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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 13, 2026
BNB STANDARD CORPORATION
(Exact name of registrant as specified in its charter)
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| Nevada | 001-41266 | 27-3911608 |
| (State or other jurisdiction of | (Commission | (IRS Employer |
| incorporation or organization) | File Number) | Identification No.) |
385 South Pierce Avenue, Suite C
Louisville, Colorado 80027
(Address of principal executive office) (Zip Code)
(303) 993-5271
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Common Stock, par value $0.00001 | | BNC | | Nasdaq Capital Market |
| Warrants to purchase Common Stock | | BNCWW | | Nasdaq Capital Market |
| Warrants to purchase Common Stock | | BNCWZ | | Nasdaq Capital Market |
| Preferred Stock Purchase Rights | | N/A | | Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 19, 2026, the Board of Directors (the "Board") of BNB Standard Corporation (the "Company") appointed Alex Odagiu as Chief Executive Officer and principal executive officer of the Company, effective October 19, 2026 (the "Effective Date"). Mr. Odagiu continues to serve as a director. Mr. Odagiu's service as the Company's Interim President ended on the Effective Date. William B. Miller’s service as Interim Principal Executive Officer ended on the Effective Date, and he will continue to serve as Chief Financial Officer, principal financial officer and principal accounting officer.
Mr. Odagiu, age 35, served as Interim President of the Company from June 2026 until the Effective Date. He has served as a director since June 2026 and will continue to serve on the Board. From September 2025 to the Effective Date, he served as an Investment Partner of YZiLabs Management Ltd. ("YZiLabs"), an investment firm focused on the digital asset, blockchain, Web3, AI, and biotech sectors, where he identified and evaluated high-potential investment opportunities, conducted due diligence, structured deals, and presented recommendations, provided strategic guidance to portfolio companies on scaling, fundraising, and operations, and built relationships with founders, investors, and partners. He resigned from all positions with YZiLabs as of the Effective Date. Mr. Odagiu previously served as an Investment Director of YZiLabs from January 2022 to September 2025, as well as an Investment Manager from September 2021 to December 2021. Prior to that, Mr. Odagiu served as an Associate at Letterone Technology (UK) LLP, an affiliate of Letterone Investment Holdings SA, an investment firm focused on the technology sector, from 2019 to January 2021. Mr. Odagiu began his career at Goldman Sachs International, an affiliate of The Goldman Sachs Group, Inc. (NYSE: GS), a multinational investment bank and financial services company, where he served in the Investment Banking Division as an Associate from 2016 to 2018, as well as an Analyst from 2014 to 2016. Mr. Odagiu received an M.A. (Hons) in Economics and Mathematics from the University of St Andrews.
The Board appointed Mr. Odagiu on the recommendation of its Chief Executive Officer Search Committee and its Nominating & Governance Committee following a market-standard search using a retained search firm. Under the Cooperation Agreement, dated June 23, 2026, between the Company and YZiLabs, as amended (the “Cooperation Agreement”), the search committee was required to consider in good faith any candidates suggested by YZiLabs, including Mr. Odagiu.
Since July 20, 2026, Mr. Odagiu has served as Interim President pursuant to a Consulting Agreement between the Company and W4 LLC, an entity of which Mr. Odagiu is the sole owner, under which the Company has accrued $70,968 to W4 LLC. The Consulting Agreement was terminated on the Effective Date. On August 5, 2025, the Company entered into a strategic advisor agreement with YZiLabs, pursuant to which the Company issued to YZiLabs strategic advisor warrants to purchase an aggregate of 3,564,359 shares of its common stock with an exercise price of $0.00001 per share. Mr. Odagiu retains passive carried interest and co-investment positions in funds managed by YZiLabs and its affiliates. Except as described in this Item 5.02, Mr. Odagiu has no direct or indirect material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K. In addition, Mr. Odagiu does not have any family relationship with any director or officer of the Company or any other person nominated or chosen by the Company to become a director or executive officer.
On October 19, 2026, the Company and Mr. Odagiu entered into an Employment Agreement (the "Employment Agreement"). Employment is at will and terminable by either party on 30 days' notice. The Employment Agreement provides for an annual base salary of $525,000 and a target annual incentive bonus of 75% of base salary, with his 2026 bonus equal to his target bonus prorated for the portion of 2026 during which he serves as Chief Executive Officer of the Company. Mr. Odagiu will receive no additional compensation for service as a director.
Mr. Odagiu will receive a new hire grant of restricted stock units, to be granted by the Compensation Committee following stockholder approval of the Company's 2026 Equity Incentive Plan, equal to 2.5% of the shares of common stock outstanding immediately before the grant date, which will be the second business day after stockholder approval of the plan. Forty percent of the grant consists of time-based restricted stock units that vest 25% on the first anniversary of the Effective Date and in equal quarterly installments over the following three years, subject to his continued service. Sixty percent of the grant consists of performance stock units that can be earned on the basis of the Company's share price measured in BNB (35%), net BNB per share (35%) and an income coverage ratio (30%) over measurement periods of one to three years, which, once earned, vest on the same service-based schedule. Beginning in 2027, Mr. Odagiu is eligible for annual equity awards. In addition, Mr. Odagiu is entitled to participate in employee benefit plans and programs generally available to the Company's executive officers.
If the Company terminates Mr. Odagiu's employment without Cause (as defined in the Employment Agreement) or he resigns for Good Reason (as defined in the Employment Agreement), he will receive base salary continuation for six months (twelve months if the termination occurs on or after the first anniversary of the Effective Date), a lump sum equal to his target bonus prorated for the severance period, COBRA premium reimbursement for the same period, any earned but
unpaid bonus for the prior year, vesting of performance stock units already earned, and continued vesting and performance measurement of his other new hire grant units through the severance period. If the termination occurs within one year after, or in anticipation of, a Change in Control (as defined in the Employment Agreement), he will instead receive twelve months of base salary continuation, a lump sum equal to twelve months of base salary plus a prorated target bonus, twelve months of COBRA premium reimbursement, full vesting of time-based awards and vesting of performance-based awards at the greater of target and actual performance. On termination due to death or disability, he will receive a prorated target bonus and twelve months of accelerated vesting. Severance is conditioned on a release of claims.
The Employment Agreement contains a post-employment non-competition covenant for the severance period (six months if no severance is payable) and a one-year post-employment non-solicitation covenant, and provides for reimbursement of up to $50,000 of legal and tax advisory fees and up to $15,000 of relocation expenses. Under the Employment Agreement, Mr. Odagiu resigned from all positions with YZiLabs as of the Effective Date. Mr. Odagiu’s incentive-based compensation, including the performance stock units, is subject to the Company’s compensation recovery policy adopted under Rule 10D-1 under the Securities Exchange Act of 1934, as amended, and Nasdaq Listing Rule 5608.
On October 19, 2026, the Company also entered into an indemnification agreement with Mr. Odagiu (the “Indemnification Agreement”) substantially in the form of the Company’s standard indemnification agreement for its directors and executive officers, with modifications that exclude claims arising from his service to YZiLabs and its affiliates, including acts on behalf of YZiLabs in matters in which YZiLabs or its affiliates are adverse to the Company.
The foregoing descriptions of the Employment Agreement and the Indemnification Agreement are qualified in their entirety by reference to the full text of those agreements, copies of which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and incorporated by reference herein.
Item 7.01 Regulation FD Disclosure.
On October 13, 2026, the Company issued a press release announcing the launch of its new corporate website and the publication of its Adjusted Net Asset Value and Adjusted NAV per share. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On October 19, 2026, the Company issued a press release announcing Mr. Odagiu's appointment and the Company's plan to operate a validator on BNB Chain. A copy of the press release is furnished as Exhibit 99.2 to this Current Report on Form 8-K.
The Company advises investors and the public that it intends to use each of its corporate website (www.bnbstandard.com), including its treasury dashboard, and its X account (@BNBStandard) as a channel of distribution for information that may be considered material non-public information and for complying with its disclosure obligations under Regulation FD, including, but not limited to, press releases, SEC filings, earnings announcements, public conference calls, investor presentations, webcasts, financial and operational data, and other information regarding the Company, its business, financial condition, and results of operations. The information the Company posts through these channels may be deemed material. Accordingly, the Company advises investors and the public to monitor these channels, in addition to following its press releases, SEC filings, earnings announcements, public conference calls, investor presentations,webcasts, financial and operational data, and other information regarding the Company, its business, financial condition, and results of operations. The information contained on, or that may be accessed through, the Company's website or social media channels is not incorporated by reference into, and is not a part of, this Current Report on Form 8-K.
The information in this Item 7.01, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
(d)Exhibits.
| | | | | | | | |
| Exhibit No. | | Description |
| 10.1 | | Employment Agreement, dated October 19, 2026, between BNB Standard Corporation and Alex Odagiu.#† |
| 10.2 | | Indemnification Agreement, dated October 19, 2026, between BNB Standard Corporation and Alex Odagiu.# |
| 99.1 | | Press Release of BNB Standard Corporation, dated October 13, 2026 (furnished herewith) |
| 99.2 | | Press Release of BNB Standard Corporation, dated October 19, 2026 (furnished herewith) |
| 104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
# Indicates a management contract or compensatory plan or arrangement.† Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant treats as private or confidential.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: October 19, 2026
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| BNB STANDARD CORPORATION |
| | |
| By: | /s/ William B. Miller |
| Name: | William B. Miller |
| Title: | Chief Financial Officer |
BNB Standard Corporation Launches New Corporate Website as First Step in Bringing the BNB Standard to Wall Street
•New site at www.bnbstandard.com carries the Company's new brand and an expanded treasury dashboard updated intraday
•Website is the first step in carrying BNB ecosystem education to institutional investors
LOUISVILLE, CO, October 12, 2026 (GLOBE NEWSWIRE) -- BNB Standard Corporation (Nasdaq: BNC) ("BNB Standard," "BNC," or the "Company"), a growth-oriented company focused on managing the world's largest corporate treasury of BNB, today announced the launch of its new corporate website at www.bnbstandard.com, including an expanded version of the treasury dashboard the Company first introduced in November 2025 when it launched its digital asset treasury strategy. The Company now publishes its Adjusted Net Asset Value (“NAV”) and Adjusted NAV per share (each a non-GAAP measure) on its website, updated throughout the day. The website is the first step in the Company's effort to set the standard for accountability among public companies in the BNB ecosystem and to carry that standard, and an understanding of BNB, to institutional investors outside it. The new site continues the brand refresh introduced with the Company's name change on September 29, 2026, and expands the information the Company makes available to stockholders, research analysts, and the broader BNB community.
The new website introduces the following:
•Treasury dashboard. A view of the Company's BNB holdings, Adjusted NAV and Adjusted NAV per share (each a non-GAAP measure, presented with its definition and a reconciliation to the most directly comparable GAAP measure), the multiple of market capitalization to Adjusted NAV, and the BNB and BNC market prices used in each calculation, with the date as of which each input is measured. BNB and BNC prices are sourced from independent market sources. Outside regular U.S. market hours, the BNC share price used is the most recent closing price. BNB holdings, cash, other assets, liabilities and share count are updated when the Company reports them in its SEC filings. Per-share figures use diluted share-equivalents, which count unvested restricted stock units and in-the-money options and warrants at their gross number of shares and exclude out-of-the-money instruments. The Company records a snapshot of these figures at 4:30 p.m. Eastern Time each trading day in a calculation archive on its website.
•Investor relations hub. SEC filings, press releases, governance documents and information on the Company's common stock and listed warrants, in one consolidated section.
•BNB ecosystem education. Resources explaining the BNB ecosystem and the digital asset treasury model to institutional investors and research analysts, drawing on third-party sources. The Company intends to extend this program beyond the website and become the BNB standard-bearer in the public markets.
•Brand and media kit. The Company's new visual identity, including the cube mark and BNB Standard lockups in all approved colorways, with usage guidance and downloadable assets for media and ecosystem partners.
"We took the name BNB Standard because the ecosystem needs a public company that holds itself to one, and we intend to be that company. Transparency and accountability are key," said Alex Odagiu, Interim President of BNB Standard Corporation. "That standard also has to reach the investors who have not yet studied BNB. Most of Wall Street is in that group, and we intend to be the
company that explains the BNB ecosystem to them and the value of BNB. This website is where that work begins."
“We hold the largest U.S.-based corporate BNB treasury as a public company because we believe in where the BNB ecosystem is going. Our job is to grow the BNB behind every share, and investors will be able to watch us do it using our dashboard,” said Brent Miller, Interim Principal Executive Officer and Chief Financial Officer.
The Company advises investors and the public that it intends to use each of its corporate website (www.bnbstandard.com), including its treasury dashboard, and its X account (@BNBStandardCo) as a channel of distribution for information that may be considered material, non-public information and for complying with its disclosure obligations under Regulation FD, including, but not limited to, press releases, SEC filings, earnings announcements, public conference calls, investor presentations, webcasts, financial and operational data, and other information regarding the Company, its business, financial condition, and results of operations. The information the Company posts through these channels may be deemed material. Accordingly, the Company advises investors and the public to monitor these channels, in addition to following its press releases, SEC filings, earnings announcements, public conference calls, investor presentations, webcasts, financial and operational data, and other information regarding the Company, its business, financial condition, and results of operations. The information contained on, or that may be accessed through, the Company's website or social media channels is not incorporated by reference into, and is not a part of, this press release.
About BNB Standard Corporation
BNB Standard Corporation (Nasdaq: BNC) is a growth-oriented company that focuses on building category-leading businesses in consumer markets, including building and managing the world's largest corporate treasury of BNB.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the U.S. federal securities laws, which reflect our current views with respect to, among other things, our operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believe," "expect," "potential," "continue," "may," "should," "seek," "approximately," "predict," "intend," "will," "plan," "project," "target," "estimate," "anticipate," "conviction," the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. By their nature, forward-looking statements speak only as of the date they are made, are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. BNC's expectations, beliefs and projections are expressed in good faith and BNC believes there is a reasonable basis for them. However, there can be no assurance that BNC's expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.
The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Examples of forward-looking statements include, but are not limited to, statements regarding the Company’s execution of its BNB digital asset treasury strategy, driving operational and strategic execution, the Company's brand refresh, the Company's new website and treasury dashboard, the Company's publication of Adjusted NAV and Adjusted NAV per
share, the Company's intended use of its website and X account for disclosure purposes, the Company's plans to educate institutional investors about the BNB ecosystem and its other future initiatives, the Company's ability to grow BNB per share, the Company's strategy and engagement with the BNB community, the Company’s efforts to set the standard for accountability among public companies in the BNB ecosystem, the Company's position as the world's largest corporate BNB treasury, the Company’s BNB holdings, treasury management opportunities within the BNB ecosystem, the Company’s financial condition and liquidity outlook, the Company’s future financial results, share repurchases, strategy, plans, objectives, expectations (financial or otherwise) and growth potential, and the Company's ability to create stockholder value. BNC wishes to caution readers that these forward-looking statements may be affected by the risks and uncertainties in BNC's business, as well as other important factors that may have affected and could in the future affect BNC's actual results and could cause BNC's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of BNC. In evaluating these forward-looking statements, readers should consider various risk factors, which include, but are not limited to: the accuracy, completeness and timeliness of third-party information presented on BNC's website, including information derived from third-party price sources and inputs measured as of a date earlier than the date displayed, price data that update approximately every five minutes and may lag current market prices, and figures calculated outside regular U.S. market hours using the most recent BNC closing price; differences between Adjusted NAV and Adjusted NAV per share and the most directly comparable GAAP measures; the trading price of BNC's common stock relative to Adjusted NAV per share; interruptions, errors or cybersecurity incidents affecting BNC's website; BNC's ability to secure, maintain and protect its rights to use the BNB Standard name and related marks; market and community reception of the new name and brand; volatility in the market price of BNB and other digital assets; the concentration of BNC's holdings in BNB and of its custody arrangements within the Binance ecosystem; collateral maintenance and repayment obligations under BNC's master loan facility; the outcome of the litigation relating to BNC's Asset Management Agreement (the "AMA"), BNC's non-payment of accrued management fees, and the enforceability of the AMA's liquidated damages provision; BNC's ability to appoint a permanent chief executive officer and an additional independent director within the deadlines under BNC's cooperation agreement with YZiLabs; the previously disclosed material weakness in BNC's internal control over financial reporting; BNC's continued compliance with Nasdaq listing requirements; BNC's ability to finance its current business and proposed future business, including the ability to finance the continued acquisition of BNB; evolving laws, regulations and accounting guidance applicable to digital assets; the future value and adoption of BNB; shareholder activism; outcome of the Company's director and CEO searches; and execution of the Company's BNB digital asset treasury strategy.
Forward-looking statements are subject to numerous conditions and risks, many of which are beyond BNC's control. In addition, these forward-looking statements and the information in this press release are qualified in their entirety by cautionary statements and risk factor disclosures contained in BNC's filings with the SEC, including BNC's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and BNC's subsequent filings with the SEC, as each may be amended or supplemented from time to time. Copies of BNC's filings with the SEC are available on the SEC's website at www.sec.gov. BNC undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release, except as required by law.
BNB Standard Corporation Media Inquiries:
bnc@cw8.co
BNB Standard Corporation Investor Relations:
james@haydenir.com
PRESS RELEASE
BNB Standard Corporation Appoints Alex Odagiu as Chief Executive Officer and Announces Plan to Operate a BNB Chain Validator
•Odagiu has served as Interim President and as a member of the Board of Directors since June 2026
•Former YZi Labs Investment Partner and Goldman Sachs investment banker, with years of experience alongside builders in the BNB Chain ecosystem
•Company will operate its own validator on BNB Chain, run with a specialist infrastructure partner under BNB Standard's governance
LOUISVILLE, CO, October 19, 2026 (GLOBE NEWSWIRE) -- BNB Standard Corporation (Nasdaq: BNC) ("BNB Standard," "BNC," or the "Company"), a growth-oriented company focused on managing the world's largest corporate treasury of BNB, today announced that its Board of Directors (the “Board”) has appointed Alex Odagiu as Chief Executive Officer, effective October 19, 2026. Mr. Odagiu has served as the Company's Interim President since June 2026 and will continue to serve as a member of the Board. He will also serve as the Company's principal executive officer, a role held on an interim basis by Brent Miller, who continues as Chief Financial Officer. The Board made the appointment on the recommendation of its Chief Executive Officer Search Committee, chaired by director Matthew Roszak, following an exhaustive search.
BNB Standard also announced today that it will operate its own validator on BNB Chain. The Company will select, through a competitive process, a specialist infrastructure provider to run the validator's technical operations under the Company's governance. Treasury BNB will remain with qualified custodians throughout the staking process. Validator rewards vary with network activity and validator performance and are not guaranteed. The Company will report on the validator through its treasury dashboard at www.bnbstandard.com once the validator is live on mainnet.
Mr. Odagiu joined BNB Standard as Interim President and a member of the Board in June 2026. As Interim President, in addition to developing the validator strategy, he led the Company's rebranding from CEA Industries to BNB Standard and the October 2026 launch of its website and treasury dashboard at www.bnbstandard.com. Before joining the Company, Mr. Odagiu was an Investment Partner at YZi Labs, where he helped lead token, equity and strategic investments and worked with founders across the BNB Chain ecosystem, including through the Most Valuable Builder accelerator program. In connection with his appointment, Mr. Odagiu has stepped down as an Investment Partner of YZi Labs. He began his career in investment banking at Goldman Sachs International. He holds an M.A. (Hons) in Economics and Mathematics from the University of St Andrews.
"Matt Roszak and the Search Committee ran a disciplined process, and the Board unanimously and enthusiastically accepted their recommendation," said Carly E. Howard, Chair of the Board of BNB Standard Corporation. "Working with Alex during his time as Interim President, we saw his creativity and his instinct for innovation up close. His passion for the BNB ecosystem runs deep, and he has spent years backing the builders who make it grow. We are confident he is the right person to lead BNB Standard."
“Alex combines deep BNB ecosystem expertise with the strategic and operational discipline to lead BNB Standard,” said Matthew Roszak, a member of the Board and Chair of the Chief Executive Officer Search Committee. “His tenure as Interim President gave the Board direct evidence of his leadership and ability to execute. He has our full confidence to lead the company’s next phase of growth.”
“My priorities are to grow BNB per share and build an operating business on BNB Chain, starting with our planned validator,” said Mr. Odagiu. “We will report our progress in public. I also want to bring institutional investors who have not yet studied BNB into the ecosystem. I thank the Board for its confidence and look forward to the work ahead with our team.”
Mr. Odagiu will join Remy Blaire, News Anchor at FINTECH.TV for a fireside chat at Money20/20 USA at The Venetian Resort in Las Vegas on Monday, October 19, 2026, at 11:00 a.m. PT.
About BNB Standard Corporation
BNB Standard Corporation (Nasdaq: BNC) is a growth-oriented company that focuses on building category-leading businesses in consumer markets, including building and managing the world's largest corporate treasury of BNB.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the U.S. federal securities laws, which reflect our current views with respect to, among other things, our operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believe," "expect," "potential," "continue," "may," "should," "seek," "approximately," "predict," "intend," "will," "plan," "project," "target," "estimate," "anticipate," “confidence,” "conviction," the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. By their nature, forward-looking statements speak only as of the date they are made, are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. BNC's expectations, beliefs and projections are expressed in good faith, and BNC believes there is a reasonable basis for them. However, there can be no assurance that BNC's expectations, beliefs and projections will result or be achieved, and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.
The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Examples of forward-looking statements include, but are not limited to, statements regarding Mr. Odagiu’s contributions, the Company's leadership and management structure, the Company's plans to operate a validator on BNB Chain, including the selection of an infrastructure provider, the timing of the validator's launch, the rewards and costs of its operation and the Company's reporting on it, the Company's plans to educate institutional investors about the BNB ecosystem and its other future initiatives, the Company's intended use of its website for disclosure purposes, the Company’s execution of its BNB digital asset treasury strategy, the Company's strategy and engagement with the BNB community, the Company's position as the world's largest corporate BNB treasury, treasury management opportunities within the BNB ecosystem, the Company’s future financial results, share repurchases, strategy, plans, objectives, expectations (financial or otherwise) and growth potential and the Company's ability to create stockholder value. BNC wishes to caution readers that these forward-looking statements may be affected by the risks and uncertainties in BNC's business, as well as other important factors that may have affected and could in the future affect BNC's actual results and could cause BNC's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of BNC. In evaluating these forward-looking statements, readers should consider various risk factors, which include, but are not limited to: BNC's ability to attract, integrate and retain senior management; BNC's ability to appoint an additional independent director within the deadlines under BNC's cooperation agreement with YZiLabs; the outcome of the Company's director searches; the accuracy, completeness and timeliness of information presented on BNC's website; differences between Adjusted Net Asset Value and the most directly comparable GAAP measures; BNC's ability to secure, maintain and protect its rights to use the BNB Standard name and related marks; market and community reception of the new name and brand; volatility in the market price of BNB and other digital assets; the concentration of BNC's holdings in BNB and of its custody arrangements within the Binance ecosystem; BNC's ability to establish and operate a validator on BNB Chain, including its selection of and reliance on a third-party infrastructure provider, the amount and variability of validator rewards, and the risk of slashing, downtime, custody or smart contract failure; collateral maintenance and repayment obligations under BNC's master loan facility; the outcome of the litigation relating to BNC's Asset Management Agreement (the "AMA"), BNC's non-payment of accrued management fees, and the enforceability of the AMA's liquidated damages provision; the previously disclosed material weakness in BNC's internal control over financial reporting; BNC's continued compliance with Nasdaq listing requirements; BNC's ability to finance its current business and proposed future business, including the ability to finance the continued acquisition of BNB; evolving laws, regulations and accounting guidance applicable to digital assets; the future value and adoption of BNB; shareholder activism; and execution of the Company's BNB digital asset treasury strategy.
Forward-looking statements are subject to numerous conditions and risks, many of which are beyond BNC's control. In addition, these forward-looking statements and the information in this press release are qualified in their entirety by cautionary statements and risk factor disclosures contained in BNC's filings with the SEC, including BNC's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and BNC's subsequent filings with the SEC, as each may be amended or supplemented from time to time. Copies of BNC's filings with the SEC are available on the SEC's website at www.sec.gov. BNC undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release, except as required by law.
BNB Standard Corporation Media Inquiries:
bnc@cw8.co
BNB Standard Corporation Investor Relations:
james@haydenir.com
