Bannix Acquisition today filed a preliminary proxy describing its plan to combine with EVIE Autonomous. The target is a U.K.-based autonomous vehicle technology company acquired from Aim Technologies Group by British automotive entrepreneur Steven Lake.
Evie Autonomous makes driverless platforms with the goal of transforming logistics, public service and mass transit. The current Evie Pod has transported over 6.3 million people at London Heathrow Airport since 2010.
Terms call for Bannix to acquire all the issued and outstanding shares of EVIE in exchange for the issuance of 85 million new shares of Class A stock.
Bannix raised $69 million in a September 2021 IPO, although the trust as of June was down to about $30.5 million following extension votes. Read more.
