BNB Plus Corp. board turns over, adds three directors tied to GlobalStake
Three directors resigned effective September 3, 2026, and the board filled the seats with new members, one of whom leads a paid advisory review of the company through GlobalStake Infrastructure.
BNB Plus Corp. disclosed in an 8-K that Robert B. Catell, Joseph D. Ceccoli, and Dr. Yacov Shamash notified the company of their resignation as directors, effective September 3, 2026.1 The company said the resignations were not the result of any disagreement with the company on any matter relating to its operations, policies or practices.1
On the same date, the board named Richard Shorten, Todd Larsen and Lok Lee to fill the vacancies, with each set to serve until the next annual stockholder meeting.1 Larsen and Lee will join the Audit and Compensation Committees, and Larsen will also sit on the Nominating Committee.1 Compensation for the three new directors has not yet been set and will be agreed upon later.1
The filing details ties between Shorten and other parties. Shorten has worked in blockchain and AI infrastructure, including as Chairman of GlobalStake Infrastructure, LLC, described as an institutional digital infrastructure platform.1 He is the sole owner of Silvermine Capital Advisors, LLC, which controls an entity owning about 40% of GlobalStake.1 Effective June 17, 2026, the company began a strategic advisory engagement with GlobalStake, paying a prepaid fee of $300,000 for an initial four-month term covering a review of the company's business, assets and capital structure.1
The filing also links GlobalStake to Comstock MultiChain Fund, LP, calling it an investment fund and current shareholder of the company1, with Shorten serving as majority owner and managing member of both Comstock MultiChain GP, LLC and Silvermine.1 Comstock GP had earlier taken part in financings with the company, including the October 2025 private placement, where it purchased 1,506,026 prefunded warrants and 1,506,026 Series E-2 warrants for $5.0 million in gross proceeds1, and a May 2026 private placement completed June 30, 2026, involving warrant exchanges into Series B-1 and B-2 preferred stock for $747.8 thousand in gross proceeds.1
Written by readthrough’s AI from the linked primary sources and fact-checked against them automatically before publishing. Not investment advice.