---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-000411"
form_type: "8-K"
ticker: null
cik: "0001845942"
company_name: "Bannix Acquisition Corp."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:22:26.268708+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bannix Acquisition Corp. terminates Business Combination Agreement with EVIE Group

## Summary
- Termination effective March 11, 2024 due to EVIE Group's failure to provide required loan under Section 5.21.
- Initial loan demand notices sent Jan 12 and Feb 22, 2024; later withdrawn before final termination.
- No termination penalties payable by Bannix under the agreement.
- Sponsor Letter Agreement and Transaction Support Agreement automatically terminated as a result.
- Bannix had agreed to issue 85M shares to acquire EVIE Group; deal now abandoned.

## SEC filing metadata
- accession: 0001731122-24-000411
- form_type: 8-K
- cik: 0001845942
- company_name: Bannix Acquisition Corp.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845942/000173112224000411/0001731122-24-000411-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845942/000173112224000411/e5488_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-000411
- JSON: https://secwatch.observer/filing/0001731122-24-000411.json
- Plain text: https://secwatch.observer/filing/0001731122-24-000411.txt

## Key facts
- Material Agreements
  Bannix Acquisition Corp. terminated Business Combination Agreement with EVIE Autonomous Group Ltd. and the shareholder of the EVIE Group (effective 2024-03-11).
  - Action: termination
  - Agreement: merger
  - Counterparty: EVIE Autonomous Group Ltd. and the shareholder of the EVIE Group
  - Effective: 2024-03-11
  source text: On March 11, 2024, Bannix sent EVIE Group and the EVIE Group Shareholder a notice providing that the Business Combination Agreement has been terminated as a result of the failure of EVIE Group and the EVIE Group Shareholder to loan or procure a loan to Bannix as required pursuant to Section 5.21 of the Business Combination Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845942/000173112224000411/0001731122-24-000411-index.htm

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