Bannix Acquisition Corp. ( (BNIX) ) has issued an update.
On February 12, 2025, Bannix Acquisition Corp. announced its decision to extend the deadline for completing an initial business combination to March 14, 2025. This decision follows a prior stockholder vote in September 2024, allowing the company to extend this deadline monthly for up to six months. The extension reflects Bannix’s ongoing efforts to finalize a suitable business combination, impacting its operational timeline and providing additional flexibility to secure an appropriate merger, potentially influencing shareholder interests and company prospects.
More about Bannix Acquisition Corp.
Bannix Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) formed to execute mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with other businesses or entities.
YTD Price Performance: 4.82%
Average Trading Volume: 3,890
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $33.33M
See more data about BNIX stock on TipRanks’ Stock Analysis page.