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