8-K
filed October 1, 2025, 7:59 PM ET
ticker BNBX
CIK 0000744452
other material
confidence high
sentiment positive
materiality 0.80
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).
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.7
BNB PLUS CORP. issued warrants to purchase Common Stock (the “Advisory Warrants”) equal to 9.5% of the shares of Common Stock outstanding on the date of the closing of the Offering of warrant to Cypress Management LLC.
- Security
- warrant
- Shares
- warrants to purchase Common Stock (the “Advisory Warrants”) equal to 9.5% of the shares of Common Stock outstanding on the date of the closing of the Offering
- Purchaser
- Cypress Management LLC
Exact text from the filing
issue to the Strategic Advisor five (5) year warrants to purchase Common Stock (the “Advisory Warrants”) equal to 9.5% of the shares of Common Stock outstanding on the date of the closing of the Offering
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
BNB PLUS CORP. issued 3,444,164 Series E-2 Warrants (the “Cryptocurrency Common Warrants”) at a per share exercise price of $3.82 of warrant to accredited investors.
- Security
- warrant
- Shares
- 3,444,164 Series E-2 Warrants (the “Cryptocurrency Common Warrants”) at a per share exercise price of $3.82
- Purchaser
- accredited investors
Exact text from the filing
3,444,164 Series E-2 Warrants (the “Cryptocurrency Common Warrants”) at a per share exercise price of $3.82
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
BNB PLUS CORP. issued 3,444,164 prefunded warrants (the “Cryptocurrency Prefunded Warrants”) of warrant to accredited investors for offering price of $3.32 per share.
- Security
- warrant
- Shares
- 3,444,164 prefunded warrants (the “Cryptocurrency Prefunded Warrants”)
- Purchaser
- accredited investors
- Consideration
- offering price of $3.32 per share
Exact text from the filing
3,444,164 prefunded warrants (the “Cryptocurrency Prefunded Warrants”), at an offering price of $3.32 per share, to purchase shares of Common Stock at a per share exercise price of $3.82
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
BNB PLUS CORP. issued Series E-1 Warrants (the “Common Warrants”) to purchase 4,620,485 shares of Common Stock at a per share exercise price of $3.82 of warrant to accredited investors.
- Security
- warrant
- Shares
- Series E-1 Warrants (the “Common Warrants”) to purchase 4,620,485 shares of Common Stock at a per share exercise price of $3.82
- Purchaser
- accredited investors
Exact text from the filing
Series E-1 Warrants (the “Common Warrants”) to purchase 4,620,485 shares of Common Stock at a per share exercise price of $3.82
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
BNB PLUS CORP. issued 4,620,485 shares of common stock to accredited investors for $3.32 per share.
- Security
- common stock
- Shares
- 4,620,485 shares
- Purchaser
- accredited investors
- Consideration
- $3.32 per share
Exact text from the filing
“Cash Purchasers”) pursuant to which the Company agreed to sell and issue to the Cash Purchasers in a private placement offering (the “Cash Offering”), at an offering price of $3.32 per share, an aggregate of 4,620,485 shares (the “Shares”) of common stock of the Company, par value $0.001 per share (the “Common Stock”), and/or prefunded warrants in lieu
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.