According to YZi Labs, CEA Industries filings disclosed material internal control weaknesses, roughly $1.98 million in severance for David Namdar, and continued payments to affiliated manager 10X.
YZi Labs said CEA Industries filings disclosed material weaknesses in internal controls and about $1.98 million in severance for departing CEO David Namdar. The firm also pointed to $2 million paid this quarter to affiliated manager 10X and said total payments to 10X since June 2025 reached $3.8 million. YZi Labs said it asked the board on March 24 to publicly explain these matters, expanding its criticism beyond earlier concerns over governance and related-party oversight.