Item 1.01 Entry into a Material Definitive Agreement. On September 28, 2026, the Company entered into a Second Amendment (the “Amendment”), to the Registration Rights Agreement, dated May 26, 2026, as amended by the First Amendment to the Registration Rights Agreement, dated June 23, 2026 (the “Agreement”), with holders of 50.1% or more (the “Purchasers”) of the Registrable Securities.…
Filed Oct 2, 2026Accepted Oct 2, 2026, 7:31 AM EDTCIK 744452Accession 0001104659-26-113044
We are a digital asset treasury company that has adopted BNB, the native cryptocurrency of the Binance blockchain ecosystem as its primary reserve asset. By using proceeds from financings, as well as potential cashflow from its operations, we seek to strategically accumulate BNB and utilize the accumulated BNB as a productive treasury asset to produce yield via Binance native and DeFi opportunities. The Company’s digital asset, digital asset receivable from custodian, and its investment in digital asset trust, comprises the Company’s digital asset treasury, or “DAT”.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On September 28, 2026,
the Company entered into a Second Amendment (the “Amendment”), to the Registration Rights Agreement, dated May 26, 2026, as
amended by the First Amendment to the Registration Rights Agreement, dated June 23, 2026 (the “Agreement”), with holders of
50.1% or more (the “Purchasers”) of the Registrable Securities.
Under the Agreement,
the Company was required to prepare and file a registration statement for the Registrable Securities within 30 days of May 26, 2026, which
was extended to 30 days following the final closing date of the related private securities offering. The Amendment removed such registration
requirement and replaced it with an obligation to file a registration statement upon holders of at least 51% in interest of the then-outstanding
Registrable Securities demanding that the Company file a Registration Statement covering the resale of any or all Registrable Securities
(a “Demand”) (such date that the Company receives Demand the “Demand Date”). Holders of Registrable Securities
can make no more than two Demands. Upon receipt of a Demand, the Company is obligated to prepare and file a registration statement on
or prior to 45th calendar day following the Demand Date.
Each signatory to the
Amendment also irrevocably waived any failure by the Company to perform its obligations under the Agreement that occurred on or prior
to the date of the Amendment and released the Company from any and all claims relating thereto.
All capitalized terms
used but not defined herein have the meanings ascribed to them in the Agreement.
The foregoing description
of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the
Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.