UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from to For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 BANNIX ACQUISITION CORP. (Exact Name of Registrant as Specified in its Charter) | Delaware | 001-40790 | 86-1626016 | | --- | --- | --- | | (State or other jurisdiction ...

WILMINGTON, Del., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (“Bannix”) (NASDAQ: BNIX), a publicly traded special purpose acquisition company, and VisionWave Technologies, Inc. (“VisionWave”), a company specializes in the development, testing, and commercialization of advanced technologies for defense, surveillance, and homeland security applications., today announced that VisionWave Holdings, Inc., a wholly owned subsidiary of Bannix (“VisionWave Holdings”), filed with the U.S. Securities a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to BANNIX ACQUISITION CORP. | --- | --- | --- | |------------------------------------------------------------------|----------------------|-----------------------| | (E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to BANNIX ACQUISITION CORP. | --- | --- | |-------------------------------------------------------------------------|-----------------------| | (Exact Name of Registrant as ...

Financial Performance - For the three months ended March 31, 2023, the company reported a net income of $188,713, consisting of interest income of $682,922, offset by operating costs of $313,530 and income tax provision of $180,679 [195]. - The company reported that the adoption of ASU 2023-09 regarding income tax disclosures is not expected to have a material impact on its financial statements [199]. Business Combination - The company extended the deadline to complete a business combination from December 14, 2022, to July 14, 2024, necessitating loans to fund required deposits [185]. - The company has entered into a proposed Business Combination Agreement with VisionWave as a remedy for its going concern assessment [197]. - The VisionWave Business Combination Agreement includes covenants for both parties to use commercially reasonable efforts to comply with NASDAQ listing requirements and governmental approvals [189]. - The company received stockholder approval to remove the redemption limitation preventing a business combination if net tangible assets would fall below $5,000,001 [186]. - The company cannot assure the success of its plans to complete the initial business combination [194]. Financial Obligations - The company issued unsecured promissory notes to Evie Autonomous LTD with a principal balance of $1,003,995, which are repayable upon the consummation of the initial Business Combination or liquidation [196]. Internal Control - The company has identified a material weakness in internal control over financial reporting as of March 31, 2024, which could affect the accuracy of financial results [204]. Regulatory Impact - The Inflation Reduction Act of 2022 imposes a 1% excise tax on stock repurchases, which may affect the company's cash available for business combinations [206].

● Your only opportunity to affect the investment decision regarding a potential business combination may be limited to the exercise of your right to redeem your shares from us for cash, unless we seek stockholder approval of the business combination. ● The ability of our public stockholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in ord ...

Core Points - Bannix Acquisition Corp. has received a notification from NASDAQ regarding non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Quarterly Report on Form 10-Q for the period ended March 31, 2024, and the delinquency in filing its Form 10-K for the fiscal year ended December 31, 2023 [1][2] - The company has until June 24, 2024, to submit a plan to regain compliance with NASDAQ's listing requirements and is actively working to complete the necessary filings [2] - The notification does not have an immediate effect on the listing of the company's securities on NASDAQ, but there is no assurance that the company will meet the filing deadlines or regain compliance [2] Company Overview - Bannix Acquisition Corp. is a blank check company established for the purpose of executing mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses [3]

WILMINGTON, Del., May 28, 2024 (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 May 23, 2024, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market ("NASDAQ") advising the Company that the Company does not comply with NASD ...

WILLMINGTON, Del., May 17, 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 May 14, 2024 for an additional month, to June 14, 2024. As previously disclosed, at an annual meeting of its stockholders held on March 8, 2024, Bannix' stockholders voted in favor of a proposal to amend Bannix's Amended and Restated Certificat ...

WEST HOLLYWOOD, Calif., April 26, 2024 (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 April 25, 2024, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market ("NASDAQ") advising the Company that the Company did not comply w ...