Bannix Acquisition Corp.: debt financing — Bannix Acquisition issues $87,325 promissory note to EVIE Autonomous for planned business combination

Bannix Acquisition Corp.

Unsecured promissory note of $87,325 issued to EVIE Autonomous Ltd. on May 12, 2023.
Note bears no interest; repayable upon consummation of business combination or liquidation.
If no business combination by deadline, note repaid only from funds outside trust account or forfeited.
Previously announced binding LOI to acquire 100% of EVIE on April 17, 2023.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bannix Acquisition Corp. incurred loan of $87,325 with EVIE Autonomous Ltd. maturing upon the earlier of (a) the date of the consummation of Bannix's initial business combination, or (b) the date of Bannix's liquidation.

Instrument: loan
Principal: $87,325
Counterparty: EVIE Autonomous Ltd.
Maturity: upon the earlier of (a) the date of the consummation of Bannix's initial business combination, or (b) the date of Bannix's liquidation
Event: incurrence

Exact text from the filing

the Company issued to EVIE an unsecured promissory note in the principal amount of $87,325 (the “Note”). The Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of Bannix’s initial business combination, or (b) the date of Bannix’s liquidation.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Bannix Acquisition Corp. entered into Unsecured Promissory Note with EVIE Autonomous Ltd. valued at $87,325 (effective 2023-05-12).

Action: entry
Agreement: notes offering
Counterparty: EVIE Autonomous Ltd.
Value: $87,325
Effective: 2023-05-12

Exact text from the filing

On May 12, 2023, the Company issued to EVIE an unsecured promissory note in the principal amount of $87,325 (the “Note”).

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001731122-23-000960

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.