Apr. 20 at 3:58 PM
BNB Plus Corp. (Nasdaq:
$BNBX) announced that its Board of Directors has authorized a formal review of strategic alternatives to maximize shareholder value. The Company also provided an update on its Nasdaq listing status.
BNB Plus Corp. (Nasdaq: BNBX) is a B2i Digital Featured Company. See the comprehensive profile at https://b2idigital.com/bnbx.
Alternatives under consideration include a merger, reverse merger, business combination, acquisition, asset sale, joint venture, additional capital raising transactions, or other strategic transactions. The Company is initially focusing the review on market sectors it believes have potential for high growth, including artificial intelligence infrastructure, digital infrastructure, critical domestic raw materials, defense technologies, and healthcare. Lucid Capital Markets has been retained as financial advisor.
In the same announcement, BNBX provided an update on its Nasdaq listing status. On March 20, 2026, the Company received written notice from the Listing Qualifications Department of Nasdaq indicating that it no longer satisfies the minimum
$1.00 bid price requirement for continued listing on the Nasdaq Capital Market under Listing Rule 5550(a)(2). Nasdaq determined that the Company is ineligible for a standard compliance period because a reverse stock split was effected within the prior one-year period. The Company timely requested a hearing before the Nasdaq Hearings Panel to address the deficiency, and the common stock will continue to trade on Nasdaq at least through the conclusion of the hearing process.
As of 1:00 p.m. ET on April 18, 2026, the Company’s treasury had a value of approximately
$12.2 million, representing approximately 3.4x its current market capitalization. BNBX has also recently implemented an active yield generation strategy on its BNB token holdings, intended to potentially grow the BNB token treasury during the strategic review process.
“Our Board is committed to maximizing value for our shareholders,” said Clay Shorrock, President and Chief Executive Officer of BNB Plus Corp. “We believe this process will help us assess a range of options available to the Company and determine the most appropriate path forward for the Company and its shareholders.”
Read the full press release: https://www.businesswire.com/news/home/20260420345201/en/
BNB Plus unlocks streamlined access to the Binance ecosystem, delivering non-directional yield strategies and long BNB exposure through a transparent, actively managed BNB treasury. Formerly Applied DNA Sciences, Inc., BNB Plus continues to commercialize its proprietary nucleic acid production solutions for the biopharmaceutical and diagnostics markets.
BNB Plus Corp. is led by Clay Shorrock, Chief Executive Officer and President; and Beth Jantzen, Chief Financial Officer. The company’s advisory team includes Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital, as Strategic Capital Markets Advisor; Patrick Horsman, CFA as Chief Investment Officer; Josh Kruger, as Chairman of the Board; and JR Pasch, as Strategic Advisor.
To learn more about BNB Plus Corp., visit https://investors.adnas.com. For investor inquiries, contact John Ragozzino Jr., CFA at
[email protected].
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