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NEWS
Bannix Acquisition Corp. Announces Monthly Extension to Complete its Initial Business Combination
Bannix Acquisition Corp. (BNIX) has announced a one-month extension of its deadline to complete an initial business combination. The new deadline is now August 14, 2024, extended from July 14, 2024. This marks the seventeenth extension approved by the company's board of directors.
The extension is part of a provision allowing up to six one-month extensions until September 14, 2024, as approved by stockholders on March 8, 2024. For each extension, the sponsor, Instant Fame , will deposit into the trust account a loan of either $25,000 or $0.05 per non-redeemed share, whichever is less.
The extension is part of a provision allowing up to six one-month extensions until September 14, 2024, as approved by stockholders on March 8, 2024. For each extension, the sponsor, Instant Fame , will deposit into the trust account a loan of either $25,000 or $0.05 per non-redeemed share, whichever is less.
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