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Bannix Acquisition Corp. (BNIX) has provided an announcement.
Bannix Acquisition Corp. stockholders have approved an extension to the deadline for the company to complete a significant business transaction, such as a merger or acquisition, until September 14, 2024, with the possibility of monthly extensions. Each extension permits the sponsor to contribute a financial loan to the trust account to support the company’s continued search for a suitable business combination. The company has recently utilized this option, extending the deadline to August 14, 2024, and has issued a press release to announce this latest extension.
See more insights into BNIX stock on TipRanks’ Stock Analysis page.
