Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 22

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 22
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 and complete suitable acquisitions, our executive management team’s ability to execute new operational
initiatives, and certain matters outside of our control. In addition, we may incur certain costs as we pursue our growth, operational
and management initiatives, and we may not meet anticipated implementation timetables or stay within budgeted costs. As these initiatives
are undertaken, we may not fully achieve our expected efficiency improvements or growth rates, or these initiatives could adversely impact
our customer retention, supplier relationships or operations. Also, our business strategies may change from time to time in light of
our ability to implement our business initiatives, competitive pressures, economic uncertainties or developments, or other factors.

We may modify and refine our business strategy, includinga possible closure or divesture of our DNA Tagging and Security Products and Services and/or MDx Testing Services segments.

Our management is currently engaged in a strategic
review of the Company’s business segments that may result in the closure or divestiture of the Company’s DNA Tagging and
Security Products and Services segment and/or MDx Testing Services, as well as workforce reductions and potential management changes.
To this end, on December 17, 2024, the Company announced it is exploring the potential closure or divestiture of its DNA Tagging and
Security Products and Services business segment. No assurance can be given that a closure or divestiture will be completed. Further,
the definitive terms and structure of any possible closure or divestiture have not been determined or approved by the Company’s
Board of Directors. Although the purpose of any closure or divestiture would be to reduce the Company’s expenses and effectuate
cost savings, it is possible that there may be related restructuring costs. We expect that based on available opportunities and our beliefs
regarding future opportunities, we will continue to modify and refine our business strategy. The initial cash received from any closure
or divestiture, if any, may be limited, although the terms of a divesture may include future royalties, earn-outs or similar terms, any
of which could fail to be earned or received. Any restructuring, divestiture or closing may fail to realize the anticipated 15% reduction
in operating costs in fiscal year 2025 compared to fiscal year 2024 that the Company announced on December 17, 2024.

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Stockholders may suffer substantial dilution if certain provisions in the May 2024 Series Warrants are utilized.

On May 29, 202