BNB Plus Corp. (Nasdaq: BNBX) (“BNBX” or the “Company”) today announced that its biopharmaceutical subsidiary, LineaRx, Inc. (“LineaRx”), has received two new orders for LineaDNA from well-established developers of genetic medicines. Production and shipment of both orders is expected to be completed prior to June 2026. “We’re pleased to receive these new orders from leading genetic medicine companies,” said Clay Shorrock, President and CEO of BNBX.
“We believe our continued engagements with top-tier customers demonstrates both the technical excellence of our LineaDNA platform and our continued operational execution.” LineaRx continues to demonstrate strong operational performance. The Company recently received a $1.2 million accelerated LineaDNA order, representing the largest LineaDNA order in its history. Inclusive of this recent order, LineaRx expects to ship over $1.5 million of LineaDNA to customers in the diagnostic and genetic medicines markets in the first half of calendar year 2026, with approximately 8 grams of DNA expected to ship in the current quarter.
The Company also continues to focus on enhancing operational efficiency and driving cost savings across its business operations. BNBX has implemented comprehensive cost reduction initiatives, streamlining operations and achieving approximately $3 million in estimated annual cost savings in the legacy LineaRx business. In addition, the Company recently completed its move into a new smaller corporate headquarters, resulting in expected additional annualized cost savings of over $600,000. Building on cost optimization and manufacturing strength, the Company anticipates LineaRx will demonstrate strong financial improvement in FY26Q2 and beyond.
The Company maintains significant holdings of BNB tokens and OBNB trust units as part of its digital asset portfolio. At a current value of $598 per token, the Company’s BNB treasury stands at more than $10.7 million as of February 23, 2026, more than double BNBX’s current market cap.
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