Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 26

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 26
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isting, our Common Stock would become subject to the regulations of the SEC relating to the
market for penny stocks. A penny stock is any equity security not traded on a national securities exchange that has a market price of
less than $5.00 per share. The regulations applicable to penny stocks may severely affect the market liquidity for our Common Stock and
could limit the ability of stockholders to sell securities in the secondary market. In such a case, an investor may find it more difficult
to dispose of or obtain accurate quotations as to the market value of our Common Stock, and there can be no assurance that our Common
Stock will be eligible for trading or quotation on any alternative exchanges or markets.

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Delisting from Nasdaq could adversely affect
our ability to raise additional financing through public or private sales of equity securities, would significantly affect the ability
of investors to trade our securities and would negatively affect the value and liquidity of our Common Stock. Delisting could also have
other negative results, including the potential loss of confidence by employees and customers, the loss of institutional investor interest
and fewer business development opportunities.

Pursuant to the Purchase Agreement, the Company
is required to effect a reverse stock split of its outstanding shares of Common Stock if, at any time after the Stockholder Approval
Date, it is not incompliance with Nasdaq’s Bid Price Rule and has received a deficiency letter from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (the “Reverse Stock Split”). The Company must effect the Reverse Stock Split within
30 days of the Stockholder Approval Date; provided that if within such 30 day period the Company regains compliance with the Bid Price
Rule, the Company shall have no obligation to effect the Reverse Stock Split. The Company intends to implement a reverse stock split
of its outstanding securities to regain compliance with the Bid Price Rule and to comply with the provisions of the Purchase Agreement.
The Series D Warrants include a provision that resets their exercise price in the event of a reverse split of our Common Stock. For more
information, please see “Description of Capital Stock – Private Placement Warrants – Reverse Split.” The May
2024 Series Warrants (as defined below) also include a provision that resets their exercise price in the event of a reverse split of
our Common Stock. For more information, please see “Risk Factors – Stockholders may suffer substantial dilution if certain
provisions in the May 2024 Series Warrants are utilized.”