Corporate ActionAug 5, 2026, 05:08 PM
BNB Plus Corp. Registers 10.86M Shares for Resale; Nasdaq Delisting
AI Summary
BNB Plus Corp. filed an S-1 registration statement for the resale of up to 10,864,122 shares of common stock by selling stockholders. These shares originate from various private placements, including the May 2026 Private Placement which raised $4.46 million, and a settlement agreement with Cypress Parties. Concurrently, the company was delisted from Nasdaq on July 14, 2026, and its shares now trade on The OTCQB Venture Market.
Key Highlights
- Registers up to 10,864,122 shares of common stock for resale by selling stockholders.
- Includes 4,082,795 shares from Series B-1 Preferred conversion.
- Includes 1,706,278 shares from Series B-2 Preferred conversion.
- Includes 2,303,620 shares from Series B-2 Pre-Funded Warrants.
- Includes 2,571,429 shares from Series F Warrants exercise.
- Includes 200,000 shares from Cypress Settlement Agreement.
- May 2026 Private Placement raised $4.46 million gross proceeds.
- Nasdaq delisting effective July 14, 2026; now on OTCQB Venture Market.
Price Impact
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