Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 169

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 169
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 November 2019 was reduced to $ 29.40per share, the exercise price of 7,950warrants issued during October 2020 was reduced to $ 30.20per share and the exercise prices of 5,000warrants issued during December 2020 was reduced to an exercise price of $ 26.20per share for 2,500warrants and an exercise price of $ 25.80per share for the remaining 2,500warrants. These exercise price adjustments are in accordance with the adjustment provisions contained in the respective warrant agreements. The incremental change in fair value of these warrants as a result of the triggering event was $ 77,757and is recorded as a deemed dividend in the consolidated statement of operations for the fiscal year ended September 30, 2024.

<div align='center'>F-19</div>

NOTE H – WARRANTS, STOCK OPTIONS AND RESTRICTED STOCK UNITS

Warrants

The following table summarizes the changes in warrants outstanding. These warrants were granted as part of financing transactions, as well as in lieu of cash compensation for Transactions involving warrants (see Note G) are summarized as follows:

| ​                           
 ​                           
 ​                           
 ​                           | ​ 
 ​ |          ​ 
          ​ 
  Number of 
     Shares | ​ 
 ​ | ​                  
 Weighted Average   
 Exercise Price Per 
 Share              |      ​ |
|:----------------------------|:--|-----------:|:--|:-------------------|-------:|
| Balance at October 1, 2023  |   |    261,029 | ​ | $                  |   3.50 |
| Granted                     |   | 28,305,629 | ​ | ​                  |   1.64 |
| Exercised                   |   | -8,626,796 | ​ | ​                  | -0.002 |
| Cancelled or expired        |   |   -191,719 | ​ | ​                  | -56.98 |
| Balance, September 30, 2024 |   | 19,748,143 | ​ | $                  |   2.78 |

Stock Options

During June 2020, the Board of Directors and subsequently during September 2020, the holders of a majority of the Company’s outstanding shares of Common Stock approved the 2020 Equity Incentive Plan (the “2020 Incentive Plan”). The 2020 Incentive Plan, among other things, reserves an