BNB Plus Corp. Board Changes: Three Directors Resign; Three Appointed

What Happened BNB Plus Corp. announced that directors Robert B. Catell, Joseph D. Ceccoli, and Dr. Yacov Shamash resigned effective September 3, 2026; the company says the resignations were not due to any disagreement with the company. On September 2, 2026 the board appointed Richard Shorten, Todd Larsen and Lok Lee as directors effective September 3, 2026. Messrs. Larsen and Lee will join the Board’s Audit and Compensation Committees, and Mr. Larsen will also join the Nominating Committee. Compensation for the new directors will be agreed upon later.

Key Details

• Resignations effective: September 3, 2026 (Robert B. Catell, Joseph D. Ceccoli, Dr. Yacov Shamash).
• New directors effective: September 3, 2026 (Richard Shorten, Todd Larsen, Lok Lee).
• Related-party disclosures for Richard Shorten: Chairman of GlobalStake Infrastructure, sole owner of Silvermine Capital Advisors, and majority owner/managing member of Comstock MultiChain GP and Silvermine.
• Prior transactions and engagements: on June 17, 2026 BNB paid GlobalStake a $300,000 prepaid advisory fee for an initial four‑month strategic review led by Mr. Shorten; Comstock (affiliated with GlobalStake) participated in prior financings including an October 2025 PIPE where Comstock GP bought warrants and provided $5.0M gross proceeds, and later transactions under a June 30, 2026 private placement and an inducement exchange that generated ~$747,800 gross proceeds.

Why It Matters Board composition affects corporate oversight and strategy. The appointment of Richard Shorten is notable because he will lead a paid strategic review of the company and has existing business and investment ties (GlobalStake, Silvermine, Comstock) with the company and its financings, which investors should track for potential related‑party or governance implications. New members joining Audit and Compensation committees can influence financial oversight and executive pay decisions. Compensation arrangements for the new directors have not yet been finalized.