An announcement from Bannix Acquisition Corp. (BNIX) is now available.
Bannix Acquisition Corp. stockholders have approved an extension to the deadline for completing a significant business transaction, such as a merger or acquisition, to September 14, 2024. This extension marks the eighteenth time the deadline has been extended, allowing the company additional time to finalize a deal. To support each extension, Bannix’s sponsor has agreed to contribute funds to the company’s trust account, up to $25,000. This move aims to provide Bannix with more flexibility to secure an optimal business combination.
For a thorough assessment of BNIX stock, go to TipRanks’ Stock Analysis page.