Company: BNBX
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001104659-25-105958
Chunk: 32

Company: BNB PLUS CORP.
Filing Date: 2025-11-04
Form: 424B5
Chunk 32
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16.3 million.

If we are unable to raise sufficient additional capital on acceptable terms, we may be unable to expand our BNB reserves, which could adversely affect our liquidity, financial condition and growth prospects.

We completed the Cash Private Placement on October 3,
2025 and the Cryptocurrency Private Placement on October 21, 2025, whereby the net proceeds of which have primarily been used for
our BNB Strategy. To the extent holders exercise the warrants sold pursuant to the Securities Purchase Agreements, we may acquire additional
BNB at market prices, which could magnify our exposure to BNB price volatility. If we are unable to raise sufficient additional capital
through warrant exercises, an at-the-market facility or other equity financings on acceptable terms, we may be unable to expand
our BNB reserve, which could adversely affect the price of our common stock, as well as adversely affecting our business, financial condition
and results of operations.

Our financial results and the market price of our common stock may be affected by the prices of BNB.

As part of our BNB Strategy, we have invested
in BNB and plan to continue to invest in BNB. The price of BNB has historically been subject to dramatic price fluctuations and is highly
volatile. Any decrease in the fair value of BNB below our carrying value could require us to incur a loss due to the decrease in fair
market value, and such a charge could be material to our financial results for the applicable reporting period, which may create significant
volatility in our reported earnings. Any decrease in reported earnings or increased volatility of such earnings could have a material
adverse effect on the market price of our common stock. In addition, if investors view the value of our common stock as dependent upon
or linked to the value or change in the value of our BNB holdings, the price of BNB may significantly influence the market price of our
common stock.

| S-19 |

If we are unable to maintain compliance with Nasdaq continued listing standards, we could be delisted from Nasdaq, which would negatively impact our business, our ability to raise capital and the market price and liquidity of our common stock.

Over the past year, we have received multiple
notification letters from Nasdaq for failing to comply with its listing requirements and have effected multiple reverse stock splits,
including the 1-for-50 reverse stock split of our common stock effected on March 14, 2025 and the 1-for-15 reverse stock split
of our