YZi Labs questions 10X Capital for holding over 5% of CEA Industries without disclosure, demanding submission of SEC documents for explanation.

Odaily Planet Daily reports that YZi Labs issued a statement stating that the company’s latest documents show that 10X Capital Asset Management LLC and its affiliates may have held over 5% of the company’s issued common stock by the end of 2025, but have not yet filed the Schedule 13D disclosure with the U.S. Securities and Exchange Commission (SEC).

YZi Labs pointed out that, based on publicly disclosed data on the exercise of warrants, approximately 2.376 million warrants have been exercised, corresponding to about 5.39% of the company’s issued shares. YZi Labs stated that it did not exercise any of the warrants, so it is inferred that this portion of shares mainly comes from 10X related entities.

The statement also said that 10X and the company’s director Hans Thomas have not publicly disclosed their shareholding percentages and have not submitted the relevant shareholding disclosure documents as required. YZi Labs urges the relevant parties to clarify their holdings as soon as possible and disclose whether there is a “related shareholding group” that needs to be disclosed under Section 13(d)(3) of the Securities Exchange Act.