YZi Labs Management disclosed that it has reached a definitive agreement with Nasdaq-listed CEA Industries (BNC) to resolve prior governance disputes and optimize corporate strategy. As part of the settlement, YZi Labs agreed to terminate its previously initiated shareholder consent solicitation action, including withdrawing requests for inspection of books and records as well as the record date request.

Concurrently, both entities will jointly seek an independent director with expertise in digital assets, capital markets, and listed company governance to enhance board structure. David Namdar, the former Chief Executive Officer, will continue to fulfill his current duties during the transition period, signaling a shift from conflict toward management optimization.