Company: BNBX
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001104659-25-002521
Chunk: 38

Company: BNB PLUS CORP.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 38
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 Common Stock, and (iv) 180,000
pre-funded common stock purchase warrants, each to purchase one share of Common Stock. The Company received net proceeds of approximately
$11.1 million from the August 2022 Offering, after deducting the estimated offering expenses payable by the Company, including placement
agent fees. Three of the Selling Stockholders, Sabby Volatility Warrant Master Fund, Ltd., Anson Master Funds and Michael Bigger,
participated in the August 2022 Offering.

The table below lists the Selling Stockholders
and other information regarding the beneficial ownership of the shares of Common Stock by each of the Selling Stockholders. The second
column lists the number of shares of Common Stock beneficially owned by each Selling Stockholders, based on its ownership of the shares
of Common Stock, Private Placement Warrants, and other warrants, as of January 8, 2025, assuming exercise of the warrants held
by the Selling Stockholders on that date, without regard to any limitations on exercises. The third and fourth columns assume the sale
of all of the shares offered by the Selling Stockholders pursuant to this prospectus. The third column lists the shares of Common Stock
underlying the Private Placement Warrants offered by this prospectus by the Selling Stockholders.

In accordance with the terms of the Purchase
Agreement with the Selling Stockholders, this prospectus generally covers the resale of the maximum number of shares of Common Stock
issuable upon exercise of the Private Placement Warrants.

Under the terms of the Private Placement Warrants,
and under the terms of certain other warrants held by the Selling Stockholders, a Selling Stockholder may not exercise the warrants to
the extent such exercise would cause such Selling Stockholder, together with its affiliates and attribution parties, to beneficially
own a number of shares of Common Stock which would exceed 4.99% or 9.99%, as applicable, of our then outstanding Common Stock following
such exercise, excluding for purposes of such determination shares of Common Stock issuable upon exercise of such warrants which have
not been exercised. The number of shares in the table below does not reflect the Private Placement Warrants Beneficial Ownership Limitation.
The Selling Stockholder may sell all, some or none of their shares in this offering. See “Plan of Distribution.”

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| Name                           
 of Selling Stockholders        |     | Shares   
 Owned    
 prior to 
 Offering |            |     |     | Shares