Applied DNA Sciences to effect 1-for-50 reverse stock split on March 14, 2025 to meet Nasdaq bid price rule

BNB PLUS CORP.

Reverse split ratio 1:50; outstanding shares reduce from ~55.2M to ~1.1M.
Effective at 12:01 a.m. ET on March 14, 2025; ticker APDN unchanged; new CUSIP 03815U508.
Split intended to cure Nasdaq minimum bid price non-compliance; board approved March 3, 2025.
Fractional shares rounded up to nearest whole share; no change in par value or authorized shares.
Stockholders with street name accounts need no action; accounts adjusted automatically.

item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BNB PLUS CORP.: Amended certificate of incorporation to effect a 1-for-50 reverse stock split (effective 2025-03-14).

Change: charter amendment
Effective: 2025-03-14

Exact text from the filing

The Certificate of Amendment will be filed with the Secretary of State of the State of Delaware on March 13, 2025, and the Reverse Stock Split will become effective in accordance with the terms of the Certificate of Amendment at 12:01 a.m. Eastern Time on Friday, March 14, 2025 (the “Effective Time”).

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Source: SEC EDGAR

accession 0001104659-25-022883

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