YZi Labs Sends Letter to CEA Industries Board Refuting "Secret Agreement" Allegations and Demands Clarification of Misleading Statements

Odaily News YZi Labs has issued a letter to the board of CEA Industries stating that CEA Industries' claim of a "secret agreement" with YZi Labs is completely false. The letter points out that the law firm Winston & Strawn has already provided opinions on the relevant agreements, and board members Alexander Monie, Hans Thomas, and the then-CEO of 10X Capital, Namdar, were fully involved throughout the process. The so-called "secret" is merely a misleading statement to the public. CEA's demand to terminate the Strategic Services Agreement (SSA) is equally absurd. YZi Labs had already terminated this agreement on December 11, 2025, and notified the board in writing on December 13. The SSA did not result in any payments and does not affect the negotiations for the 10X Asset Management Agreement. YZi Labs calls on the board to immediately clarify the misleading statements, fully disclose related-party transactions involving Hans Thomas, and genuinely safeguard shareholder interests.