CEA Industries Provides Update on Status of Renegotiation of Asset Management Agreement with 10X Capital
CEA Industries Inc. (BNC)
Company Research
Source: GlobeNewswire
LOUISVILLE, CO, March 26, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: BNC) ("BNC" or the "Company") today provided an update on the status of the efforts by BNC’s Board of Directors (the “Board”) to renegotiate the Company’s Asset Management Agreement (the “AMA”) with 10X Capital Asset Management LLC (“10X”). On February 18, following a number of conversations with 10X on the subject, the Company outlined specific proposed terms to 10X for substantive amendments to the AMA, which were also included in a proposed amended version of the AMA that was delivered on March 8 (the “Market Proposal”). The AMA was originally executed in August 2025, long before a majority of the current directors joined the Board. Among other enhancements, the Board sought to align the AMA with market practice and improve three key provisions: Fees: A reduction in management fees payable to 10X from 1.75% of the Company’s treasury asset NAV to 0.50% of NAV, plus a potential performance bonus of u
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- CEA Industries Announces That YZi Labs’ Request to Fix Record Date for Proposed Consent Solicitation Is DeficientGlobeNewswire
- YZi Labs Highlights Systemic Governance Breakdown at CEA Industries; Condemns Nearly $2 Million "Golden Parachute" for Outgoing CEO David Namdar Amidst Disclosed Material Weaknesses [Yahoo! Finance]Yahoo! Finance
- CEA Industries (BNC) Reports FY Q3 2026 Earnings Results; Announces CEO TransitionGlobeNewswire
- CEA Industries Confirms Receipt of Letter Requesting Board Set a Record Date in Connection with YZi Labs’ Consent SolicitationGlobeNewswire
- YZi Labs Highlights Explosive New Investor Lawsuit Against CEA Industries and Hans Thomas Alleging an “Operational Vacuum” [Yahoo! Finance]Yahoo! Finance
BNC
Sec Filings
- 3/26/26 - Form DEFA14A
- 3/26/26 - Form DEFA14A
- 3/26/26 - Form 8-K
- BNC's page on the SEC website