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Bannix Acquisition Corp. ( (BNIX) ) just unveiled an announcement.
Bannix Acquisition Corp. has extended its deadline to finalize an initial business combination until October 14, 2024, following approval from its stockholders to prolong the process up to six additional months if necessary. The company faces potential delisting from the Nasdaq if it fails to complete the business combination within the new timeframe. Despite this pressure, Bannix remains engaged in a pending merger with VisionWave Technologies and has deposited funds into a trust account to support each monthly extension, demonstrating a commitment to meeting its objectives and maintaining investor confidence.
For detailed information about BNIX stock, go to TipRanks’ Stock Analysis page.
