PANews|Feb 28, 2026 04:03
[YZi Labs Accuses 10X Capital of Failing to Disclose Over 5% Stake in BNC, Requests SEC Intervention]
According to a statement from YZi Labs, it claims that based on disclosure documents from CEA Industries (BNC), 10X and its affiliates may exceed a 5% stake by the end of 2025 due to the exercise of large warrants, triggering the 13D filing threshold, but no corresponding disclosure has been observed. It also questions whether the board's 'poison pill' and coordinated actions or affiliations may constitute an undisclosed 'group,' and demands immediate supplemental disclosure to the SEC.
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