SCHEDULE: Sabby Management Discloses 4.9% Stake in BNB Plus Corp.

Sabby Management, LLC and affiliated entities reported a 4.9% beneficial ownership stake in BNB Plus Corp. common stock as of December 31, 2025.

Summary

• Sabby Management, LLC, Sabby Volatility Warrant Master Fund, Ltd., and Hal Mintz collectively reported beneficial ownership of 217,840 shares of BNB PLUS CORP. Common Stock.
• This ownership represents 4.9% of the issuer's class of securities.
• The reporting persons hold shared voting power and shared dispositive power over all 217,840 shares.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a previous filing for this ownership.
• The securities were not acquired and are not held for the purpose of changing or influencing control of BNB PLUS CORP.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, indicating a passive investment. It does not inherently carry strong positive or negative sentiment, as it's a routine regulatory update.

Positives

• A significant institutional investor, Sabby Management, LLC, holds a substantial stake in BNB PLUS CORP., potentially signaling confidence in the company's prospects.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing indicates a passive investment by an institutional fund in BNB PLUS CORP., a common occurrence in the public markets where funds take positions in companies they believe offer value or growth potential.

Stakeholder Impact

• Shareholders: Awareness of a significant institutional investor holding a 4.9% stake, which could be viewed as a vote of confidence or a potential source of liquidity.

Key Dates

Keywords

BNB PLUS CORP., Sabby Management, Sabby Volatility Warrant Master Fund, Hal Mintz, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Equity Stake