Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Bannix Acquisition Corp. (BNIX) has issued an update.
Bannix Acquisition Corp. stockholders have approved an extension for the company to finalize a business combination by up to six additional months, with the new deadline set for June 14, 2024. Should these extensions be utilized, Bannix’s sponsor is set to contribute $25,000 for each month of delay, with the first such amount already deposited into the trust account. This move is designed to provide Bannix with more time to complete its strategic transaction without the need for further shareholder voting, as announced in their recent press release.
For detailed information about BNIX stock, go to TipRanks’ Stock Analysis page.
