Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 33

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 33
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, the holder of a Series D Warrant has the right 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 D
Warrant and (y) 1.0. In addition, 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.

Subject to limited exceptions, a holder of Private
Placement Warrants does not have the right to exercise any portion of its Private Placement Warrants if the holder, together with its
affiliates, would beneficially own in excess of 4.99% (or, at the election of the purchaser prior to issuance of the Private Placement
Warrants, 9.99%) of the number of shares of our Common Stock outstanding immediately after giving effect to such exercise. A holder may
increase or decrease the beneficial ownership limitation up to 9.99%, provided, however, that any increase in the beneficial ownership
limitation shall not be effective until 61 days following notice of such change to the Company.

Pursuant to the Purchase Agreement, within 20
calendar days from the date of the Purchase Agreement, we agreed to file a registration statement on Form S-1 providing for the
resale of the shares issuable upon exercise of the Private Placement Warrants. We agreed to use commercially reasonable efforts to cause
such registration statement to become effective within 50 calendar days following the closing date of the Purchase Agreement (or 90 calendar
days following the closing date of the Purchase Agreement in the event that the SEC requires the Company to include its audited year-end
financial statements for the fiscal year ended September 30, 2024 in such registration statement) and to keep such registration
statement effective at all times until no Selling Stockholder owns any Private Placement Warrants or shares of Common Stock issuable
upon exercise thereof.

We also agreed to hold the Special Meeting
on January 23, 2025 to obtain Warrant