Company: BNBX
Filing Date: 2025-11-10
Form Type: DEF 14A
Source: 0001104659-25-109257
Chunk: 20

Company: BNB PLUS CORP.
Filing Date: 2025-11-10
Form: DEF 14A
Chunk 20
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 the Board’s desires. A takeover may be beneficial to stockholders because, among other reasons, a potential suitor may offer such stockholders a premium for their shares of stock compared to the then-existing market price. The Company does not have any plans or proposals to adopt provisions or enter into agreements that may have material anti-takeover consequences.

Although an increase in the authorized shares of Common Stock could, under certain circumstances, have an anti-takeover effect, this proposal to adopt the amendment is not in response to any effort of which the Company is aware to accumulate Common Stock or obtain control of the Company. Nor is it part of a plan by management to recommend a series of similar amendments to the Board and stockholders. The Company has no arrangements, agreements, or understandings in place at the present time to enter into any merger, consolidation, acquisition or similar business transaction.

If the Company’s stockholders do not approve the increase in authorized shares of Common Stock, then the Company will not be able to increase the total number of authorized shares of Common Stock from 200,000,000 to 500,000,000, and therefore, the Company will be limited in its ability to use shares of Common Stock for the financings required to raise the capital needed to further develop its digital asset treasury strategy.

As of the Record Date, there were approximately 4,354,782 shares of the Company’s common stock issued and outstanding, and approximately 19,157,363 outstanding warrants, 199,928 outstanding RSUs, 345 outstanding options to purchase Common Stock and 377 shares of Common Stock that remained available for issuance under the Company’s 2020 Equity Incentive Plan. Thus, approximately 176,287,000 authorized shares of common stock currently remain available for issuance.

#### Vote Required
The votes cast for the Proposed COI Amendment must exceed the votes cast against it in order for the Proposed COI Amendment to be approved. An abstention from voting by a stockholder present in person or represented by proxy at the meeting or a broker non-vote by a broker who elects to non-vote instead of using its voting discretion will be excluded entirely from the vote and will therefore have no effect on the outcome of the vote for this matter.

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Our Board of Directors May Abandon the Proposed COI Amendment

The General Corporation Law of the State of Delaware permits a board of directors to abandon an amendment to a certificate of incorporation, notwithstanding the approval