Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 203

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 203
---
 continue to be listed and traded on Nasdaq.

NOTE F —WARRANTS AND STOCK OPTIONS

Warrants

The following table summarizes the changes in warrants outstanding. These warrants were granted as part of financing transactions, as well as in lieu of cash compensation for services performed or as financing expenses in connection with the sales of the Company’s common stock. See Note E for details on the warrant activity during the nine-month period ended June 30, 2025.

| ​                          
 ​                          
 ​                          
 ​                          
 ​                          
 ​                          | ​ 
 ​ 
 ​ 
 ​ 
 ​ |         ​ 
         ​ 
         ​ 
         ​ 
 Number of 
    Shares | ​ 
 ​ 
 ​ 
 ​ 
 ​ | ​         
 Weighted  
 Average   
 Exercise  
 Price Per 
 Share     |        ​ |
|:---------------------------|:--|----------:|:--|:----------|---------:|
| Balance at October 1, 2024 | ​ |    26,332 | ​ | $         | 2,085.00 |
| Granted                    | ​ | 4,706,994 | ​ |           |     8.42 |
| Exercised                  | ​ |  -467,859 | ​ |           |    16.41 |
| Cancelled or expired       | ​ |  -841,176 | ​ |           |     9.24 |
| Balance at June 30, 2025   | ​ | 3,424,291 | ​ | $         |    12.36 |

During the three and nine-month periods ended June 30, 2025, and , respectively, of the May 2024 Series B Warrants were exercised cashlessly and resulted in the issuance of and shares of the Company’s common stock, respectively. Subsequent to June 30, 2025 an additional May 2024 Series B Warrants were exercised cashlessly and resulted in the issuance of shares of the Company’s common stock.

During the three and nine - month periods ended June 30, 2025, of the October 2024 Series D Warrants were exercised cashlessly and resulted in the issuance of shares of the Company’s common stock. As of June 30, 2025, there were October 2024 Series D Warrants outstanding.

During the three and nine-month periods ended June 30, 2025, an aggregate of and May 2024 Series A Warrants were exercised, respectively, for aggregate total proceeds of