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

Core Points - Bannix Acquisition Corp. has extended the deadline for its initial business combination from May 14, 2024, to June 14, 2024 [1] - The stockholders of Bannix voted to allow the company to extend the deadline up to six times for an additional month each time, potentially until September 14, 2024 [2] - The sponsor, Instant Fame LLC, will deposit a loan into the trust account if an extension is implemented, with the amount being the lesser of $25,000 or $0.05 for each share not redeemed [3] Company Overview - Bannix Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities [4]