Bannix Acquisition Corp

Bannix Acquisition Corp. operates as a blank check company. It is created for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on January 21, 2021 and is headquartered in Woodcliff Lake, NJ.

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Bannix Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on January 21, 2021 and is headquartered in West Hollywood, CA.

WEST HOLLYWOOD, Calif., April 19, 2024 (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, 2024 for an additional month, to May 14, 2024.

Bannix Acquisition Corp. Announces Monthly Extension to Complete its Initial Business Combination

Also discuss Apollo IP system implementation with Evie Autonomous Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - August 23, 2023) - Investorideas.com ( www.investorideas.com ), a global investor news source covering Artificial Intelligence (AI) stocks releases a special edition of the AI Eye podcast looking at AI technology in autonomous vehicles, featuring interviews with Bannix Acquisition Corp. (NASDAQ: BNIX) and AI innovator GBT Technologies Inc. (OTC Pink: GTCH). Listen to the podcast on Investorideas.com: https://www.investorideas.com/Audio/Podcasts/2023/082123-AI-Eye-GBT-Bannix.mp3 Hear the AI Eye Podcast on Spotify Watch the podcast on YouTube: Cannot view this video?

The AI Eye Podcast - GBT's CTO and Bannix CEO Discuss Autonomous Vehicles and $42.5 Million Apollo IP System Patent Purchase

Bannix to Acquire GBT's Apollo IP to Enhance Autonomous Vehicle Perception and Mapping Purchase Price of $42,500,000 to be paid in shares of Preferred Stock LOS ANGELES, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (NASDAQ : BNIX) and GBT Technologies Inc. (OTC : GTCH), a leading developer of innovative wireless communication products and services through GBT Tokenize Corp. (“Tokenize”), which GTCH holds 50% of, today announced that they entered into a definitive Patent Purchase Agreement pursuant to BNIX acquiring the Apollo IP system for $42,500,000 payable in shares of Preferred Stock of BNIX. The Apollo IP system, which consists of four (4) granted patents and one (1) pending, is a revolutionary radio frequency-based computer vision technology that, upon full development, can provide autonomous vehicles with superior perception and mapping capabilities in all lighting conditions and weather.

Bannix Acquisition Corp. & GBT Technologies, Inc. Announce Execution of Patent Purchase Agreement

Developer of Ai Technologies and Autonomous Future Mobility Platforms for Industrial & Commercial Environments.

Bannix Acquisition Corp. Announces Entering into a Business Combination Agreement with Evie Autonomous Group Ltd.

WEST HOLLYWOOD, Calif., April 21, 2023 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (“Bannix”: NASDAQ:BNIX) announced today that on April 17, 2023, it entered into a Binding Letter of Intent (“BLOI”) that provides for Bannix to execute a definitive agreement with respect to a business combination (“BCA”) with EVIE Autonomous Automotive Ltd. (“EVIE Autonomous” https://evieautonomous.com/), a U.K.-based autonomous vehicle technology company acquired from Aim Technologies Group by the well-known British automotive entrepreneur Steven Lake. The entire business combination transaction consideration will be paid with securities of Bannix. No cash consideration will be paid.

Bannix Acquisition Corp. Announces a Binding LOI to Complete a Business Combination with an Autonomous Vehicle Technology Company

WEST HOLLYWOOD, Calif., March 06, 2023 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (NASDAQ: BNIX) (the “Company”) today announced that it is further clarifying its and Instant Fame, LLC (the “Sponsor”) intent with respect to the excise tax liabilities associated with any redemptions. To clarify the language in the prior press release dated March 1, 2023, to mitigate the current uncertainty surrounding the implementation of the Inflation Reduction Act of 2022, in the event that the extension (the “Extension”) of the time period the Company has to complete an initial business combination (the “Business Combination”) is implemented, as described in the Company's definitive proxy statement (the “Proxy Statement”), the Sponsor or a designee will indemnify the Company against any excise tax liabilities with respect to any redemption opportunities. As such, the Company will not, under any circumstances, withdraw any amounts from the Trust Account, including interest earned on the Trust Account, to pay for the Excise Tax. As previously stated, if the Extension is implemented, the Company plans to maintain the remaining amount in its trust account in an interest-bearing demand deposit account at a bank.

UPDATE - Bannix Acquisition Corp. Clarifies Position on Excise Tax and Rational for Extension Periods

WOODCLIFF LAKE, N.J., Aug. 26, 2022 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (NASDAQ: BNIX) (“Bannix” or the “Company”), a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, announced that on August 23, 2022, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“NASDAQ”) advising the Company that the Company did not comply with NASDAQ's Listing Rule 5250(c)(1) for continued listing because NASDAQ had not received the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2022 (the “Form 10-Q”).

Bannix Acquisition Corp. Receives NASDAQ Notification of Non-Compliance With Listing Rules

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