New Directors Bring Institutional Finance, Digital Asset and Infrastructure Expertise to the Company

BNB Plus Corp. (OTCQB: BNBX) ("BNB Plus" or the "Company") today announced the appointment of three new members to its Board of Directors, identified as part of the Company’s ongoing strategic review process. The incoming members of the Board bring extensive experience across corporate restructuring, institutional finance, digital assets, and the network infrastructure at the core of modern and decentralized compute networks.

New Board members include:

Richard Shorten, will become Chairman of the Board. Mr. Shorten brings more than thirty years of public company transformation experience, having led numerous IPO, going-private and strategic combination transactions, along with an extensive history in communications networks and datacenter infrastructure. He is the Founder and General Partner of Silvermine Capital Advisors, a digital asset investment firm, and Chairman of GlobalStake, a Web3 infrastructure provider. Mr. Shorten began his career as a corporate attorney at Cravath, Swaine & Moore in New York.

Lok Lee, is the Managing Member of 2L Advisors, an investment firm focused on the digital infrastructure economy, and manager of Good Morning Holdings. Mr. Lee previously held several senior investment banking positions, including Managing Director and European Co-Head of Leveraged Capital Markets for UBS Investment Bank. He is also a Venture Partner at Tuesday Capital (formerly Crunchfund) and a director of Insight Digital Partners II (NASDAQ: DYOR), a special purpose acquisition company seeking a business combination in the digital infrastructure economy.

Todd Larsen, is the President of Nexis Solutions, the global business information and analytics division of LexisNexis, where he oversees the company’s worldwide portfolio of research and intelligence solutions serving enterprises, financial institutions, professional services firms and government organizations. Mr. Larsen previously served as Executive Vice President of Time, Inc. and President of Dow Jones & Co.

"We believe the Company sits at a unique intersection of biotech innovation and digital asset infrastructure opportunities, and I see great promise in both," said Richard Shorten, incoming Chairman of the Board. "The Board is committed to continuing the Company's transformation, and I look forward to working alongside our new and continuing directors to build on the Company's strategic review and drive long-term shareholder value."

Messrs. Shorten, Lee and Larsen will replace Robert Catell, Joseph Ceccolli and Yacov Shamash. James Haft and Judith Murrah will continue in their current Board roles.

"It has been a privilege to serve on the Board, and I leave with great confidence in the Company's future," said Robert B. Catell, a former director of the Company. "Rich, Todd and Lok bring exceptional expertise to the boardroom, and we believe BNB Plus is well positioned for its next chapter of growth."

About BNB Plus Corp.

BNB Plus unlocks streamlined access to the Binance ecosystem, delivering long BNB exposure through a transparent BNB treasury. Formerly Applied DNA Sciences, Inc., the Company also commercializes proprietary nucleic acid production solutions for the biopharmaceutical and diagnostics markets through its LineaRx, Inc. subsidiary. For more information, visit https://www.bnbx.io/ and https://linearxdna.com/.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as “anticipate,” "believe," "continues," “expect,” "may," "will," and other words of similar meaning. Forward-looking statements are statements other than historical facts and address various matters including, without limitation statements relating to Company’s expectations regarding future financial and operating conditions and performance, the Company's strategic review process and the ability to maximize shareholder value, as well as other projections or statements of plans and objectives.

These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company's control, that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the risk that the proposed transaction described herein may not be completed in a timely manner or at all, risks related to the Board of Directors’ review of strategic alternatives, including the ability to identify or consummate a suitable strategic alternative, failure to realize the anticipated benefits of its digital asset treasury strategy; changes in business, market, financial, political and regulatory conditions, risks relating to the Company's operations and business, including the highly volatile nature of the price of BNB and other cryptocurrencies, the illiquidity of the OBNB trust units owned by the Company, risks related to the Company's ability to raise and deploy capital effectively, risks relating to an unproven yield generation strategy, the risk that the price of the Company's common stock may be highly correlated to the price of the digital assets that it holds, risks related to a determination that the Company's digital assets are classified as a "security" under federal securities laws and/or the Company is inadvertently deemed an "investment company" under the Investment Company Act of 1940, as amended, risks related to increased competition in the industries in which the Company does and will operate, risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally, risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, risks related to the unknown returns, liquidity and/or token accumulation that the Company's BNB treasury strategy will generate, risks relating to market volatility, cybersecurity and custody of digital assets, potential changes in laws or accounting standards relating to cryptocurrency, and regulatory developments affecting BNB or other digital assets, risks relating to the Company's common stock trading on the OTCQB Venture Market rather than a national securities exchange, including reduced liquidity, lower trading volume, wider bid-ask spreads, reduced analyst and institutional coverage, and the risk that the Company may not continue to satisfy OTCQB's ongoing eligibility requirements, the unknown future amount of revenues and profits that will result from its LineaRx subsidiary and/or its technology platforms, as well as those risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements.

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