Bannix Acquisition closed its IPO of 6.9 million units, including 900,000 units sold through the full exercise of the underwriter’s over-allotment option.
Units trade on the Nasdaq under BNIXU. Each consists of one share, one redeemable warrant exercisable at $11.50 for a share, and one right to receive 1/10th of one share.
Once the securities begin separate trading, stock, warrants and rights are expected to list under BNIX, BNIXW and BNIXR.
I-Bankers was sole underwriter for the offering.
The SPAC is focused on B2B software companies engaged in the telecom, financial services or retail sectors. Read more.
