Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 32

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 32
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 factors that our Board of Directors deems relevant.

<div align='center'>PRIVATE PLACEMENT OF WARRANTS</div>

Concurrently with the sale of shares of Common Stock and Pre-Funded Warrants, we also issued and sold to the Selling Stockholders the
Private Warrants to purchase an aggregate of up to 41,640,625 shares of our Common Stock, consisting of (i) 20,312,500 Series C
Warrants, (ii) 20,312,500 Series D Warrants and (iii) 1,015,625 Placement Agent Warrants.

The exercisability of the Private Placement
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