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

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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 special meeting.  On April 11, 2025, the Board, at the request of the Sponsor, decided to implement the twenty-sixth Extension and to extend the Deadline Date for an additional month to May 14, 2025.

WILMINGTON, Del., April 14, 2025 (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 April 14, 2025 for an additional month, to May 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 (as amended, the "Amended Charter”) to provide Bannix with the right to extend the Deadline Date up to three times for an additional one month each time (the "Extension”) until June 14, 2025.

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Author / Journalist: Bannix Acquisition Corp.

Category: Technology

Markets: China

Topics: US0666441052 Nasdaq:BNIX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-14 @ 21:23:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 13 lines

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Copyright Owner: © GlobeNewswire

News ID: 27884103

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