WEST HOLLYWOOD, Calif., December 8, 2022 (GLOBE NEWSWIRE) — Bannix Acquisition Corp. (NASDAQ: BNIX) (“we” or “Bannix”) today announced that its sponsor, Bannix Management LLP, has announced that the company will enter into a business combination. notice of intention to extend the deadline by which the To raise the $690,000 security deposit required to enable such an extension, the company will obtain: A loan from Instant Fame, LLC as evidenced by an interest-free promissory note payable upon completion of the business combination by the Company. If the Company is unable to complete the business combination, any outstanding obligations under the Promissory Notes, after payment of all other fees and expenses of the Company, except to the extent of funds held outside of the Company’s trust accounts, Exempt.
About Banix Acquisition Corp.
Bannix Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed for the purpose of conducting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. more companies or organizations.
This press release contains statements that constitute “forward-looking statements.” This includes, among other things, statements regarding the Company’s plans to file Form 10-Q and amend its previous SEC filings, including restatements of certain consolidated financial statements contained therein. These forward-looking statements are based on current expectations and projections of future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about our company and therefore our actual results, level of activity, performance or achievements may not Levels, performance or achievements may differ materially. It is implied by such forward-looking statements. Sometimes “works”, “could”, “should”, “could”, “would”, “expect”, “plan”, “predict” , “believe,” and other terms identify forward-looking statements. ”, “estimate”, “continue” or the negation of such terms or other similar expressions. Factors that may cause or contribute to such discrepancies include, but are not limited to, those set forth in our SEC filings. Copies of these documents are available on the SEC’s website at www.sec.gov. We undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Banix Acquisition Corporation
Doug Davis, CEO
sauce: Banix Acquisition Corporation