Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 34

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 34
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Warrants will be available only upon receipt of Warrant Stockholder Approval. Each Series C Warrant has an exercise price of $0.32
per share of Common Stock, will become exercisable upon the Stockholder Approval Date, and will expire on the five-year anniversary of
the Stockholder Approval Date. Each Series D Warrant has an exercise price of $0.32 per share of Common Stock, will become exercisable
upon the Stockholder Approval Date, and will expire on the 18-month anniversary of the Stockholder Approval Date. Each Placement Agent
warrant has an exercise price of $0.32, will become exercisable upon the Stockholder Approval date and will expire on October 30,
2029.

The Private Placement Warrants are exercisable,
at the option of each holder, in whole or in part by delivering to us a duly executed exercise notice and, at any time a registration
statement registering the issuance of the Common Stock underlying the Private Placement Warrants under the Securities Act of 1933, as
amended (the “Securities Act”) is effective and available for the issuance of such shares, or an exemption from registration
under the Securities Act is available for the issuance of such shares, by payment in full in immediately available funds for the number
of Common Stock purchased upon such exercise. If at the time of exercise there is no effective registration statement registering, or
the prospectus contained therein is not available for the issuance of the Common Stock underlying the Private Placement Warrants, then
the Private Placement Warrants may also be exercised, in whole or in part, at such time by means of a cashless exercise, in which case
the holder would receive upon such exercise the net number of common shares determined according to the formula set forth in the Private
Placement Warrants.

Under the alternate cashless exercise option
of the Series D Warrants, the holder of a Series D Warrant has the right to receive an aggregate number of shares equal to
the product of (x) the aggregate number of shares of Common Stock that would be issuable upon a cash exercise of the Series D
Warrant and (y) 1.0. In addition, the Series D Warrants include a provision that resets their exercise price in the event of
a reverse split of our Common Stock, to a price equal to the lesser of (i) the then exercise price and (ii) lowest volume weighted
average price (VWAP) during the period commencing five trading days immediately