Company: BNBX
Filing Date: 2025-03-12
Form Type: 8-K
Source: 0001104659-25-022883
Chunk: 1

Company: BNB PLUS CORP.
Filing Date: 2025-03-12
Form: 8-K
Item: Item 5.03
Chunk 1
---

will be reduced from approximately 55.2 million to approximately 1.1 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 Friday, March 14, 2025. There will be no change
in the Company’s Nasdaq ticker symbol, “ APDN”. In connection with the Reverse Stock Split, the CUSIP number for the
Common Stock has been changed to 03815U508.

The Reverse Stock Split will
result in a proportionate adjustment to the per share exercise price and the number of shares of Common Stock issuable upon the exercise
of outstanding stock options and warrants, as well as the number of shares of Common Stock eligible for issuance under the Company’s
2005 Incentive Stock Plan and 2020 Equity Incentive Plan.

The information set forth
herein does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Certificate of Amendment
that effectuated the Reverse Stock Split, which is filed as Exhibit 3.1 hereto and incorporated herein by reference.