Company: BNBX
Filing Date: 2025-01-17
Form Type: 424B3
Source: 0001104659-25-004510
Chunk: 34

Company: BNB PLUS CORP.
Filing Date: 2025-01-17
Form: 424B3
Chunk 34
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 Stockholder Approval. If the Company does not obtain Warrant Stockholder Approval at the Special
Meeting, the Company is obligated to call a meeting every ninety days thereafter to seek Warrant Stockholder Approval until the earlier
of the date on which Warrant Stockholder Approval is obtained or the Series Warrants are no longer outstanding. The Company agreed
to file a preliminary proxy statement with respect to obtaining Warrant Stockholder Approval at the Special Meeting within 20 days following
the closing date of the Purchase Agreement, and such preliminary proxy statement was filed on November 14, 2024. We filed the definitive
proxy statement for the Special Meeting on December 10, 2024.

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In the event of any fundamental transaction,
as described in the Private Placement Warrants and generally including any merger with or into another entity, sale of all or substantially
all of the Company’s assets, tender offer or exchange offer, or reclassification of the shares of Common Stock, subject to certain
exceptions, then upon any subsequent exercise of a Private Placement Warrant, the holder has the right to receive as alternative consideration,
for each share of Common Stock that would have been issuable upon such exercise immediately prior to the occurrence of such fundamental
transaction, the number of shares of Common Stock of the successor or acquiring corporation of the Company, if it is the surviving corporation,
and any additional consideration receivable upon or as a result of such transaction by a holder of the number of shares of Common Stock
for which the Private Placement Warrant is exercisable immediately prior to such event. Notwithstanding the foregoing, in the event of
a fundamental transaction, the holders of the Private Placement Warrants have the right to require the Company or a successor entity
to purchase the Private Placement Warrants for cash in the amount of the Black Scholes Value (as defined in the Private Placement Warrants)
of the unexercised portion of the Private Placement Warrants concurrently with or within 30 days following the consummation of a fundamental
transaction. However, in the event of a fundamental transaction which is not in the Company’s control or in which the consideration
payable consists of equity securities of a successor entity that is quoted or listed on a nationally recognized securities exchange,
the holders of the Private Placement Warrants will only be entitled to receive from the Company or its successor entity, as of the date
of consummation of such fundamental transaction the same type or form of consideration (and in the same proportion),