Company: BNBX
Filing Date: 2025-11-10
Form Type: DEF 14A
Source: 0001104659-25-109257
Chunk: 19

Company: BNB PLUS CORP.
Filing Date: 2025-11-10
Form: DEF 14A
Chunk 19
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 issuances are then used to acquire more digital assets. Increasing authorized shares allows the Company to raise capital to expand its digital asset holdings efficiently.

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Funding corporate development: An expanded pool of authorized shares gives the company the flexibility to fund future corporate development initiatives without the delay and expense of a special stockholder meeting. This includes financing strategic acquisitions of other digital asset companies or technologies and entering into strategic partnerships that could accelerate our growth.

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Maintaining strategic flexibility: The digital asset market is dynamic and requires a high degree of strategic agility. A larger reserve of authorized shares allows us to react quickly to market opportunities, such as favorable pricing windows for issuing stock to purchase digital assets.

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Supporting liquidity and financial stability: By having the ability to issue new shares, the company can address financial needs as they arise, such as strengthening its balance sheet or reducing debt, to ensure stability and capitalize on future opportunities.

The disadvantages include:

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Dilution of stockholders’ ownership.

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Stockholders do not have an preemptive or similar rights to subscribe for or purchase any additional shares of Common Stock that may be issued in the future, and therefore, future issuances of Common Stock may, depending on the circumstances, have a dilutive effect on the earnings per share, voting power and other interests of existing stockholders of the Company.

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The additional shares of Common Stock for which authorization is sought in this proposal would be part of the existing class of Common Stock and, if and when issued, would have the same rights and privileges as the shares of Common Stock presently outstanding. At this time, the Company intends to use the proceeds from any future capital raises primarily for the further development of its BNB Strategy and for general corporate purposes. The Company has no arrangements, agreements, or understandings in place at the present time for the issuance or use of the additional shares of Common Stock to be authorized by the Proposed COI Amendment; however, the Company may seek to issue such additional shares of Common Stock in connection with any such capital raising activities. The Board does not intend to issue any Common Stock or securities convertible into Common Stock except on terms that the Board deems to be in the best interests of the Company and its stockholders.

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The issuance of authorized but unissued stock could be used to deter a potential takeover of the Company that may otherwise be beneficial to stockholders by diluting the shares held by a potential suitor or issuing shares to a stockholder that will vote in accordance with