InvestmentJun 25, 2026, 04:33 PM
BNB PLUS CORP. Raises $4.3M via Unregistered Equity Sale
AI Summary
BNB PLUS CORP. announced the closing of inducement agreements on June 23-24, 2026, resulting in the issuance of Series B-1 and B-2 Preferred Stock and Series B-2 Prefunded Warrants for aggregate gross proceeds of $1.54 million. The company anticipates closing additional agreements by July 1, 2026, for an expected $0.22 million. Upon completion of all agreements, the total capital raised through these unregistered equity sales will be approximately $4.3 million.
Key Highlights
- BNB PLUS CORP. closed transactions on June 23-24, 2026, issuing equity for $1.54 million.
- Issued 1,318,936 shares of Series B-1 Preferred Stock and 1,195,735 shares of Series B-2 Preferred Stock.
- Issued Series B-2 Prefunded Warrants to purchase 2,303,620 shares of Series B-2 Preferred Stock.
- Expects to issue additional 192,430 Series B-1 and 510,543 Series B-2 Preferred Shares for $0.22 million by July 1, 2026.
- Total aggregate gross proceeds from all agreements expected to be $4.3 million.
- Total shares issued will include 3,892,319 Series B-1 and 1,706,278 Series B-2 Preferred Stock.
- Securities were issued under Section 4(a)(1) and/or Rule 506(b) of Regulation D, exempt from registration.
Price Impact
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