Company: BNBX
Filing Date: 2025-12-30
Form Type: 424B3
Source: 0001104659-25-125037
Chunk: 12

Company: BNB PLUS CORP.
Filing Date: 2025-12-30
Form: 424B3
Chunk 12
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 potential manipulation of the price of BNB by the Binance Exchange.
In addition, if Binance or its founder were to liquidate significant portions of their holdings, or if market participants perceived
that such liquidations might occur, the price of BNB could be materially and adversely affected. Any allegations of BNB price or volume
manipulation could result in regulatory actions against such parties and/or loss of confidence in BNB, and/or Binance generally, which
could negatively impact the price of our Common Stock. Our dependence on Binance and its affiliates for the health and credibility of
the BNB ecosystem will also subject us to material counterparty, reputational, and regulatory risks outside of our control. See the “Summary
of Risk Factors” and “Risk Factors” sections of this prospectus supplement and our Annual Report on Form 10-K
filed on December 19, 2025 for more information about the risks related to cryptocurrencies such as BNB.

Custody of our BNB

Currently, we hold all of
our BNB in a custody account at U.S.-based, institutional-grade custodians that have demonstrated records of regulatory compliance and
information security. As we accumulate BNB, we plan to custody our BNB across multiple U.S. and international custodians to diversify
our potential risk exposure to any one custodian.

OBNB Trust Units

Currently, a significant
amount of our BNB exposure comes from our ownership of units of OBNB Trust Units. The Company, as a holder of the Trust Units, may not
be able to sell, transfer or assign its Trust Units other than in limited circumstances. The Trust Units are quoted in the over-the-counter
market, but trading volume may be very limited. In addition, as a holder of Trust Units, the Company has no rights to force the liquidation
and/or redemption of the Trust Units and receive the underlying BNB. Therefore, the Trust Units are potentially illiquid and the Company,
as the holder of Trust Units, may have limited ability to realize their value or underlying BNB.

Strategic DAS Agreement

In connection with the Private
Placement, on September 29, 2025, the Company entered into a Strategic Digital Assets Services Agreement (the “Strategic DAS
Agreement”) with Cypress LLC, a Puerto Rico limited liability company (the “Services Provider”), pursuant to which
the Company appointed the Services Provider to provide discretionary asset management services (i) in compliance with