Comstock MultiChain Fund Acquires 9.9% Stake in BNB Plus Corp. Through Warrant Exercise

Comstock MultiChain Fund, L.P. and related entities have filed a Schedule 13D disclosing a 9.9% beneficial ownership stake in BNB Plus Corp. (BNBX). The position was established through the exercise of pre-funded warrants on March 20, 2026, resulting in ownership of 598,557 shares of common stock plus 6,045 shares underlying additional warrants. The total position represents 604,602 shares valued at approximately $477,635. The filing indicates the securities were acquired for investment purposes, and the reporting persons have engaged in discussions with management regarding potential strategic transactions, including debt or equity investments or capital-structure adjustments. The warrants contain a beneficial ownership limitation (blocker) that prevents the holder from exceeding 9.99% ownership. The reporting persons include Comstock MultiChain Fund, its general partner Comstock MultiChain GP, investment advisor Silvermine Capital Advisors, and Richard Shorten, who controls these entities.