APDN raises $27M via PIPE for BNB treasury strategy; CEO replaced, ticker to change to BNBX

BNB PLUS CORP.

Gross proceeds ~$27M from private placement of shares & warrants; up to $58M if warrants exercised; proceeds to acquire BNB tokens.
CEO Judith Murrah resigned; Clay Shorrock (former Chief Legal Officer) appointed as President & CEO effective Sept 29, 2025.
New advisors: Anthony Scaramucci (SkyBridge), Patrick Horsman (CIO), Josh Kruger (Chairman nominee), JR Pasch.
Company to change ticker to BNBX; plans BNB treasury strategy with active DeFi yield generation via Cypress LLC.
Entered 5-year DAS with Cypress LLC (1.25% mgmt fee + 10% incentive) and advisor agreement with Cypress Management ($60k/month + 9.5% warrants).

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