Welcome to our dedicated page for BNIXU news (Ticker: BNIXU), a resource for investors and traders seeking the latest updates and insights on BNIXU stock.
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Bannix Acquisition Corp. has successfully closed its initial public offering (IPO) with a total of 6,900,000 units sold, including 900,000 units from the underwriter’s over-allotment option. The offering price was set at $10.00 per unit, generating $69 million in gross proceeds. The units started trading on September 10, 2021, on the Nasdaq under the ticker symbol BNIXU. Each unit comprises one share of common stock, one warrant to purchase a share at $11.50, and one right for 1/10 of a share. I-Bankers Securities, Inc. served as the sole underwriter.
Bannix Acquisition Corp. announced the pricing of its upsized initial public offering (IPO) of 6,000,000 units at $10.00 each, consisting of one share of common stock, one redeemable warrant, and one right to receive 1/10 of a share upon business combination completion. Each warrant is exercisable at $11.50 per share. The underwriter has a 30-day option for an additional 900,000 units. Trading under the ticker symbol 'BNIXU' on Nasdaq starts on September 10, 2021, with the offering expected to close on September 14, 2021.
