---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-000344"
form_type: "8-K"
ticker: null
cik: "0001845942"
company_name: "Bannix Acquisition Corp."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:50:25.328343+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bannix Acquisition extends deadline to March 2024; ~42% of shares redeemed for $41M

## Summary
- Stockholders approved extension of business combination deadline from March 14, 2023 to March 14, 2024 (up to 12 monthly extensions).
- Holders of 3,960,387 shares exercised redemption rights, withdrawing ~$41.1M from trust ($10.37/share).
- Post-redemption outstanding shares reduced to 5,463,613 from 9,424,000.
- Sponsor can extend monthly for up to 12 months with $75,000 deposit per month; automatic 3-month extension not sought.
- Company filed charter amendment and trust agreement amendment to effectuate extension.

## SEC filing metadata
- accession: 0001731122-23-000344
- form_type: 8-K
- cik: 0001845942
- company_name: Bannix Acquisition Corp.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.07, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845942/000173112223000344/0001731122-23-000344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845942/000173112223000344/e4485_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-000344
- JSON: https://secwatch.observer/filing/0001731122-23-000344.json
- Plain text: https://secwatch.observer/filing/0001731122-23-000344.txt

## Key facts
- Governance Changes
  Bannix Acquisition Corp.: Amended certificate of incorporation to extend the deadline for completing a business combination from March 14, 2023 to March 14, 2024, with possible further extensions (effective 2023-03-09).
  - Change: charter amendment
  - Effective: 2023-03-09
  source text: the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on March 9, 2023 (the “Extension Amendment”), to extend the date (the “Extension”) by which the Company must (1) complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination involving the Company and one or more businesses (an “initial business combination”), (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem 100% of the Company’s common stock (“common stock”) included as part of the units sold in the Company’s initial public offering that was consummated on September 14, 2021 (the “IPO”), from March 14, 2023, and to allow the Company, without another stockholder vote, to further extend the date to consummate a business combination on a monthly basis up to twelve (12) times by an additional one (1) month ea
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845942/000173112223000344/0001731122-23-000344-index.htm
- Material Agreements
  Bannix Acquisition Corp. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2023-03-08).
  - Action: amendment
  - Counterparty: Continental Stock Transfer & Trust Company
  - Effective: 2023-03-08
  source text: on March 8, 2023, Bannix Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”) entered into an amendment, dated March 8, 2023 (the “Trust Amendment”) to the Investment Management Trust Agreement, dated as of September 14, 2021, by and between the Company and the Trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845942/000173112223000344/0001731122-23-000344-index.htm
- Shareholder Votes
  Bannix Acquisition Corp. shareholders approved Extension Amendment at the 2023-03-08 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-03-08
  source text: 1. Charter Amendment Stockholders approved the Extension Amendment. The voting results were as follows: FOR AGAINST ABSTAIN 6,327,619 830,860 3,950
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845942/000173112223000344/0001731122-23-000344-index.htm
- Shareholder Votes
  Bannix Acquisition Corp. shareholders approved Trust Amendment at the 2023-03-08 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-03-08
  source text: 2. Trust Amendment Stockholders approved the Trust Amendment. The voting results were as follows: FOR AGAINST ABSTAIN 6,320,087 838,392 3,950
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845942/000173112223000344/0001731122-23-000344-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.