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YZi Labs accuses 10X Capital of failing to disclose its holdings exceeding 5% in BNC and requests SEC intervention
YZi Labs issued a statement claiming that based on the disclosures from CEA Industries (BNC), 10X and its affiliates may exceed the 5% threshold for 13D filing by the end of 2025 due to large warrant exercises, but no corresponding disclosure has been observed; it also questioned whether the board's "poison pill" and other concerted actions and affiliations constitute an undisclosed "group," demanding immediate supplemental disclosure to the SEC.
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