星球日报
星球日报|2月 24, 2026 11:50
The controversy over the revision of the asset management agreement has escalated: YZi Labs demands BNC to withdraw false accusations and claims that the so-called "secret ancillary agreement" is smearing Odaily Planet Daily News: YZi Labs has issued a statement regarding the proposed amendment of the asset management agreement between CEA Industries (BNC) and 10X Capital Asset Management LLC, strongly denying any obstruction to the agreement revision and accusing the BNC board of "distorting facts and misleading shareholders". Alex Odagiu, an investment partner at YZi Labs, stated that the board acknowledges the need for the asset management agreement to "reduce management fees, shorten terms, and optimize termination clauses," but attempts to attribute the delay in agreement revisions to YZi Labs and the so-called "Secret Side Agreement" are blatantly fabricated. YZi Labs demands that the BNC board of directors immediately publicly withdraw false allegations regarding the "secret ancillary agreement" and "YZi Labs obstructing agreement revisions", ensure that directors associated with 10X recuse themselves from relevant discussions and decisions, and fully disclose the proposed revisions and final agreement text to all shareholders before signing. At the same time, the board reserves the right to take further legal action against current board members and states that it will continue to pursue the board's information disclosure responsibilities.
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