YZi Labs Alleges Undisclosed 10X Capital Stake Exceeding 5% in CEA Industries

Allegations Reveal Major Disclosure Gaps

Recently, YZi Labs exposed significant disclosure issues at CEA Industries Inc. (BNC), alleging that 10X Capital Asset Management LLC and its affiliates, controlled by BNC board member Hans Thomas, may hold more than 5% of the company's shares without complying with U.S. Securities and Exchange Commission (SEC) reporting requirements.

Violation of Securities Laws

This case involves Sections 13(d) and 16(a) of U.S. securities law, which mandate public disclosure of stakes exceeding 5% in a company. YZi Labs urges all involved parties to clarify their holdings and determine if there is an undisclosed group of affiliated shareholders.

• YZi Labs calls for transparent disclosure of shareholding details
• Potential breach of SEC reporting rules
• Concerns over affiliated shareholder groups