Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 16

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 16
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see “Risk Factors – Stockholders may suffer substantial dilution if certain provisions in the May 2024 Series Warrants
are utilized.”

Amendment to Series A Warrant

As previously disclosed on our current report
on Form 8-K filed on May 29, 2024 we closed on such date a public offering (the “May 2024 Offering”) of common
stock and warrants, including 9,230,769 series A common stock purchase warrants (“May 2024 Series A Warrants”)
and 9,230,769 series B common stock purchase warrants (“May 2024 Series B Warrants”, and, with the May 2024
Series A Warrants, the “May 2024 Series Warrants”), with Craig-Hallum and Laidlaw & Company (UK)
Ltd. (“Laidlaw”) as placement agents. As part of the May 2024 Offering, the Company entered into a Placement Agency
Agreement, dated May 28, 2024, with Craig-Hallum and Laidlaw (the “May 2024 Placement Agency Agreement”).

Subject to certain exceptions, the May 2024
Series A Warrants provide for an adjustment to the exercise price and number of shares underlying the May 2024 Series A Warrants
upon the Company’s issuance of Common Stock or Common Stock equivalents at a price per share that is less than the exercise price
of the May 2024 Series A Warrants (the “Price Reset Mechanism”).

<div align='center'>6</div>

On October 30, 2024, the Company and certain
holders of the May 2024 Series A Warrants entered into an amendment to such holders’ May 2024 Series A Warrants
(the “Warrant Amendment”), pursuant to which the Price Reset Mechanism became subject to a floor equal to $0.20.

In connection with the Offering, the Price Reset
Mechanism in the May 2024 Series A Warrants was triggered, which resulted in the number of shares of Common Stock issuable
upon exercise of the May 2024 Series A Warrants increasing from 9,230,769 to 91,890,698. The exercise price of the May 2024
Series A Warrants was adjusted from $1.99 per share to $0.20 per share with respect to the May 2024 Series A Warrants
amended by the Warrant Amendment, and to $0.19 with