{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-095401","form_type":"8-K","ticker":"BNBX","cik":"0000744452","company_name":"BNB PLUS CORP.","filed_at":"2025-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.068824+00:00","generated_at":"2026-05-17T05:10:25.906031+00:00","sec_items":["1.01","3.02","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"APDN raises $27M via PIPE for BNB treasury strategy; CEO replaced, ticker to change to BNBX","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-095401","json":"https://secwatch.observer/filing/0001104659-25-095401.json","markdown":"https://secwatch.observer/filing/0001104659-25-095401.md","text":"https://secwatch.observer/filing/0001104659-25-095401.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/744452/000110465925095401/0001104659-25-095401-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/744452/000110465925095401/tm2527342d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:10:25.906031+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"44e5ad745434069f62d861cf7c257afb2967d624","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/744452/000110465925095401/0001104659-25-095401-index.htm","confidence":0.7,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"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"},{"label":"Purchaser","value":"Cypress Management LLC"}],"fact_type":"equity_issuance"},{"claim_id":"5d8a63e89b3014c2d870115ba588d861a3f0c0e8","claim":"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.","evidence_excerpt":"3,444,164 Series E-2 Warrants (the “Cryptocurrency Common Warrants”) at a per share exercise price of $3.82","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/744452/000110465925095401/0001104659-25-095401-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"3,444,164 Series E-2 Warrants (the “Cryptocurrency Common Warrants”) at a per share exercise price of $3.82"},{"label":"Purchaser","value":"accredited investors"}],"fact_type":"equity_issuance"},{"claim_id":"8fe8ad9c8db0538fb33de4017e7241086f0ef3c4","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/744452/000110465925095401/0001104659-25-095401-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"3,444,164 prefunded warrants (the “Cryptocurrency Prefunded Warrants”)"},{"label":"Purchaser","value":"accredited investors"},{"label":"Consideration","value":"offering price of $3.32 per share"}],"fact_type":"equity_issuance"},{"claim_id":"d0c7d9b6465ed619acb736f33e79eb10c5d6b5ad","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/744452/000110465925095401/0001104659-25-095401-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"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"},{"label":"Purchaser","value":"accredited investors"}],"fact_type":"equity_issuance"},{"claim_id":"d60bfcc35b841d17391e0c0be52bce6d4e91f609","claim":"BNB PLUS CORP. issued 4,620,485 shares of common stock to accredited investors for $3.32 per share.","evidence_excerpt":"“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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/744452/000110465925095401/0001104659-25-095401-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"4,620,485 shares"},{"label":"Purchaser","value":"accredited investors"},{"label":"Consideration","value":"$3.32 per share"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}