Company: BNBX
Filing Date: 2025-11-10
Form Type: DEF 14A
Source: 0001104659-25-109257
Chunk: 18

Company: BNB PLUS CORP.
Filing Date: 2025-11-10
Form: DEF 14A
Chunk 18
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 is approved at the Special Meeting, the board of directors may determine in its sole discretion not to effect the Proposed COI Amendment. In addition, if the board of directors determines that it is advisable and in the Company’s best interests to change the number of our authorized shares of common stock other than an increase to 500,000,000 authorized shares of common stock, the board of directors would have to approve such amendment to the COI changing the number of our authorized shares of common stock and submit such amendment to our stockholders for approval prior to the Company implementing any such change in the number of our authorized shares of common stock.

#### Reasons for the Proposed COI Amendment
In connection with the October 2025 Private Placement, the Company has changed its strategy to primarily focus our resources on our BNB-focused treasury strategy wherein we manage digital assets, primarily in the native cryptocurrency of the Binance Coin blockchain commonly referred to as “BNB”, including staking, restaking, and liquid staking of BNB, and participation in other Binance ecosystem yield opportunities to contribute the BNB to the Company’s treasury operations (together, the “BNB Strategy”). The BNB Strategy may require significant additional capital, which would come primarily from the sale of the Company’s common stock. Accordingly, the Board believes that successful implementation of the BNB Strategy requires a more flexible capital structure afforded by the Proposed COI Amendment.

The Board also believes that having such authorized shares of Common Stock available for issuance in the future will give the Company greater flexibility and may allow such shares to be issued without the expense and delay of an additional special stockholders’ meeting unless such approval is expressly required by applicable law. Although such issuance of additional shares with respect to future financings would dilute existing stockholders, management believes that such transactions would increase the overall value of the Company to its stockholders through further implementation of the BNB Strategy. Therefore, the Board is seeking approval of an amendment to our COI to increase the number of authorized shares of our Common Stock. If the increase in authorized shares is not approved by stockholders, the company may be limited in its ability to pursue its BNB Strategy.

There are certain advantages and disadvantages of an increase in authorized Common Stock. The advantages include:

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Fundraising and capital accumulation: The BNB Strategy relies on a “premium flywheel” strategy, where the Company issues new shares fund the acquisition of additional BNB, when its stock trades at a premium to its Net Asset Value (NAV). The proceeds from these