BNB PLUS CORP. Annual Report - How They Did This Year

This year was quite eventful for BNB PLUS CORP., with some significant changes in how the company operates and manages its shares.

Major Business Changes

One of the biggest shifts this year was the disposal of Applied DNA Clinical Labs (ADCL) on June 27, 2025. The company exited its clinical laboratory services business. The facility associated with ADCL was also closed during the fiscal year (October 1, 2024, to September 30, 2025). This marks a change in the company's focus, as they are no longer involved in this segment.

Share Structure and Capital Raising

The company underwent two reverse stock splits this year. One occurred in March 2025 and another in June 2025. Reverse stock splits reduce the number of outstanding shares and typically increase the per-share price.

BNB PLUS CORP. also continued to raise capital through Direct Offerings during the fiscal year (October 1, 2024, to September 30, 2025). They also had a Public Offering of Series Warrants in October 2024.

Leadership and Future Plans

The company solidified its leadership team with new employment agreements for the Chief Executive Officer and President, and the Chief Financial Officer, both signed on September 28, 2025.

The company has also been active with equity incentive plans for its employees and executives. In October 2025, Restricted Stock Units (RSUs) were granted to executive officers and employees, and further employee stock options were granted to an executive officer in December 2025. The company also engaged in a private placement and an at-market offering in October and December 2025, respectively.

Key Takeaways for Investors:

• Strategic Shift: BNB PLUS CORP. has exited the clinical laboratory services business by disposing of ADCL and closing its facility.
• Capital Management: The company executed two reverse stock splits, along with direct offerings and a public offering of warrants, indicating active management of its capital structure.
• Leadership Stability & Incentives: New employment agreements for key executives suggest leadership stability, complemented by equity incentive plans (RSUs and stock options) for employees and executives.
• Ongoing Capital Activities: Further capital activities, including a private placement and an at-market offering, occurred in late 2025.