Company: BNBX
Filing Date: 2025-05-29
Form Type: 8-K
Source: 0001104659-25-053914
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Company: BNB PLUS CORP.
Filing Date: 2025-05-29
Form: 8-K
Item: Item 5.03
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Item 5.03      Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.  

At the 2025 Annual Meeting
of Stockholders (the “ Annual Meeting”) held on May 22, 2025, the stockholders of Applied DNA Sciences, Inc. (the “ Company”)
authorized the board of directors of the Company (the “ Board”), in its discretion, to amend the Company’s Certificate
of Incorporation, as amended (the “ Certificate of Incorporation”), to effect a reverse split of the Company’s outstanding
common stock, par value $0.001 (the “ Common Stock”), at a ratio between one-for-five (1:5) and one-for-fifty (1:50), with
such final ratio to be determined by the Board. The Board determined to set the reverse stock split ratio at one-for-fifteen (1:15) (the
“ Reverse Stock Split”) and approved the final form of the Certificate of Amendment to the Certificate of Incorporation to
effectuate the Reverse Stock Split (the “ Certificate of Amendment”). The Certificate of Amendment will be filed with the Secretary
of State of the State of Delaware on May 30, 2025, and the Reverse Stock Split will become effective in accordance with the terms of the
Certificate of Amendment at 12:01 a. m. Eastern Time on Monday, June 2, 2025 (the “ Effective Time”).

At the Effective Time, every
fifteen shares of Common Stock issued and outstanding will be automatically combined into one share of issued and outstanding Common Stock,
without any change in the par value per share. After the Effective Time, the number of outstanding shares of Common Stock of the Company
will be reduced from approximately 7.8 million to approximately 0.5 million.

Fractional shares will not
be issued as a result of the Reverse Stock Split. Instead, any fractional shares of the Company’s Common Stock that would have otherwise
resulted from the Reverse Stock Split will be rounded up to the nearest whole share.

Stockholders who hold their
shares in brokerage accounts or “street name” are not required to take any action and will see the impact of the Reverse Stock
Split automatically reflected in their accounts.

The Common Stock is expected
to begin trading on The Nasdaq Capital Market on a Reverse Stock Split-adjusted basis on Monday, June 2, 2025. There will be no change
in the Company’s Nasdaq ticker symbol, “