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Bannix Acquisition Corp. (BNIX) just unveiled an update.
Bannix Acquisition Corp. stockholders have approved an extension to the deadline by which the company must complete a significant business transaction. This allows the company up to six additional one-month extensions, potentially until September 2024, without needing further stockholder votes. Each extension requires a financial contribution to the trust account, with the most recent extension moving the deadline to July 14, 2024. This strategic move is aimed at providing Bannix with more time to secure an optimal business combination, reflecting the company’s commitment to maximizing value for its shareholders.
For detailed information about BNIX stock, go to TipRanks’ Stock Analysis page.
