Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 43

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 43
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 aggregate number of shares of Common Stock that would be issuable upon a cash exercise of the Series D
Warrant and (y) 1.0.

Reverse Split

The Series D Warrants include a provision
that resets their exercise price in the event of a reverse split of our Common Stock, to a price equal to the lesser of (i) the
then exercise price and (ii) lowest volume weighted average price (VWAP) during the period commencing five trading days immediately
preceding and the five trading days commencing on the date we effect a reverse stock split in the future with a proportionate adjustment
to the number of shares underlying the Series D Warrants, subject to a floor of $0.0634.

Fundamental Transactions

In the event of any
fundamental transaction, as described in the Private Placement Warrants and generally including any merger with or into another entity,
sale of all or substantially all of the Company’s assets, tender offer or exchange offer, or reclassification of the shares of
Common Stock, subject to certain exceptions, then upon any subsequent exercise of a Private Placement Warrant, the holder will have the
right to receive as alternative consideration, for each share of Common Stock that would have been issuable upon such exercise immediately
prior to the occurrence of such fundamental transaction, the number of shares of Common Stock of the successor or acquiring corporation
of the Company, if it is the surviving corporation, and any additional consideration receivable upon or as a result of such transaction
by a holder of the number of shares of Common Stock for which the Private Placement Warrant is exercisable immediately prior to such
event. Notwithstanding the foregoing, in the event of a fundamental transaction, the holders of the Private Placement Warrants have the
right to require the Company or a successor entity to purchase the Private Placement Warrants for cash in the amount of the Black Scholes
Value (as defined in the Private Placement Warrants) of the unexercised portion of the Private Placement Warrants concurrently with or
within 30 days following the consummation of a fundamental transaction. However, in the event of a fundamental transaction which is not
in the Company’s control or in which the consideration payable consists of equity securities of a successor entity that is quoted
or listed on a nationally recognized securities exchange, the holders of the Private Placement Warrants will only be entitled to receive
from the Company or its successor entity, as of the date of consummation of such fundamental transaction the same