---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-097097"
form_type: "8-K"
ticker: "BNBX"
cik: "0000744452"
company_name: "BNB PLUS CORP."
filed_at: "2025-10-06T23:59:59+00:00"
generated_at: "2026-05-17T04:40:34.795135+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Applied DNA cuts 60% of workforce ($1.4M charges), ticker changes to BNBX Oct 7

## Summary
- Reduces workforce by 16 employees (~60%) with estimated pre-tax charges of ~$1.4M for severance and benefits.
- Restructuring substantially complete by end of October 2025; annualized cost savings of ~$2.9M expected.
- Ticker symbol changes from APDN to BNBX on Nasdaq effective October 7, 2025, reflecting BNB treasury strategy.
- Company to focus on yield-generating BNB digital asset treasury and decentralized finance integration.
- No stockholder action required; CUSIP and listing unchanged.

## SEC filing metadata
- accession: 0001104659-25-097097
- form_type: 8-K
- ticker: BNBX
- cik: 0000744452
- company_name: BNB PLUS CORP.
- filed_at: 2025-10-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744452/000110465925097097/0001104659-25-097097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744452/000110465925097097/tm2528084d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-097097
- JSON: https://secwatch.observer/filing/0001104659-25-097097.json
- Plain text: https://secwatch.observer/filing/0001104659-25-097097.txt

## Key facts
- Restructurings & Charges
  BNB PLUS CORP. announced a restructuring with charges of $1.4 million aggregate pre-tax charges for severance payments, employee benefits, and related costs affecting workforce reduction, reduction of 16 employees (approx. 60%) (reduction of the Company’s current workforce by sixteen employees, or approximately 60%).
  - Type: restructuring
  - Charge: $1.4 million aggregate pre-tax charges for severance payments, employee benefits, and related costs
  - Affected area: workforce reduction, reduction of 16 employees (approx. 60%)
  - Headcount: reduction of the Company’s current workforce by sixteen employees, or approximately 60%
  source text: On September 30, 2025, the Board of Directors of Applied DNA Sciences, Inc. (the “ Company ”) authorized, and its officers implemented, a restructuring plan pursuant to which the Company will reduce overall operating expenses to focus resources on its previously announced BNB-focused treasury strategy. The restructuring plan includes a reduction of the Company’s current workforce by sixteen employees, or approximately 60%. The Company estimates that it will incur aggregate pre-tax charges of approximately $1.4 million in connection with the reduction-in-force, primarily consisting of severance payments, employee benefits, and related costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465925097097/0001104659-25-097097-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.