Bannix Acquisition Corp. Announces Monthly Extension to Complete its Initial Business Combination
Bannix Acquisition Corp (BNIX) has announced a one-month extension to complete its initial business combination, moving the deadline from April 14, 2025 to May 14, 2025. This decision follows stockholder approval received on March 7, 2025, which amended the company's Certificate of Incorporation to allow up to three one-month extensions until June 14, 2025.
As part of this twenty-sixth extension, the company's sponsor, Instant Fame , will deposit into the trust account a loan amount equal to the lesser of $25,000 or $0.05 per non-redeemed share. This extension was implemented following the board's approval on April 11, 2025, at the sponsor's request.
Bannix Acquisition Corp (BNIX) ha annunciato una proroga di un mese per completare la sua combinazione aziendale iniziale, spostando la scadenza dal 14 aprile 2025 al 14 maggio 2025. Questa decisione segue l'approvazione degli azionisti ricevuta il 7 marzo 2025, che ha modificato il Certificato di Incorporazione della società per consentire fino a tre proroghe di un mese ciascuna fino al 14 giugno 2025.
Come parte di questa ventiseiesima proroga, lo sponsor della società, Instant Fame, verserà sul conto fiduciario un prestito pari al minore tra $25.000 o $0,05 per azione non riscattata. Questa estensione è stata attuata dopo l'approvazione del consiglio di amministrazione l'11 aprile 2025, su richiesta dello sponsor.
Bannix Acquisition Corp (BNIX) ha anunciado una prórroga de un mes para completar su combinación comercial inicial, trasladando la fecha límite del 14 de abril de 2025 al 14 de mayo de 2025. Esta decisión sigue a la aprobación de los accionistas recibida el 7 de marzo de 2025, que modificó el Certificado de Incorporación de la empresa para permitir hasta tres prórrogas de un mes cada una hasta el 14 de junio de 2025.
Como parte de esta vigésima sexta prórroga, el patrocinador de la empresa, Instant Fame, depositará en la cuenta fiduciaria un préstamo por un monto igual al menor entre $25,000 o $0.05 por acción no redimida. Esta extensión se implementó tras la aprobación de la junta directiva el 11 de abril de 2025, a solicitud del patrocinador.
Bannix Acquisition Corp (BNIX)는 초기 사업 결합 완료 기한을 2025년 4월 14일에서 2025년 5월 14일로 한 달 연장했다고 발표했습니다. 이 결정은 2025년 3월 7일 주주 승인에 따라 회사 정관이 수정되어 최대 세 번의 한 달 연장(2025년 6월 14일까지)을 허용한 데 따른 것입니다.
이번 26번째 연장의 일환으로 회사 스폰서인 Instant Fame은 미상환 주식 1주당 $0.05 또는 $25,000 중 적은 금액만큼 신탁 계좌에 대출금을 입금할 예정입니다. 이 연장은 2025년 4월 11일 이사회 승인 후 스폰서 요청에 의해 시행되었습니다.
Bannix Acquisition Corp (BNIX) a annoncé une prolongation d’un mois pour finaliser sa première fusion commerciale, repoussant la date limite du 14 avril 2025 au 14 mai 2025. Cette décision fait suite à l’approbation des actionnaires reçue le 7 mars 2025, qui a modifié le certificat de constitution de la société pour permettre jusqu’à trois prolongations d’un mois chacune jusqu’au 14 juin 2025.
Dans le cadre de cette vingt-sixième prolongation, le sponsor de la société, Instant Fame, déposera sur le compte en fiducie un prêt correspondant au moindre montant entre 25 000 $ ou 0,05 $ par action non rachetée. Cette prolongation a été mise en œuvre après approbation du conseil d’administration le 11 avril 2025, à la demande du sponsor.
Bannix Acquisition Corp (BNIX) hat eine einmonatige Verlängerung zur Durchführung der ersten Unternehmensfusion angekündigt und die Frist vom 14. April 2025 auf den 14. Mai 2025 verschoben. Diese Entscheidung folgt auf die Zustimmung der Aktionäre am 7. März 2025, welche die Satzung des Unternehmens dahingehend änderte, bis zu drei einmonatige Verlängerungen bis zum 14. Juni 2025 zu ermöglichen.
Im Rahmen dieser sechsundzwanzigsten Verlängerung wird der Sponsor des Unternehmens, Instant Fame, einen Darlehensbetrag in Höhe des geringeren Betrags von 25.000 $ oder 0,05 $ pro nicht eingelöster Aktie auf das Treuhandkonto einzahlen. Diese Verlängerung wurde nach der Genehmigung durch den Vorstand am 11. April 2025 auf Antrag des Sponsors umgesetzt.
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WILMINGTON, Del., April 14, 2025 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (“Bannix”) announced today that its board of directors (the “Board”) has decided to extend the date by which Bannix must consummate an initial business combination (the “Deadline Date”) from April 14, 2025 for an additional month, to May 14, 2025.
As previously disclosed, at a special meeting of its stockholders held on March 7, 2025, Bannix’ stockholders voted in favor of a proposal to amend Bannix’s Amended and Restated Certificate of Incorporation (as amended, the “Amended Charter”) to provide Bannix with the right to extend the Deadline Date up to three times for an additional one month each time (the “Extension”) until June 14, 2025.
Also as previously announced, if an Extension is implemented, the sponsor of Bannix, Instant Fame LLC (the “Sponsor”), or its designees will deposit into the trust account, as a loan, the lesser of (x)
On April 11, 2025, the Board, at the request of the Sponsor, decided to implement the twenty-sixth Extension and to extend the Deadline Date for an additional month to May 14, 2025.
About Bannix Acquisition Corp.
Bannix Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Forward-Looking Statements
This press release and oral statements made from time to time by representatives of the Company may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to the Company or its management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company’s management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact :
Bannix Acquisition Corp
Douglas Davis, CEO
doug.davis@bannixacquisition.com
FAQ
What is the new deadline for Bannix (BNIX) to complete its business combination?
How much will Instant Fame deposit for BNIX's April 2025 extension?
How many extensions can BNIX still implement after April 2025?
When did BNIX shareholders approve the extension amendments?
Which extension number is the April 2025 extension for BNIX?
