Bannix Acquisition announced that its board has decided to extend the SPAC’s deal deadline to June 14.
Bannix can extend further, if necessary, up to Sept. 14.
Bannix’s sponsor Instant Fame will deposit the lesser of $25,000 or 5 cents a share into trust for the additional month.
The SPAC in March announced a $30 million merger agreement with VisionWave Technologies, which would receive 3 million shares of Bannix stock. The target is a provider of cloud business management software. Read more.
