BNB Plus Shareholders Approve Board Reverse Split Authority

BNB Plus ( (BNBX) ) has shared an update.

On April 28, 2026, BNB Plus Corp. held a special meeting of stockholders at which investors approved granting the board of directors 12-month discretionary authority to implement a reverse stock split at a ratio between one-for-five and one-for-thirty, without changing the number of authorized common shares. Shareholders also approved the ability to adjourn and reconvene the special meeting, if needed to secure sufficient votes or a quorum, and the company reported that all voting results from the meeting were final and that each proposal passed.

The reverse split authorization gives the board flexibility to restructure the company’s share capital over the coming year, which may be used to manage the stock price, meet listing standards, or adjust the share count for corporate purposes, potentially affecting existing shareholders through changes in share liquidity and per-share pricing. The approval to adjourn the meeting when necessary strengthens management’s capacity to navigate future procedural hurdles in obtaining shareholder support for key capital structure decisions.

Spark’s Take on BNBX Stock

According to Spark, TipRanks’ AI Analyst, BNBX is a Underperform.

Overall score reflects heavy operating losses, shrinking revenue, and sustained cash burn (most impactful), reinforced by a weak technical setup (below major moving averages with negative MACD). Valuation offers limited support due to a negative P/E, and corporate-event risk is elevated due to potential Nasdaq delisting.

To see Spark’s full report on BNBX stock, click here.

More about BNB Plus

Average Trading Volume: 860,681

Technical Sentiment Signal: Strong Sell

Current Market Cap: $3M

See more data about BNBX stock on TipRanks’ Stock Analysis page.