secwatch.observer — SEC 8-K summary
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Issuer:     Bannix Acquisition Corp. (—)
CIK:        0001845942
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001731122-24-000414
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.07, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bannix shareholders extend deadline to Sept 2024; 1.38M shares redeemed at $10.99
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- Shareholders approved Extension Amendment to extend business combination deadline from March 14, 2024 to September 14, 2024, with up to six monthly extensions.
- Also approved removal of $5,000,001 net tangible asset redemption limitation (NTA Amendment) and Trust Amendment to facilitate extension.
- Stockholders redeemed 1,381,866 shares at ~$10.99/share, removing ~$15.19M from trust account; 4,081,747 shares remain outstanding.
- Six directors were elected (Douglas Davis, Craig J. Marshak, Jamal Khurshid, Eric T. Shuss, Ned L. Siegel, Subash Menon) and RBSM LLP ratified as auditor.
- All voting items received over 86% support; 93.05% of eligible shares were represented at the meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1845942/000173112224000414/0001731122-24-000414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1845942/000173112224000414/e5491_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-000414

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