Company: BNBX
Filing Date: 2025-11-10
Form Type: DEF 14A
Source: 0001104659-25-109257
Chunk: 15

Company: BNB PLUS CORP.
Filing Date: 2025-11-10
Form: DEF 14A
Chunk 15
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ocurrency Pre-funded Warrants, the “Crypto Warrants”) at a per share exercise price of $3.82.

In connection with the Offering, on August 10, 2025, the Company entered into an engagement agreement with the Placement Agent, which was amended on September 9, 2025 (collectively, the “Placement Agent Agreement”), pursuant to which the Placement Agent agreed to act as Placement Agent for the Offering. Pursuant to the Placement Agent Agreement, the Company agreed to pay the Placement Agent certain fees and commissions and sell to the Placement Agent warrants (the “Placement Agent Warrants”) to purchase Common Stock equal to 5.0% of Common Stock sold in the Offering at a price of $50. The Company previously disclosed the Placement Agent Agreement and the Placement Agent Warrants in the Initial 8-K.

The Cryptocurrency Offering closed and the Crypto Warrants were issued on October 22, 2025. Gross proceeds from the Cryptocurrency Offering consist of units of the OBNB trust valued at $11,710,000 million (as of October 20, 2025).

The exercisability of the Crypto Warrants will be available only upon receipt of such stockholder approval (the “Warrant Stockholder Approval”) as may be required by the applicable rules and regulations of The Nasdaq Stock Market LLC. Each Pre-Funded Warrant and Series E-2 Warrant has an exercise price of $0.0001 and $3.82, respectively, per share of Common Stock and will become exercisable on the date the Warrant Stockholder Approval is obtained.

Upon the receipt of Warrant Stockholder Approval, if all Crypto Warrants are exercised as described in the immediately preceding paragraph, the Company will have 20,533,550 shares of Common Stock outstanding (based on 4,354,782 shares of Common Stock outstanding as of the Record Date). In addition

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to the Crypto Warrants, the Company has 12,268,981 warrants and 345 options to purchase Common Stock and 199,928 Restricted Stock Units (“RSUs”) outstanding as of the Record Date.

The Company carefully considered its financing alternatives and the expense of conducting one or more special stockholder meetings to approve the exercise of the Crypto Warrants pursuant to Nasdaq listing Rules 5635(a) and 5635(d) and concluded that the Cryptocurrency Offering, including the issuance of the Crypto Warrants, was the best available