Bannix Acquisition Corp. (BNIX) has released an update.
Bannix Acquisition Corp. shareholders recently approved a proposal to extend the deadline for the company to complete a business combination by up to twelve additional months, with a new deadline set for March 14, 2024. This extension can be enacted monthly by board resolution, at the request of its sponsor, with an additional loan of $75,000 per extension deposited into the trust account. The company officially announced this extension through a press release on February 20, 2024.
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