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Off the Chain (BNBX) discloses 9.99% BNB Plus stake capped by warrants

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

BNB PLUS CORP. disclosed that investment entities Off the Chain LP and Off the Chain Capital, LLC have jointly reported beneficial ownership of 460,343 shares of its common stock, representing 9.99% of the class.

The position consists of 217,840 outstanding shares and 242,503 shares of common stock underlying warrants. The funds also hold additional pre-funded and common stock warrants exercisable for more shares, but a 9.99% beneficial ownership limitation in the warrants prevents them from exercising beyond this threshold. The filers state the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

Positive

  • None.

Negative

  • None.

Insights

Off the Chain reports a capped 9.99% economic stake via shares and warrants.

Off the Chain LP and Off the Chain Capital, LLC report beneficial ownership of 460,343 BNB PLUS CORP. common shares, or 9.99% of the class. This combines 217,840 outstanding shares with 242,503 shares currently counted from warrant holdings.

The disclosure notes substantial additional pre-funded and common stock warrants that are exercisable for more shares, but all warrants contain a 9.99% beneficial ownership limitation. That cap means the filer cannot exercise the full warrant position while maintaining Schedule 13G status.

The certification states the securities are held in the ordinary course of business and not to change or influence control. Future impact on ownership levels will depend on any changes to BNB PLUS CORP.’s outstanding share count and the filer’s warrant exercise decisions as disclosed in subsequent filings.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Off the Chain LP
Signature:/s/ Tom Siegel
Name/Title:Chief Financial Officer of Off the Chain Capital, LLC
Date:02/13/2026
Off the Chain Capital, LLC
Signature:/s/ Tom Siegel
Name/Title:Chief Financial Officer of Off the Chain Capital, LLC
Date:02/13/2026
Exhibit Information

Exhibit 99.1 Joint Filing Agreement.

FAQ

What percentage of BNBX common stock does Off the Chain report owning?

Off the Chain reports beneficial ownership of 9.99% of BNB PLUS CORP. common stock. This percentage is based on 460,343 shares, combining currently held shares and counted warrant shares, relative to the company’s outstanding shares plus the shares underlying those warrants.

How many BNBX shares does Off the Chain beneficially own according to the Schedule 13G?

Off the Chain reports beneficial ownership of 460,343 BNB PLUS CORP. common shares. This total includes 217,840 outstanding shares and 242,503 shares of common stock underlying warrants, constrained by a contractual 9.99% beneficial ownership limitation in the warrant terms.

What types of BNB PLUS CORP. securities does Off the Chain hold?

Off the Chain holds common stock and several types of warrants. These include pre-funded warrants exercisable for 1,288,186 common shares and common stock warrants exercisable for 1,506,026 shares, though only 242,503 warrant shares are currently counted toward beneficial ownership.

Why is only part of Off the Chain’s BNBX warrant position counted in beneficial ownership?

The warrants contain a 9.99% beneficial ownership limitation, often called a blocker. This cap prevents the holder’s beneficial ownership from exceeding 9.99%, so only 242,503 shares underlying the warrants are included in the reported 460,343 beneficially owned shares.

How did BNB PLUS CORP. determine the ownership percentage reported by Off the Chain?

The reported 9.99% stake is calculated using 4,365,541 BNB PLUS CORP. shares outstanding as of December 15, 2025, as disclosed in an annual report, plus 242,503 shares underlying warrants. Off the Chain’s 460,343 beneficially owned shares are measured against this combined share figure.

What is Off the Chain Capital, LLC’s role in managing BNB PLUS CORP. securities?

Off the Chain Capital, LLC is described as the manager of Off the Chain LP and holds investment discretion over the common shares, warrants, and the shares underlying those warrants. Both entities report shared voting and dispositive power over the 460,343 beneficially owned BNB PLUS CORP. shares.
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