Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 56

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 56
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2024, in connection with the Offering, the Company entered into purchase agreements with the purchasers in the January 2024 Offering
(the “January 2024 Purchase Agreements”).

The January 2024
Offering closed on February 2, 2024. The Company received gross proceeds from the January 2024 Offering, before deducting placement
agent fees and other estimated offering expenses payable by the Company, of approximately $3.4 million.

Each of the above securities
were not registered under the Securities Act and were issued in reliance on the exemptions from registration provided by Section 4(a)(2) under
the Securities Act and Regulation D promulgated thereunder, for transactions not involving a public offering.

Pursuant to the January 2024
Purchase Agreements, within 45 calendar days from the date of the January 2024 Purchase Agreements, the Company agreed
to file a registration statement on Form S-3 (or other appropriate form if the Company is not then S-3 eligible) providing for the
resale by the Purchasers of the Shares issuable upon exercise of the Private Common Warrants. The Company agreed to use commercially
reasonable efforts to cause such registration statement to become effective within 90 days following the closing date of the
Purchase Agreements and to keep such registration statement effective at all times until no Purchaser owns any January 2024 Common
Warrants or shares of Common Stock issuable upon exercise thereof. The Company filed the registration statement for this transaction
on March 12, 2024, and the registration statement was declared effective on March 20, 2024.

October 2024 Offering

On October 30, 2024, the Company entered
into the Purchase Agreement with certain institutional investors, pursuant to which the Company agreed to issue and sell in the Offering
(i) 19,247,498 shares Company’s Common Stock and Pre-Funded Warrants to purchase up to 1,065,002 shares of Common Stock, and
(ii) Series C Warrants to purchase up to 20,312,500 shares of Common Stock, Series D Warrants to purchase up to 20,312,500
shares of Common Stock and (iii) Placement Agent Warrants to purchase up to 1,015,625 shares of Common Stock.

The Company received gross proceeds from the
Offering, before deducting placement agent fees and other estimated offering expenses payable by the Company, of approximately $6.5 million.

Each of