Company: BNBX
Filing Date: 2025-10-30
Form Type: PRE 14A
Source: 0001104659-25-104435
Chunk: 24

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: PRE 14A
Chunk 24
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 in no equity-based compensation being issued to any employee in Fiscal 2024 or Fiscal 2025. The shares available for issuance under our Current Plan would also be impacted by any potential future reverse stock splits.

Over the past twelve months we have undertaken a number of actions to transform and reinvigorate our business and improve our performance, such as divesting certain operations, realigning our segments and installing new segment management. More recently, the Company is executing a yield-oriented digital asset treasury strategy centered on BNB, the native cryptocurrency of the Binance blockchain.

In addition, as disclosed in our Current Report on Form 8-K filed on October 6, 2025, our Board of Directors authorized, and our officers implemented, a restructuring plan pursuant to which we will reduce overall operating expenses to focus resources on our BNB Strategy. The restructuring plan includes a reduction of our then current workforce by sixteen employees, or approximately 60%. We estimate that we will incur aggregate pre-tax charges of approximately $1,400,000 in connection with the reduction-in-force, primarily consisting of severance payments, employee benefits, and related costs. We expect that the reduction-in-force will be substantially completed by the end of October 2025 and that the associated charges will be recorded in the first quarter of fiscal 2026. We estimate that the restructuring will result in annualized cost savings of approximately $2,900,000. The estimated charges that we expect to incur are subject to a number of assumptions, and actual results may differ materially from these estimates. We may also incur additional costs not currently contemplated due to events that may occur as a result of, or that are associated with, the restructuring plan.

Equity compensation under the Current Plan is offered to our employees in order to emphasize pay-for- performance in long-term incentives and to more closely align our employees’ interests with our shareholders’ interests. We believe that it is critical to our success to retain and motivate key employees throughout our operations and particularly important as we focus on our new business opportunity relating to the manufacture of DNA for biotherapeutic applications and our yield-oriented digital asset treasury strategy centered on the BNB token.

#### Vote Required
The affirmative vote of a majority of the outstanding shares of our Common Stock present in person or represented by proxy at the Special Meeting and entitled to vote on this proposal is required for the approval of the Plan Amendment Proposal. An abstention from voting by a stockholder present in person or represented by proxy at the meeting has the same legal effect as a vote