Company: BNBX
Filing Date: 2025-03-12
Form Type: 8-K
Source: 0001104659-25-022883
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Company: BNB PLUS CORP.
Filing Date: 2025-03-12
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 a Special Meeting of Stockholders
(the “ Special Meeting”) held on September 30, 2024, 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-fifty (1:50) (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 March 13, 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 Friday, March 14, 2025 (the “ Effective Time”).

As previously reported on
its Current Report on Form 8-K dated November 12, 2024, the Company received written notice from the Listing Qualifications Department
of The Nasdaq Stock Market LLC (“ Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirements
set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “ Bid Price Rule”). Based
on the closing bid price of the Company’s Common Stock for the thirty-one (31) consecutive business days from September 27, 2024
to November 11, 2024, the Company no longer meets the requirements of the Bid Price Rule. The Reverse Stock Split is intended to bring
the Company into compliance with the Bid Price Rule.

At the Effective Time, every
50 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