BNB PLUS CORP.

BNB Plus Corp. reported a significant increase in total revenues for the third quarter of 2026, rising 99% year-over-year to $605,306. The company also saw an improvement in its net loss per share, which narrowed to $(0.57) from $(34.00) in the prior year's quarter. Total assets surged to $14.96 million, driven by increased cash holdings and substantial investments in digital assets as the company pivots to its new BNB Strategy, which includes a significant workforce reduction and restructuring.

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.

BNB PLUS CORP. terminated its Strategic Digital Assets Services Agreement with Cypress Digital and its Strategic Advisor Agreement with Cypress Management, along with a Consulting Agreement with Patrick Horsman, effective July 23, 2026. The company entered into a Settlement Agreement, agreeing to pay the Cypress Parties an aggregate of $1,000,000 in cash and issue 200,000 shares of Series B-1 Convertible Preferred Stock. As part of the settlement, Joshua Kruger resigned as Chairman and director, and Patrick Horsman ceased to be Chief Investment Officer. The Cypress Parties also agreed to restrictive covenants and the rescission of 695,322 Series E-1 warrants.

BNB Plus Corp. announced it received a delisting determination from Nasdaq due to non-compliance with the minimum $1.00 bid price requirement. Trading of its common stock on Nasdaq will be suspended at the open of trading on July 14, 2026. The company intends to request a review by the Nasdaq Listing and Hearing Review Council, but this will not stay the delisting. Its common stock is expected to transition to the OTCQB Venture Market under the symbol 'BNBX' on the same date, which is noted as a significantly more limited and less liquid market.

BNB Plus Corp. entered into an amendment to its Registration Rights Agreement on June 29, 2026, effective June 23, 2026. This amendment, agreed upon by purchasers holding a majority of the Registrable Securities, modifies the definition of the 'Filing Date'. The new 'Filing Date' is now set for 30 calendar days after the 'Final Closing Date', which must occur by July 17, 2026.

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.

BNB PLUS CORP. completed an unregistered sale of equity securities, raising $2.5 million. The company issued 2,380,953 shares of Series B-1 Preferred Stock and Common Warrants at $1.05 per share. Additionally, it entered into an Inducement Agreement for Series E Warrants totaling approximately $0.22 million, with an initial closing for other Inducement Agreements expected to bring in about $1.72 million by June 9, 2026. These issuances were made under exemptions from SEC registration requirements.

BNB Plus Corp. has secured initial commitments for $4.1 million in convertible preferred stock financing, aiming for total proceeds of $5.0 million. This financing will bolster the company's digital asset treasury and provide working capital for a comprehensive strategic review of its digital asset and biotechnology businesses, led by GlobalStake Infrastructure. Following the anticipated proceeds, the company expects to hold over $16.4 million in cash and digital assets, and its LineaRx subsidiary achieved profitability in Q2 FY2026.