CEA Industries (Nasdaq: BNC) just ended a months-long proxy contest with YZi Labs, the family office of Binance co-founder Changpeng Zhao, by signing a cooperation agreement on June 23 that reshapes the company’s board and strategic direction.
The deal places three YZi Labs-linked directors, Ella Zhang, Alex Odagiu, and Matthew Roszak, onto BNC’s board. Odagiu will also serve as Interim President, giving YZi Labs not just board representation but direct operational influence over the company.
From proxy fight to partnership
YZi Labs led a $500 million PIPE financing into BNC back in August 2025. When governance didn’t move fast enough toward a BNB-focused treasury strategy, YZi Labs launched a consent solicitation.
The cooperation agreement dissolves the consent solicitation entirely. A CEO Search Committee has been formed to find permanent leadership with experience in both digital assets and public company governance.
