Company: BNBX
Filing Date: 2025-04-04
Form Type: PRE 14A
Source: 0001104659-25-032262
Chunk: 34

Company: BNB PLUS CORP.
Filing Date: 2025-04-04
Form: PRE 14A
Chunk 34
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 ​ | ​ | ​ | ​        | ​ | 199,572,787 | ​ | ​ | ​ | ​ | ​ | 199,615,508 | ​ | ​ |

(1) These estimates do not reflect the potential effects of rounding up of fractional shares that may result from the Reverse Stock Split. (2) Includes, as of April 3, 2025, (i) 12,719,465 shares issuable upon the exercise of outstanding warrants at a weighted average exercise price of $3.91 (which includes 2,477,035 Private Placement Warrants whose exercise is subject to Warrant Stockholder Approval and excluding the warrant price protection reset included in the Series Warrants, which is subject to Warrant Stockholder Approval, as more fully described in Proposal No. 4); (ii) 2,027 shares issuable upon the exercise of outstanding stock options, at a weighted average exercise price of $8,540; and (iii) 5,325 shares reserved for future issuance under the 2005 Plan and the Current Plan. Does not include any shares of Common Stock issuable upon the exercise or conversion of securities that may have been issued since April 3, 2025. (3) The table above does not take into account (i) the alternative cashless exercise mechanism of the Series B Warrants, which allows holders of such warrants to receive an aggregate number of shares equal to the product of (x) the aggregate number of shares of Common Stock that would be issuable upon a cash exercise of the Series B Warrant and (y) 3.0, and (ii) the alternative cashless exercise mechanism of the Series D Warrants, as more fully described in Proposal No. 4 below. Material U.S. Federal Income Tax Consequences of the Reverse Stock Split The following discussion is a general summary of the material U.S. federal income tax consequences of the Reverse Stock Split to U.S. Holders (as defined below) of our Common Stock. This discussion is based on the Code, U.S. Treasury Regulations promulgated thereunder, judicial decisions, and published rulings and administrative pronouncements of the Internal Revenue Service (“ IRS ”), in each case in effect as of the date hereof. These authorities may change or be subject to differing interpretations. Any such change or differing interpretation may be applied retroactively in a manner that could adversely affect a holder of our Common Stock. We have not sought and will not seek any rulings from the IRS