Bannix Acquisition in a regulatory filing said the company hired Erik Klinger to serve as CFO. Klinger’s recent work has focused on providing advisory services to growing companies that have significant recurring revenues, including providing advice on mergers and acquisitions and fractional CFO services to those companies.
Bannix last month announced a merger agreement with VisionWave Technologies, which would receive 3 million shares of the SPAC’s stock. The target is a provider of cloud business management software.
The deal announcement came two weeks after Bannix said it terminated a merger agreement with EVIE Autonomous, a U.K.-based company. Bannix said it called off the deal because EVIE had failed to provide a loan to the SPAC as required by the merger agreement.
Bannix can extend its deadline as necessary on a monthly basis up to Sept. 14, which would mark the three-year anniversary of its IPO.
The SPAC raised $69 million in a 2021 IPO, although redemptions since then have pulled the trust down to about $17 million. Read more.
