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Bannix Acquisition announces monthly extension to complete business combination

Bannix Acquisition announced that its board of directors has decided to extend the date by which Bannix must consummate an initial business combination from March 14, 2025 for an additional month, to April 14, 2025. As previously disclosed, at a special meeting of its stockholders held on March 7, 2025, Bannix' stockholders voted in favor of a proposal to amend Bannix's Amended and Restated Certificate of Incorporation to provide Bannix with the right to extend the Deadline Date up to three times for an additional one month each time until June 14, 2025. Also as previously announced, if an Extension is implemented, the sponsor of Bannix, Instant Fame, or its designees will deposit into the trust account, as a loan, the lesser of $25,000 and $0.05 for each share that is not redeemed in connection with the special meeting. On March 12, 2025, the Board, at the request of the Sponsor, decided to implement the twenty-fifth Extension and to extend the Deadline Date for an additional month to April 14, 2025.

Bannix Acquisition announces monthly extension to complete business combination

Bannix Acquisition announced that its board of directors has decided to extend the date by which Bannix must consummate an initial business combination from February 14, 2025 for an additional month, to March 14, 2025. As previously disclosed, at an annual meeting of its stockholders held on September 6, 2024, Bannix' stockholders voted in favor of a proposal to amend Bannix's Amended and Restated Certificate of Incorporation to provide Bannix with the right to extend the Deadline Date up to six times for an additional one month each time until March 14, 2025. Also as previously announced, if an Extension is implemented, the sponsor of Bannix, Instant Fame, or its designees will deposit into the trust account, as a loan, the lesser of $25,000 and $0.05 for each share that is not redeemed in connection with the special meeting. On February 12, 2025, the Board, at the request of the Sponsor, decided to implement the twenty-fourth Extension and to extend the Deadline Date for an additional month to March 14, 2025.