Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 164

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 164
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 Stock Split were rounded up to the nearest whole share. Public Offering On May 28, 2024, the Company entered into a placement agency agreement (the “May 2024 Placement Agreement”) with Craig-Hallum Capital Group LLC (“Craig Hallum”) and Laidlaw & Company (UK) Ltd. (“Laidlaw”, and with Craig-Hallum, the “May 2024 Placement Agents”) pursuant to which the May 2024 Placement Agents agreed to serve as the co-placement agents, on a “reasonable best efforts” basis, in connection with the issuance and sale (the “May 2024 Offering”) of 9,230,769units (the “Units”), with each Unit consisting of either (A) oneshare of the Company’s Common Stock, and oneSeries A warrant (the “ May 2024 Series A Warrant”) to purchase oneshare of Common Stock and oneSeries B warrant to purchase oneshare of Common Stock (the “May 2024 Series B Warrant” and, together with the May 2024 Series A Warrant, the “May 2024 Series Warrants”), or (B) onepre-funded warrant (each, a “May 2024 Pre-Funded Warrant”) to purchase oneshare of Common Stock and oneMay 2024 Series A Warrant and oneMay 2024 Series B Warrant. In connection with the May 2024 Offering, the Company also issued placement agent warrants (“May 2024 Placement Agent Warrants”) to purchase up to 461,538shares of Common Stock. The May 2024 Offering closed on May 29, 2024. The purchase price of each Unit was $ 1.30, except for Units which include May 2024 Pre-Funded Warrants, which had a purchase price of $ 1.2999. The Units had no stand-alone rights and will not be certificated or issued as stand-alone securities. The Company received net proceeds from the May 2024 Offering, after deducting placement agent fees and other offering expenses payable by the Company, of approximately $ 10.5million. The exercisability of the May 2024 Series Warrants was available only upon receipt of such stockholder approval as may be required by the applicable rules and regulations of the Nasdaq Capital Market (the “May 2024 Warrant Stockholder Approval”). Each May 2024 Series A Warrant offered would become exercisable beginning on the