Company: BNBX
Filing Date: 2025-10-30
Form Type: PRE 14A
Source: 0001104659-25-104435
Chunk: 18

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: PRE 14A
Chunk 18
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-focused treasury strategy wherein we manage digital assets, primarily in the native cryptocurrency of the Binance Coin blockchain commonly referred to as “BNB”, including staking, restaking, and liquid staking of BNB, and participation in other Binance ecosystem yield opportunities to contribute the BNB to the Company’s treasury operations (together, the “BNB Strategy”). The BNB Strategy may require significant additional capital, which would come primarily from the sale of the Company’s common stock. Accordingly, the Board believes that successful implementation of the BNB Strategy requires a more flexible capital structure afforded by the Proposed COI Amendment.

The Board also believes that having such authorized shares of Common Stock available for issuance in the future will give the Company greater flexibility and may allow such shares to be issued without the expense and delay of an additional special stockholders’ meeting unless such approval is expressly required by applicable law. Although such issuance of additional shares with respect to future financings would dilute existing stockholders, management believes that such transactions would increase the overall value of the Company to its stockholders through further implementation of the BNB Strategy. Therefore, the Board is seeking approval of an amendment to our COI to increase the number of authorized shares of our Common Stock. If the increase in authorized shares is not approved by stockholders, the company may be limited in its ability to pursue its BNB Strategy.

There are certain advantages and disadvantages of an increase in authorized Common Stock. The advantages include:

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Fundraising and capital accumulation: The BNB Strategy relies on a “premium flywheel” strategy, where the Company issues new shares fund the acquisition of additional BNB, when its stock trades at a premium to its Net Asset Value (NAV). The proceeds from these issuances are then used to acquire more digital assets. Increasing authorized shares allows the Company to raise capital to expand its digital asset holdings efficiently.

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Funding corporate development: An expanded pool of authorized shares gives the company the flexibility to fund future corporate development initiatives without the delay and expense of a special stockholder meeting. This includes financing strategic acquisitions of other digital asset companies or technologies and entering into strategic partnerships that could accelerate our growth.

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Maintaining strategic flexibility: The digital asset market is dynamic and requires a high degree of strategic agility. A larger reserve of authorized shares allows us to react quickly to market opportunities, such as favorable pricing windows for issuing stock to purchase digital assets.

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Supporting liquidity and financial stability: By having the ability to issue new shares, the company can address financial needs as they arise,