YZi Labs accuses 10X Capital of failing to disclose when holding over 5% of BNC, requesting SEC intervention

2026-02-28 05:40:59

ChainCatcher reports that YZi Labs issued a statement stating that based on disclosures from CEA Industries (BNC), it is estimated that by the end of 2025, 10X and its affiliates may trigger the 13D filing threshold due to the exercise of large-scale warrants, resulting in ownership exceeding 5%. However, no corresponding disclosures have been observed. The statement also questions whether the board’s “poison pill” and related-party relationships or concerted actions constitute an undisclosed “group,” and demands immediate supplementary disclosure to the SEC.

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