Company: BNBX
Filing Date: 2025-12-22
Form Type: S-1/A
Source: 0001104659-25-123402
Chunk: 29

Company: BNB PLUS CORP.
Filing Date: 2025-12-22
Form: S-1/A
Chunk 29
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 million. We do not know, however, whether any of the Series E
Warrants, Placement Agent Warrants, Advisory Warrants or Consultant Warrants will be exercised for cash or, if any of the Series E
Warrants, Placement Agent Warrants, Advisory Warrants or Consultant Warrants are exercised for cash, when they will be exercised. It
is possible that such warrants will expire and never be exercised.

We intend to use the aggregate
net proceeds from any cash exercise of the Pre-Funded Warrants, Series E Warrants, Placement Agent Warrants, Advisory Warrants and
Consultant Warrants primarily for the continued development and implementation of our BNB Strategy, as well as for working capital and
general corporate purposes. The actual allocation of proceeds realized from the exercise of these warrants will depend upon the amount
and timing of such exercises, our operating revenues and cash position at such time and our working capital requirements. The Selling
Stockholders will pay any expenses incurred by the Selling Stockholders for brokerage, accounting, tax or legal services or any other
expenses incurred by the Selling Stockholders in disposing of their Shares. We will bear all other costs, fees and expenses incurred
in effecting the registration of the Shares covered by this prospectus, including, without limitation, all registration fees and fees
and expenses of our counsel and our accountants.

<div align='center'>16

SELLING STOCKHOLDERS</div>

The Shares being offered
by the Selling Stockholders are those previously issued to the Selling Stockholders and those issuable to the Selling Stockholders upon
exercise of the Pre-Funded Warrants, Series E Warrants, Placement Agent Warrants, Advisory Warrants and Consultant Warrants. For
additional information regarding the issuances of those Shares including those issuable upon exercise of the Pre-Funded Warrants, Series E
Warrants, Placement Agent Warrants, Advisory Warrants and Consultant Warrants, see “Private Placement” above. We are registering
the Shares in order to permit the Selling Stockholders to offer the Shares for resale from time to time.

Selling Stockholders Joshua
Kruger, who is also the Chairman of our Board and a director, Patrick Horsman IRA Investment Trust and Johnathan Pasch are affiliates
of, or are controlled by affiliates of, Cypress Management LLC. Cypress Management LLC and its affiliates provide digital asset
services to the Company. Patrick Horsman, a principal of Patrick Horsman IRA Investment Trust and an affiliate of Cypress Management