regulatory
confidence high
sentiment negative
materiality 0.65
Bannix Acquisition Corp.: Nasdaq/NYSE listing notice — Bannix Acquisition flagged by Nasdaq for missing Q2 10-Q; delisting risk if not cured
Bannix Acquisition Corp.
- Received Nasdaq notice on Aug 22, 2023 for failure to file Form 10-Q for quarter ended June 30, 2023.
- Has 60 calendar days (until ~Oct 22, 2023) to submit a plan to regain compliance under Listing Rule 5250(c)(1).
- If plan accepted, Nasdaq may grant extension until Feb 12, 2024; otherwise, securities subject to delisting.
- Company expects to file the 10-Q within the 60-day period; no immediate impact on trading.