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Bannix Receives Nasdaq Non-Compliance Notice

Bannix last month announced a $30 million 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.
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Sagaliam Acquisition Signs Novation Agreement with Enzolytics

Sagaliam in March said its units were delisted from the Nasdaq. There were several reasons for the Nasdaq’s decision, including delinquent SEC filings, falling below the minimum $50 million market cap and the minimum shareholder threshold, as well as issues with the SPAC’s business combination.
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Israel Acquisitions Files Confidential F-4 on $125M Pomvom Deal

The target is a digital platform that connects guests to media of themselves captured by amusement park or venue cameras. Pomvom serves many of the largest theme park and attraction operators globally, including Six Flags, Warner Bros., and Merlin Entertainment.
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Generation Asia I Moves Goalposts Back a Month

Redemptions of $59.8 million in stock removed 69% of the cash in trust on an extension vote earlier this month. In response, the SPAC said 2,422,500 Class B shares have been converted into Class A shares on a 1-for-1 basis.