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Stock impact report

Bannix Acquisition Corp. Announces Monthly Extension to Complete its Initial Business Combination

Bannix Acquisition Corp. (BNIX) 
Company Research Source: GlobeNewswire
WEST HOLLYWOOD, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- 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 February 14, 2024 for an additional month, to March 14, 2024. As previously disclosed, at a special meeting of its stockholders held on March 8, 2023, 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 12 times for an additional one month each time (the “Extension”) until March 14, 2024. On March 9, 2023, Bannix filed the Amended Charter with the Secretary of State of the State of Delaware. Also as previously announced, if an Extension is implemented, the sponsor of Bannix, Instant Fame LLC (the “Sponsor”), or its designees will deposit into th Show less Read more
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