{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-088139","form_type":"8-K","ticker":"BNBX","cik":"0000744452","company_name":"BNB PLUS CORP.","filed_at":"2026-07-29T20:10:25+00:00","discovered_at":"2026-07-29T20:11:00.329915+00:00","generated_at":"2026-07-29T20:11:16.350305+00:00","sec_items":["1.01","1.02","3.02","5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"BNB Plus terminates Cypress agreements, pays $1M, issues preferred stock; Chairman Kruger resigns","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-088139","json":"https://secwatch.observer/filing/0001104659-26-088139.json","markdown":"https://secwatch.observer/filing/0001104659-26-088139.md","text":"https://secwatch.observer/filing/0001104659-26-088139.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/744452/000110465926088139/0001104659-26-088139-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/744452/000110465926088139/tm2621525d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-29T20:11:16.350305+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}