, and fully disclose the proposed revisions and final agreement text to all shareholders before signing. Additionally, YZi Labs reserves the right to take further legal action against current board members and states that it will continue to hold the board accountable for information disclosure obligations.
+4
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads