BNB Plus faces delisting risk from NASDAQ and has initiated an evaluation of strategic plans to maximize shareholder value.

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Golden Finance reports that BNB Treasury Company BNB Plus has disclosed receiving a notification from Nasdaq that, due to its stock price falling below the $1 minimum requirement, it no longer meets the continued listing standards, and because it implemented a reverse stock split in the past year, it is not eligible for a regular corrective period. The company stated that it has applied for a hearing, and its stock will continue trading on Nasdaq until the outcome is announced.
In addition, BNB Plus also announced that the board of directors has approved the initiation of a strategic alternative evaluation to maximize shareholder value. Potential options include mergers, reverse mergers, asset sales, joint ventures, and financing transactions. As of now, the value of the crypto treasury assets is approximately $12.2 million.

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