Bannix Acquisition (BNIX) announced that its board of directors has decided to extend the date by which Bannix must consummate an initial business combination from January 14, 2025 for an additional month, to February 14, 2025. As previously disclosed, at an annual meeting of its stockholders held on September 6, 2024, Bannix’ stockholders voted in favor of a proposal to amend Bannix’s Amended and Restated Certificate of Incorporation to provide Bannix with the right to extend the Deadline Date up to six times for an additional one month each time until March 14, 2025. Also as previously announced, if an Extension is implemented, the sponsor of Bannix, Instant Fame or its designees will deposit into the trust account, as a loan, the lesser of $25,000 and $0.05 for each share that is not redeemed in connection with the special meeting. On January 14, 2025, the Board, at the request of the Sponsor, decided to implement the twenty-third Extension and to extend the Deadline Date for an additional month to February 14, 2025.
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