Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 163

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 163
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437,360 |
| Total consideration paid for acquiring Spindle RNAP enzyme platform  | ​ | $ | 2,014,860 |

F-16

NOTE F – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities at September 30, 2024 and 2023 are as follows:

| ​                        | ​ 
 ​ | ​ |         ​ 
      2024 | ​ | ​ |         ​ 
      2023 |
|:-------------------------|:--|:--|----------:|:--|:--|----------:|
| Accounts payable         | ​ | $ | 1,165,727 | ​ | $ | 1,072,161 |
| Accrued salaries payable | ​ | ​ |   509,281 | ​ |   | 1,138,235 |
| Other accrued expenses   | ​ | ​ |   118,419 | ​ |   |    59,992 |
| Total                    | ​ | $ | 1,793,427 | ​ | $ | 2,270,388 |

NOTE G – CAPITAL STOCK Common Stock Transactions during the Fiscal Year Ended September 30, 2024: April 2024 Reverse Stock Split On April 15, 2024, the Company held the special meeting of stockholders (the “April 2024 Special Meeting”) where its stockholders approved the April 2024 Reverse Split (the “Reverse Split Proposal”). The Company’s Board of Directors determined on April 21, 2024 that the split ratio of the April 2024 Reverse Stock Split should be one-for-twenty shares. The April 2024 Reverse Stock Split was effected as of 12:01 a.m. Eastern Time on Thursday, April 25, 2024 and combined each twenty shares of the Company’s outstanding Common Stock into oneshare of Common Stock, without any change in the par value per share. Moreover, the April 2024 Reverse Stock Split correspondingly adjusted, a) the per share exercise price and the number of shares issuable upon the exercise of all outstanding options, and b) the number of shares underlying any of our outstanding warrants by adjusting the conversion ratio for each instrument and increasing the applicable exercise price or conversion price in accordance with the terms of each instrument and based on the reverse stock split ratio. No fractional shares were issued in connection with the April 2024 Reverse Stock Split. Any fractional shares resulting from the April 2024 Reverse