Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 204

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 204
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 $ and $ for the three and nine-month periods ended June 30, 2025, respectively. Subsequent to June 30, 2025 an additional May 2024 Series A Warrants were exercised for aggregate total proceeds of approximately $.

F-46

NOTE F —WARRANTS AND STOCK OPTIONS, continued Stock Options On May 22, 2025, at the Company’s annual shareholders’ meeting, an amendment to the Company’s 2020 Equity Incentive Plan to increase the number of authorized shares of common stock reserved for issuance by 200,000shares was approved. As of June 30, 2025 there are 200,355shares available under the Company’s 2020 Equity Incentive Plan.

NOTE G — COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases office space under an operating lease in Stony Brook, New York for its corporate headquarters. The lease is for a 30,000square foot building. The Company entered into an amended lease agreement on February 1, 2023. The initial term is for three yearsand expires on February 1, 2026. The lease for the corporate headquarters requires monthly payments of $ 48,861, which is adjusted annually based on the US Consumer Price Index (“CPI”) and was adjusted to monthly payments of $ 52,440commencing on February 1, 2025. In lieu of a security deposit, the Company provided a standby letter of credit of $ 750,000. In addition, the Company also had 2,500square feet of laboratory space, for which it entered into an amended lease agreement on February 1, 2023. The initial lease term for the laboratory space was one yearfrom the commencement date and was extended until January 31, 2025. Effective February 1, 2025, the Company extended this lease for 2,000square feet of laboratory space until January 31, 2026. On February 28, 2025, the Company vacated one of its laboratory suites and currently leases 1,000square feet under this lease amendment. The base rent for the new lease term is monthly payments of $ 4,346and the lease is terminable by the Company upon one month’s written notice to the landlord. The Company terminated the lease for the remaining 1,000square fee, effective July 31, 2025. The total rent expense for the three and nine-month periods ended June 30,