Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 15

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 15
---
 consecutive business days, with a longer period potentially
required by the staff of Nasdaq (the “Staff”). If the Company does not regain compliance with the Bid Price Rule by
May 12, 2025, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company would be
required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for
The Nasdaq Capital Market, with the exception of the Bid Price Rule, and would need to provide written notice of its intention to cure
the deficiency during the second compliance period, by effecting a reverse stock split, if necessary, no later than ten (10) business
days prior to May 12, 2025.

However, if it appears to the Staff that the
Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq would notify the Company that its
securities would be subject to delisting. In the event of such a notification, the Company may appeal the Staff’s determination
to delist its securities, but there can be no assurance the Staff would grant the Company’s request for continued listing.

Pursuant to the securities purchase agreement
entered into in connection with the Offering (the “Purchase Agreement”), the Company is required to effect a reverse stock
split of its outstanding shares of Common Stock if, at any time after the Stockholder Approval Date, it is not in compliance with Nasdaq’s
Bid Price Rule and has received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the
“Reverse Stock Split”). The Company must effect the Reverse Stock Split within 30 days of the Stockholder Approval Date;
provided that if within such 30 day period the Company regains compliance with the Bid Price Rule, the Company shall have no obligation
to effect the Reverse Stock Split. The Company intends to implement a reverse stock split of its outstanding securities to regain compliance
with the Bid Price Rule and to comply with the provisions of the Purchase Agreement. The Series D Warrants include a provision that
resets their exercise price in the event of a reverse split of our Common Stock. For more information, please see “Description
of Capital Stock – Private Placement Warrants – Reverse Split.” The May 2024 Series Warrants (as defined below) also
include a provision that resets their exercise price in the event of a reverse split of our Common Stock. For more information, please