CEA Industries Inc. (Nasdaq: BNC), the publicly traded company focused on building and managing one of the largest corporate treasuries of BNB cryptocurrency, has entered into a cooperation agreement with YZi Labs Management Ltd. The deal, finalized on June 23, 2026, resolves a months-long governance dispute and expands the company’s board with three new directors bringing specialized digital asset and blockchain experience.
The agreement terminates YZi Labs’ consent solicitation process, under which the investor group had sought to expand the board and elect its nominees to increase influence over strategic decisions related to CEA Industries’ substantial BNB holdings.
Instead of continued confrontation, the parties chose a collaborative path that includes immediate board additions, leadership transition planning, and commitments to long-term stability.
Effective immediately, the board has appointed Ella Zhang, Alex Odagiu, and Matthew Roszak as directors.
They join existing members Carly E. Howard (Chair), Annemarie Tierney, and Glenn Tyranski.
The company and YZi Labs will also jointly identify one additional independent director with strong backgrounds in digital assets, capital markets, and public company governance.
Ella Zhang serves as Managing Partner and Head of YZi Labs. She previously founded and led Binance Labs and has held investment and leadership positions at Kleiner Perkins, Google, and Tencent.
Her experience spans venture building, digital asset investing, and technology sectors, including AI-enabled companies. She earned her degree from Stanford Graduate School of Business.
Alex Odagiu, an Investment Partner at YZi Labs, focuses on token, equity, and strategic investments across the BNB Chain ecosystem.
He previously worked in investment banking at Goldman Sachs International and holds a master’s degree in Economics and Mathematics from the University of St Andrews.
Matthew Roszak brings extensive blockchain infrastructure and venture investing expertise.
He is Co-Founder and Chairman of Bloq and Founding Partner of Tally Capital.
He also chairs the advisory board of The Digital Chamber, with a focus on digital asset policy, governance, and institutional adoption.
As part of the transition, the board will form a CEO search committee emphasizing candidates with significant public company and digital asset experience.
Alex Odagiu has been named Interim President and will report directly to the board until a permanent CEO is appointed.
Current CEO David Namdar will remain in his role during the search period.YZi Labs has agreed to withdraw its consent solicitation, related books-and-records demands, and record date requests.
It has also committed to customary long-term voting support and standstill provisions.
The full cooperation agreement will be filed with the SEC as an exhibit to CEA Industries’ Form 8-K and YZi Labs’ Schedule 13D amendment.
Board Chair Carly E. Howard described the agreement as a constructive step that brings relevant expertise to support long-term stockholder value.
Ella Zhang noted the opportunity to advance thoughtful governance around BNB’s utility in powering transactions, applications, and economic activity across its ecosystem.
Alex Odagiu highlighted BNB Chain’s role in decentralized finance, stablecoins, tokenized assets, and emerging applications, positioning BNC as a public-market vehicle for disciplined exposure. The resolution allows CEA Industries to concentrate on executing its BNB treasury strategy while benefiting from strengthened board oversight and industry-aligned leadership.
