Bannix Acquisition Corp. Announces Monthly Extension to Complete its Initial Business Combination
July 17 2024 - 8:30AM
Bannix Acquisition Corp. (“Bannix”) announced today that its board
of directors (the “Board”) has decided to extend the date by which
Bannix must consummate an initial business combination (the
“Deadline Date”) from July 14, 2024 for an additional month, to
August 14, 2024.
As previously disclosed, at an annual meeting of
its stockholders held on March 8, 2024, Bannix’s stockholders voted
in favor of a proposal to amend Bannix’s Amended and Restated
Certificate of Incorporation (as amended, the “Amended Charter”) to
provide Bannix with the right to extend the Deadline Date up to six
times for an additional one month each time (the “Extension”) until
September 14, 2024.
Also as previously announced, if an Extension is
implemented, the sponsor of Bannix, Instant Fame LLC (the
“Sponsor”), or its designees will deposit into the trust account,
as a loan, the lesser of (x) $25,000 and (y) $0.05 for each share
that is not redeemed in connection with the annual meeting.
On July 15, 2024, the Board, at the request of
the Sponsor, decided to implement the seventeenth Extension and to
extend the Deadline Date for an additional month to August 14,
2024.
About Bannix Acquisition
Corp.
Bannix Acquisition Corp. is a blank check
company, also commonly referred to as a Special Purpose Acquisition
Company, or SPAC, formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses or
entities.
Forward-Looking Statements
This press release and oral statements made from
time to time by representatives of the Company may include
“forward-looking statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
other than statements of historical fact included in this press
release are forward-looking statements. When used in this press
release, words such as “anticipate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,”
“possible,” “potential,” “predict,” “project,” “should,” “would”
and similar expressions, as they relate to the Company or its
management team, identify forward-looking statements. Such
forward-looking statements are based on the beliefs of the
Company’s management, as well as assumptions made by, and
information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to the
Company or persons acting on its behalf are qualified in their
entirety by this paragraph. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and prospectus for the
Company’s initial public offering filed with the SEC. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contact :
Bannix Acquisition CorpDouglas Davis, CEO(302)
305-479doug.davis@bannixacquisition.com
Bannix Acquisition (NASDAQ:BNIX)
Historical Stock Chart
From Oct 2024 to Nov 2024
Bannix Acquisition (NASDAQ:BNIX)
Historical Stock Chart
From Nov 2023 to Nov 2024