Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 35

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 35
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 at the Black Scholes
Value of the unexercised portion of the Private Placement Warrants that is being offered and paid to the holders of Common Stock in connection
with the fundamental transaction, whether that consideration is in the form of cash, stock or any combination of cash and stock, or whether
the holders of Common Stock are given the choice to receive alternative forms of consideration in connection with the fundamental transaction.

<div align='center'>SELLING STOCKHOLDERS</div>

The shares of Common Stock being offered by the
Selling Stockholders are those issuable to the Selling Stockholders, upon exercise of the Private Placement Warrants. For additional
information regarding the issuances of the Private Placement Warrants, see “Private Placement of Warrants” above. We are
registering the shares of Common Stock underlying the Private Placement Warrants in order to permit the Selling Stockholders to offer
the shares for resale from time to time. In addition to the ownership of the shares of Common Stock and the Private Placement Warrants,
the Selling Stockholders have had material relationships with us within the past three years.

On May 28, 2024, the Company entered into
the May Placement Agency Agreement with Craig-Hallum and Laidlaw (collectively, the “May Placement Agents”) pursuant
to which the May Placement Agents agreed to serve as the co-placement agents, on a “reasonable best efforts” basis,
in connection with the May 2024 Offering of 9,230,769 units (the “Units”), with each Unit consisting of either
(A) one share of the Company’s Common Stock, one May 2024 Series A Warrant and one May 2024 Series B
Warrant or (B) one pre-funded warrant (each, a “May 2024 Pre-Funded Warrant”) to purchase one share
of Common Stock and one May 2024 Series A Warrant and one May 2024 Series B Warrant. In connection
with the May 2024 Offering, the Company also issued placement agent warrants to purchase up to 461,538 shares of Common
Stock. The May 2024 Offering closed on May 29, 2024. The purchase price of each Unit was $1.30, except for Units which include
May 2024 Pre-Funded Warrants, which had a purchase price of $1.2999.

The Company received net proceeds from the May Offering,
after deducting placement agent fees and other offering expenses payable by