BNB Plus terminates Cypress agreements, pays $1M, issues preferred stock; Chairman Kruger resigns

BNB PLUS CORP.

Settlement terminates Cypress agreements; $1M cash + 200K Series B-1 preferred shares.
Josh Kruger resigns as Chairman and director effective July 31, 2026; Patrick Horsman ceases as CIO.
Cypress parties agree to standstill until Sept 2030; rescind 695,322 Series E-1 warrants, modify 1,291,312 warrants.
Company pays $500K upfront, $500K in 12 monthly installments; default fee of $1.25M.

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