BNB PLUS CORP. 8-K

What Happened
BNB Plus Corp. (BNBX) filed a Form 8-K on April 29, 2026 reporting that at a special meeting of stockholders on April 28, 2026 the company’s stockholders approved granting the Board discretionary authority to amend the Certificate of Incorporation to effect a reverse stock split of outstanding and treasury common shares at a ratio between 1-for-5 and 1-for-30, to be chosen by the Board within 12 months. Stockholders also approved a proposal to allow adjournment of the meeting to solicit additional votes if needed.

Key Details

• Reverse split authorization approved by vote: For 2,420,538; Against 317,840; Abstained 11,866.
• Adjournment approval vote: For 2,400,755; Against 314,899; Abstained 34,590.
• Board has 12 months of discretionary authority to set the specific reverse-split ratio (1-for-5 to 1-for-30) and will leave the number of authorized shares unchanged.
• Each voting result is final and both proposals were approved.

Why It Matters
A reverse stock split, if implemented, will consolidate the company’s outstanding and treasury shares into fewer shares at a higher per-share price while keeping authorized shares the same. That changes per‑share metrics (shares outstanding and price per share) but does not change each investor’s proportional ownership. Investors should watch for future filings where the Board announces whether it will implement the split and the exact ratio chosen, since execution could affect liquidity, trading behavior, and per-share calculations.