Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 27

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 27
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 is unknown whether a future commercial demand for the Assay will develop.

We have received written notice from Nasdaq that we are not in compliance with Nasdaq’s minimum bid price requirements and if we are unable to regain compliance with Nasdaq continued listing standards, which may require effecting a reverse stock split of our Common Stock, we could be delisted from Nasdaq, which would negatively impact our business, our ability to raise capital, and the market price and liquidity of our Common Stock.

On November 12, 2024, the Company received
the Notification Letter from the Listing Qualifications Department of Nasdaq notifying the Company that, because the closing bid price
for its Common Stock has been below $1.00 per share for 30 consecutive business days, it no longer complies with the Bid Price Rule for
continued listing on The Nasdaq Stock Market LLC. There is no assurance that we will be able to regain compliance with the Bid Price
Rule. The Notification Letter had no immediate effect on the listing of the Company’s Common Stock on The Nasdaq Stock Market LLC.
The Company has been provided an initial compliance period of 180 calendar days, or until May 12, 2025, to regain
compliance with the Bid Price Rule. During the compliance period, the Company’s shares of Common Stock will continue to be listed
and traded on The Nasdaq Stock Market LLC. To regain compliance, the closing bid price of the Company’s Common Stock must meet
or exceed $1.00 per share for a minimum of ten consecutive business days during the 180-day compliance period, with a longer period potentially
required by the Staff.

If our Common Stock is delisted by Nasdaq, our
Common Stock may be eligible for quotation on an over-the-counter quotation system or on the pink sheets but will lack the market efficiencies
associated with Nasdaq. Upon any such delisting, our Common Stock would become subject to the regulations of the SEC relating to the
market for penny stocks. A penny stock is any equity security not traded on a national securities exchange that has a market price of
less than $5.00 per share. The regulations applicable to penny stocks may severely affect the market liquidity for our Common Stock and
could limit the ability of stockholders to sell securities in the secondary market. In such a case, an investor may find it more difficult
to dispose of or obtain accurate quotations as to the market value of our Common Stock, and there can be no assurance that our Common
Stock will be