Bannix Acquisition Corp. Announces Monthly Extension to Complete its Initial Business Combination
Bannix Acquisition Corp has announced its board's decision to extend the deadline for completing its initial business combination from December 14, 2024, to January 14, 2025. This extension is part of a previously approved amendment allowing up to six one-month extensions until March 14, 2025. The extension requires Instant Fame , Bannix's sponsor, to deposit into the trust account either $25,000 or $0.05 per non-redeemed share, whichever is lesser. This marks the twenty-second extension implemented by the board at the sponsor's request.
Bannix Acquisition Corp ha annunciato la decisione del suo consiglio di estendere la scadenza per il completamento della sua combinazione aziendale iniziale dal 14 dicembre 2024 al 14 gennaio 2025. Questa estensione fa parte di un emendamento precedentemente approvato che consente fino a sei estensioni mensili fino al 14 marzo 2025. L'estensione richiede che Instant Fame, il patrocinatore di Bannix, depositi nel conto fiduciario o $25.000 o $0,05 per ogni azione non rimborsata, a seconda di quale sia il minore. Questa è la ventiduesima estensione attuata dal consiglio su richiesta del patrocinatore.
Bannix Acquisition Corp ha anunciado la decisión de su junta de extender la fecha límite para completar su combinación empresarial inicial del 14 de diciembre de 2024 al 14 de enero de 2025. Esta extensión es parte de una enmienda previamente aprobada que permite hasta seis extensiones mensuales hasta el 14 de marzo de 2025. La extensión requiere que Instant Fame, el patrocinador de Bannix, deposite en la cuenta fiduciaria $25,000 o $0.05 por acción no canjeada, lo que sea menor. Esta es la vigésima segunda extensión implementada por la junta a solicitud del patrocinador.
Bannix Acquisition Corp는 이사회가 초기 사업 조합 완료 마감일을 2024년 12월 14일부터 2025년 1월 14일로 연장하기로 결정했다고 발표했습니다. 이 연장은 2025년 3월 14일까지 최대 6개의 한 달 연장을 허용하는 이전에 승인된 수정안의 일환입니다. 이 연장은 Instant Fame, Bannix의 스폰서가 신탁 계좌에 $25,000 또는 비환급 주식 1주당 $0.05 중 적은 금액을 입금해야 함을 요구합니다. 이는 스폰서의 요청에 따라 이사회에서 시행한 22번째 연장입니다.
Bannix Acquisition Corp a annoncé la décision de son conseil d'administration d'étendre le délai pour finaliser sa combinaison commerciale initiale du 14 décembre 2024 au 14 janvier 2025. Cette extension fait partie d'un amendement précédemment approuvé permettant jusqu'à six extensions d'un mois jusqu'au 14 mars 2025. L'extension exige que Instant Fame, le sponsor de Bannix, dépose sur le compte fiduciaire soit 25 000 $, soit 0,05 $ par action non échangée, selon ce qui est le plus faible. Cela marque la vingt-deuxième extension mise en œuvre par le conseil à la demande du sponsor.
Bannix Acquisition Corp hat die Entscheidung seines Vorstands angekündigt, die Frist für den Abschluss seiner ursprünglichen Unternehmenszusammenführung vom 14. Dezember 2024 auf den 14. Januar 2025 zu verlängern. Diese Verlängerung ist Teil einer zuvor genehmigten Änderung, die bis zu sechs einmonatige Verlängerungen bis zum 14. März 2025 ermöglicht. Die Verlängerung erfordert von Instant Fame, dem Sponsor von Bannix, entweder 25.000 $ oder 0,05 $ pro nicht eingelöster Aktie in das Treuhandkonto einzuzahlen, je nachdem, was geringer ist. Dies ist die zweiundzwanzigste Verlängerung, die auf Antrag des Sponsors vom Vorstand umgesetzt wurde.
- None.
- Continued delays in completing initial business combination
- Additional costs incurred through extension deposits
- Multiple extensions (22nd) suggest potential difficulties in finding/closing suitable acquisition target
WILMINGTON, Del., Dec. 16, 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 December 14, 2024 for an additional month, to January 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 (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 March 14, 2025.
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)
On December 13, 2024, the Board, at the request of the Sponsor, decided to implement the twenty-two Extension and to extend the Deadline Date for an additional month to January 14, 2025.
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
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Contact :
Bannix Acquisition Corp
Douglas Davis, CEO
(302) 305-479
doug.davis@bannixacquisition.com
FAQ
When is Bannix Acquisition Corp's (BNIX) new deadline for completing its business combination?
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