YZi Labs partner Alex has publicly criticized the board of CEA Industries for failing to hold an annual general meeting (AGM) for over 400 days. In a letter addressed to the board, Alex questioned the company's tactics of adjusting its fiscal year to potentially circumvent Nasdaq regulations, which could lead to delisting risks. The letter further warned that delaying the 2025 AGM could trigger compliance issues and demanded an immediate announcement of the meeting date, threatening to report the matter to Nasdaq and the courts if not addressed.
YZi Labs Partner Criticizes CEA Industries for Delaying AGM
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