Company: BNBX
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001104659-25-034898
Chunk: 46

Company: BNB PLUS CORP.
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 46
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holder approval, and directed that the Current Plan be submitted to our stockholders for their approval at the Company’s annual meeting of stockholders held on September 16, 2020 (the “ 2020 Annual Meeting ”). Our stockholders approved the Current Plan at the 2020 Annual Meeting. The purposes of the Current Plan are to enable the Company to recruit and retain highly qualified employees, directors and consultants; provide them with an incentive for productivity; and provide them with an opportunity to share in the growth and value of the Company. The Current Plan, as originally adopted and adjusted for the Previous Reverse Stock Splits, made 3,500 shares of our Common Stock available for issuance to eligible participants. At a Special Meeting of Stockholders of the Company which took place April 15, 2024, our stockholders approved an amendment to the Current Plan to increase the number of authorized shares of Common Stock available for issuance by 4,000, as adjusted for the Previous Reverse Stock Splits. The maximum number of shares of Common Stock that presently may be issued under the Current Plan in connection with awards is 7,500. On March 30, 2025, the Board approved and adopted the Plan Amendment, subject to stockholder approval at the 29 TABLE OF CONTENTS Annual Meeting, to increase the number of authorized shares of Common Stock reserved for issuance pursuant to the Current Plan by 3,000,000. Remaining Share Reserve As of April 3, 2025, there were 6,497,790 shares of our Common Stock outstanding. Upon the receipt of Warrant Stockholder Approval, if all Private Placement Warrants are exercised as described in Proposal No. 4 (including if the Series D Warrants are exercised pursuant to the alternative cashless exercise mechanism described below), the Company will have 19,219,282 shares of Common Stock outstanding (based on 6,497,790 shares of Common Stock outstanding as of the Record Date and including 12,719,465 warrants and 2,027 options to purchase Common Stock outstanding as of the Record Date).As of the date hereof, the Company has awarded grants of options to purchase shares of our Common Stock and grants of restricted stock units settled in our Common Stock, in each case, pursuant to the Current Plan, with the number of shares of our Common Stock underlying such grants totaling 1,672 in the aggregate, and there are currently 5,325 authorized shares remaining under the Current Plan. The increase of the Current Share Pool