Company: BNBX
Filing Date: 2025-10-30
Form Type: PRE 14A
Source: 0001104659-25-104435
Chunk: 22

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: PRE 14A
Chunk 22
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 this Special Meeting. Without approval by stockholders of the Plan Amendment, the Company will be unable to continue to grant equity awards once the share pool is depleted, potentially resulting in the loss of employees and difficulties in recruiting new employees. The Company did not grant any equity awards under the Current Plan during the fiscal year ended September 30, 2025 due to the small number of shares of Common Stock available under the Current Plan. During October 2025, the Company granted 199,928 RSUs to Officers, certain employees and the Board of Directors. These RSUs vest 90 days from the date of grant. If the Plan Amendment Proposal is not approved, the Company will become increasingly reliant on cash-based compensation, which will deplete the Company’s finite cash resources. Accordingly, our Board recommends the approval of the Plan Amendment. We recognize the dilutive impact that our equity compensation program has on our stockholders and continuously strive to balance this concern with the competition for talent in the competitive business environment and talent market, as well as the current market conditions, in which we operate. In determining the appropriate number of shares to request and add to the pool of shares available for issuance, our Board worked with management to evaluate a number of factors and carefully considered (i) the potential dilutive impact that the increase would have on our stockholders, (ii) the number of shares remaining available under the Current Plan, (iii) equity awards are a key component of designing competitive compensation packages, which are necessary for attracting and retaining key talent and directors in a competitive digital asset industry, and are therefore critical to our success, (iv) our strategic growth plans for our BNB Strategy, and (v) the interests of our stockholders. As part of our BNB Strategy we expect to recruit additional new employees and Directors from the highly competitive digital asset industry. Accordingly, the Plan Amendment Proposal is critical to ensure the Company can successfully recruit and compensate potential new employees and Directors that will be critical in the further implementation of its BNB Strategy. The compensation committee of the Board of Directors (the “Compensation Committee”) administrates our equity award granting process. In addition, the Current Plan does not, and the Amended Plan will not, contain an “evergreen” provision, so the number of shares available for issuance under the Current Plan does not automatically increase each year and likewise will not automatically increase under the Amended Plan. The below table summarizes grants under our Current Plan for the last three fiscal years.

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