{"filing":{"accession_number":"0001104659-26-088139","cik":"0000744452","ticker":"BNBX","company_name":"BNB PLUS CORP.","form":"8-K","filing_date":"2026-07-29","report_date":"2026-07-23","primary_document":"tm2621525d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/744452/000110465926088139/tm2621525d1_8k.htm"},"events":[{"id":21633,"run_id":19516,"accession_number":"0001104659-26-088139","anchor_item_number":"1.02","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"summary":"BNB Plus Corp. entered into and subsequently terminated material definitive agreements with Cypress parties, resolving the dispute through a settlement involving $1 million in cash, issuance of 200,000 shares of Series B-1 Convertible Preferred Stock, and material governance restrictions on the Cypress Principals' voting and acquisition rights through 2030.","company_name":"BNB PLUS CORP.","ticker":"BNBX","filing_date":"2026-07-29","form":"8-K","submitted_at":null,"items":[{"id":21321,"accession_number":"0001104659-26-088139","item_number":"1.01","item_title":"Entry into a","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Item 1.01 explicitly discloses entry into a \"Material Definitive Agreement\" and cross-references Item 1.02, which typically covers acquisitions, dispositions, mergers, or changes of control. The filing structure and Item designation indicate a material M\u0026A or transaction event, though the specific nature is not detailed in this excerpt.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T20:16:21.416836+00:00","company_name":"","ticker":null,"filing_date":""},{"id":21322,"accession_number":"0001104659-26-088139","item_number":"1.02","item_title":"Termination","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.65,"reasoning":"The filing discloses termination of material definitive agreements (Digital Services Agreement and Strategic Advisor Agreement) with the Cypress parties, coupled with a $1M cash settlement, 200,000 shares of Series B-1 Convertible Preferred Stock issuance, and significant restrictions on the Cypress Principals' voting and acquisition rights through 2030. While Item 1.02 nominally covers termination of agreements, the economic substance—a settlement involving cash, equity, and material governance restrictions—resembles a restructuring or change-of-control mitigation event. The departure of Chairman Kruger and CIO Horsman, combined with the standstill and mutual release, suggests a material dispute resolution affecting control and governance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T20:16:21.416836+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":21634,"run_id":19516,"accession_number":"0001104659-26-088139","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"BNB Plus Corp. issued 200,000 shares of Series B-1 Convertible Preferred Stock in an unregistered private placement relying on Section 4(a)(2) of the Securities Act as part of the settlement with Cypress parties.","company_name":"BNB PLUS CORP.","ticker":"BNBX","filing_date":"2026-07-29","form":"8-K","submitted_at":null,"items":[{"id":21323,"accession_number":"0001104659-26-088139","item_number":"3.02","item_title":"Unregistered","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Item 3.02 discloses an unregistered sale of Series B-1 Convertible Preferred Stock issued under Section 4(a)(2) of the Securities Act. Convertible preferred stock is a dilutive equity issuance that increases the registrant's capitalization and potential share count upon conversion. The explicit reference to reliance on the Section 4(a)(2) exemption confirms this is a private placement of equity securities.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T20:16:21.416836+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":21635,"run_id":19516,"accession_number":"0001104659-26-088139","anchor_item_number":"5.02","event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.95,"summary":"Josh Kruger resigned as Chairman and director of BNB Plus Corp., effective July 31, 2026, as part of the settlement with Cypress parties.","company_name":"BNB PLUS CORP.","ticker":"BNBX","filing_date":"2026-07-29","form":"8-K","submitted_at":null,"items":[{"id":21324,"accession_number":"0001104659-26-088139","item_number":"5.02","item_title":"Departure of","event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.95,"reasoning":"Josh Kruger's resignation as Chairman and director of BNB Plus Corp., effective July 31, 2026, is a clear executive departure. The filing explicitly states the resignation date and his dual roles, and while it notes no disagreement with the Company, the departure of a Chairman is material to investors' assessment of corporate governance and leadership continuity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T20:16:21.416836+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":21321,"accession_number":"0001104659-26-088139","item_number":"1.01","item_title":"Entry into a","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Item 1.01 explicitly discloses entry into a \"Material Definitive Agreement\" and cross-references Item 1.02, which typically covers acquisitions, dispositions, mergers, or changes of control. The filing structure and Item designation indicate a material M\u0026A or transaction event, though the specific nature is not detailed in this excerpt.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T20:16:21.416836+00:00","company_name":"BNB PLUS CORP.","ticker":"BNBX","filing_date":"2026-07-29"},{"id":21322,"accession_number":"0001104659-26-088139","item_number":"1.02","item_title":"Termination","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.65,"reasoning":"The filing discloses termination of material definitive agreements (Digital Services Agreement and Strategic Advisor Agreement) with the Cypress parties, coupled with a $1M cash settlement, 200,000 shares of Series B-1 Convertible Preferred Stock issuance, and significant restrictions on the Cypress Principals' voting and acquisition rights through 2030. While Item 1.02 nominally covers termination of agreements, the economic substance—a settlement involving cash, equity, and material governance restrictions—resembles a restructuring or change-of-control mitigation event. The departure of Chairman Kruger and CIO Horsman, combined with the standstill and mutual release, suggests a material dispute resolution affecting control and governance.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T20:16:21.416836+00:00","company_name":"BNB PLUS CORP.","ticker":"BNBX","filing_date":"2026-07-29"},{"id":21323,"accession_number":"0001104659-26-088139","item_number":"3.02","item_title":"Unregistered","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Item 3.02 discloses an unregistered sale of Series B-1 Convertible Preferred Stock issued under Section 4(a)(2) of the Securities Act. Convertible preferred stock is a dilutive equity issuance that increases the registrant's capitalization and potential share count upon conversion. The explicit reference to reliance on the Section 4(a)(2) exemption confirms this is a private placement of equity securities.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T20:16:21.416836+00:00","company_name":"BNB PLUS CORP.","ticker":"BNBX","filing_date":"2026-07-29"},{"id":21324,"accession_number":"0001104659-26-088139","item_number":"5.02","item_title":"Departure of","event_type":"exec_departure","event_domain":"governance","is_material":true,"confidence":0.95,"reasoning":"Josh Kruger's resignation as Chairman and director of BNB Plus Corp., effective July 31, 2026, is a clear executive departure. The filing explicitly states the resignation date and his dual roles, and while it notes no disagreement with the Company, the departure of a Chairman is material to investors' assessment of corporate governance and leadership continuity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T20:16:21.416836+00:00","company_name":"BNB PLUS CORP.","ticker":"BNBX","filing_date":"2026-07-29"}]}