other material
confidence high
sentiment neutral
materiality 0.60
BNB Plus raises $4.3M via private placement of preferred stock and warrants
BNB PLUS CORP.
- Closed Inducement Agreements with three investors on June 23-24, 2026, issuing 1.32M Series B-1, 1.20M Series B-2 Preferred, and warrants for 2.30M B-2 shares for $1.54M.
- Entered two more Inducement Agreements on June 10, expected close by July 1, issuing 192k Series B-1 and 511k Series B-2 Preferred for ~$0.22M.
- Aggregate across all agreements: 3.89M Series B-1, 1.71M Series B-2, and warrants convertible into ~7.9M common shares for $4.3M gross proceeds.
- Securities issued under Section 4(a)(1) and Rule 506(b) exemption from registration.