Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 166

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 166
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9,230,769to 91,890,698. The exercise price of the May 2024 Series A Warrants was adjusted from $ 1.99per share to $0.20per share with respect to the May 2024 Series A Warrants amended by the Warrant Amendment, and to $0.19with respect to the May 2024 Series A Warrants not amended by the Warrant Amendment. The Common Stock and May 2024 Pre-Funded Warrants were only sold with the accompanying May 2024 Series A Warrants and May 2024 Series B Warrants that are part of a Unit, but the components of the Units were immediately separable and were issued separately in this Offering. During the three-month period ended June 30, 2024, all of the May 2024 Pre-Funded Warrants were exercised. Registered Direct Offering On February 2, 2024, the Company closed on a registered direct public offering (the “RDO”) of 161,403shares of the Company’s Common Stock and pre-funded warrants (“RDO Pre-Funded Warrants”) to purchase up to 120,800shares of Common Stock, and in a concurrent private placement, unregistered common warrants (“Private Common Warrants”) to purchase up to 564,407shares of Common Stock. In connection with the RDO, the Company entered into securities purchase agreements (the “RDO Purchase Agreements”) with certain institutional investors (each, a “RDO Purchaser” and, collectively, the “RDO Purchasers”). The Company received net proceeds from the RDO, after deducting placement agent fees and other estimated offering expenses payable by the Company, of approximately $ 2.8million. The RDO Pre-Funded Warrants have an exercise price of $ 0.0001per share and are immediately exercisable and can be exercised at any time after their original issuance until such RDO Pre-Funded Warrants are exercised in full. Each share was sold at an offering price of $ 12.18and each RDO Pre-Funded Warrant was sold at an offering price of $ 12.18(equal to the purchase price per share of Common Stock minus the exercise price of the RDO Pre-Funded Warrant). Pursuant to the RDO Purchase Agreements, the Company also agreed to issue to the RDO Purchasers, in a concurrent private placement, the Private Common Warrants. Each Private Common Warrant has an exercise price of $