YZi Labs criticizes CEA Industries board over poison pill, potential BNB strategy shift

YZi Labs, formerly Binance Labs, has issued a statement criticizing the board of Nasdaq-listed CEA Industries, a company that has been concentrating its investments in BNB. YZi Labs accused the board of ignoring shareholder voices while excessively expanding its own authority. The firm argued that the board's attempt to introduce a "poison pill"—a right for existing shareholders to buy shares at a discount to fend off a takeover—is not a shareholder-friendly action. YZi Labs also claimed that while most shareholders invested in CEA Industries due to its BNB-focused strategy, the board is now attempting to change this approach. The statement concluded by asserting that the board is prioritizing its personal interests over those of the company.