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Bannix Acquisition Corp. ( (BNIX) ) has issued an update.
On May 13, 2025, Bannix Acquisition Corp.‘s board of directors decided to extend the deadline for completing its initial business combination by one month to June 14, 2025. This extension, the twenty-seventh of its kind, was requested by the company’s sponsor, Instant Fame LLC, and involves a financial contribution to the trust account. This move reflects Bannix’s ongoing efforts to finalize a business combination, impacting its operational timeline and potentially affecting stakeholders’ expectations.
More about Bannix Acquisition Corp.
Bannix Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) formed to facilitate mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses or entities.
Average Trading Volume: 3,272
Technical Sentiment Signal: Buy
Current Market Cap: $32.48M
For detailed information about BNIX stock, go to TipRanks’ Stock Analysis page.