Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 46

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 46
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Private Placement Warrant to us together with the appropriate instruments of transfer and payment of funds sufficient to pay any transfer
taxes (if applicable).

Fractional Shares

No fractional shares
of Common Stock will be issued upon the exercise of the Private Placement Warrants. Rather, the number of shares of Common Stock to be
issued will, at our election, either be rounded up to the nearest whole number or we will pay a cash adjustment in respect of such final
fraction in an amount equal to such fraction multiplied by the exercise price.

Trading Market

There is no established
trading market for the Private Placement Warrants, and we do not expect a market to develop. We do not intend to apply for a listing
for the Private Placement Warrants on any securities exchange or other nationally recognized trading system. Without an active trading
market, the liquidity of the Private Placement Warrant will be limited.

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Rights as a Shareholder

Except as otherwise provided in the Private Placement
Warrants or by virtue of the holders’ ownership of shares of Common Stock, the holders of Private Placement Warrants do not have
the rights or privileges of holders of our shares of Common Stock, including any voting rights, until such Private Placement Warrant
holders exercise their warrants.

Possible Anti-Takeover Effects of Delaware Law and our Certificate of Incorporation and By-Laws

Our Certificate of Incorporation contains provisions
that could make it more difficult to acquire control of our company by means of a tender offer, open market purchases, a proxy contest
or otherwise. A description of these provisions is set forth below.

Anti-Takeover Effects of Delaware Law

Companies incorporated in Delaware are subject
to the provisions of Section 203 of the DGCL, or Section 203, unless the corporation has “opted out” of these provisions
with an express provision in its original certificate of incorporation or an express provision in its certificate of incorporation or
by-laws resulting from a stockholders’ amendment approved by at least a majority of the outstanding voting shares. We have opted
out of Section 203 with an express provision in our Certificate of Incorporation. Therefore, the anti-takeover effects of Section 203
do not apply to us.

In general, Section 203 prohibits a publicly-held
Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a three-year
period following the time that this stockholder becomes an interested stockholder, unless the business combination