CEA Industries Settles Proxy War with YZi Labs Board Shake-up

The settlement brings Ella Zhang, Alex Odagiu, and Matthew Roszak onto the CEA board, joining existing directors Carly E. Howard, Annemarie Tierney, and Glenn Tyranski. Under the terms, YZi Labs has agreed to withdraw its consent solicitation and pending records demands, committing to a series of standstill provisions. Alex Odagiu will step in as interim president, reporting directly to the board while current CEO David Namdar remains in his post during the leadership transition.

This resolution follows intense public pressure regarding the company’s management of its digital asset treasury. CEA recently sought to void an asset management agreement with 10X Capital to recover fees, signaling a broader pivot toward tighter internal oversight. The board has now formed a committee to identify a permanent CEO with specific expertise in public company governance and digital assets.

CEA positions itself as the manager of the world’s largest corporate BNB treasury, a strategy solidified by a $500 million private placement in 2025. With the board expanded, the company aims to stabilize its operations after purchasing 200,000 BNB to anchor its reserve assets. Shares of CEA Industries rose 8.35% to close at $2.27 on Tuesday following the announcement.