secwatch.observer — SEC 8-K summary
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Issuer:     BNB PLUS CORP. (BNBX)
CIK:        0000744452
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001104659-24-050056
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied DNA to effect 1-for-20 reverse stock split on April 25, 2024 to regain Nasdaq compliance
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- Reverse stock split at 1:20 ratio effective 12:01 a.m. ET on April 25, 2024; shares trade split-adjusted at market open.
- Outstanding shares reduced from ~17.26M to ~863,000; par value unchanged at $0.001 per share.
- Stockholders approved reverse split at April 15 special meeting (ratio range 1:5 to 1:50); Board set final ratio 1:20.
- Split intended to regain Nasdaq minimum bid price compliance of $1.00 per share.
- No fractional shares issued; fractional shares rounded up to nearest whole share; new CUSIP is 03815U409.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744452/000110465924050056/0001104659-24-050056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744452/000110465924050056/tm2412346d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-050056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer