Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 18

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 18
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 and, with the May 2024
Series A Warrants, the “May 2024 Series Warrants”), with Craig-Hallum and Laidlaw & Company (UK)
Ltd. (“Laidlaw”) as placement agents. As part of the May 2024 Offering, the Company entered into a Placement Agency
Agreement, dated May 28, 2024, with Craig-Hallum and Laidlaw (the “May 2024 Placement Agency Agreement”).

Subject to certain exceptions, the May 2024
Series A Warrants provide for an adjustment to the exercise price and number of shares underlying the May 2024 Series A Warrants
upon the Company’s issuance of Common Stock or Common Stock equivalents at a price per share that is less than the exercise price
of the May 2024 Series A Warrants (the “Price Reset Mechanism”).

<div align='center'>6</div>

On October 30, 2024, the Company and certain
holders of the May 2024 Series A Warrants entered into an amendment to such holders’ May 2024 Series A Warrants
(the “Warrant Amendment”), pursuant to which the Price Reset Mechanism became subject to a floor equal to $0.20.

In connection with the Offering, the Price Reset
Mechanism in the May 2024 Series A Warrants was triggered, which resulted in the number of shares of Common Stock issuable
upon exercise of the May 2024 Series A Warrants increasing from 9,230,769 to 91,890,698. The exercise price of the May 2024
Series A Warrants was adjusted from $1.99 per share to $0.20 per share with respect to the May 2024 Series A Warrants
amended by the Warrant Amendment, and to $0.19 with respect to the May 2024 Series A Warrants not amended by the Warrant Amendment.

Company Information

We are a Delaware corporation, which was initially
formed in 1983 under the laws of the State of Florida as Datalink Systems, Inc. In 1998, we reincorporated in the State of Nevada,
and in 2002, we changed our name to our current name, Applied DNA Sciences, Inc. On December 17, 2008, we reincorporated from
the State of Nevada to the State of Delaware.

Our corporate headquarters are located at
the Long Island High Technology Incubator