Bannix Acquisition Corp., a Special Purpose Acquisition Company (SPAC), announced an extension to complete its initial business combination until September 14, 2024. This decision follows a vote by Bannix stockholders on March 8, 2024, amending the company’s charter to allow for multiple one-month extensions. The extension is facilitated by Instant Fame LLC, the SPAC’s sponsor, which will contribute funds to the trust account as a loan under specified conditions. This marks the eighteenth extension granted since the initial deadline.
Finance, Investment,United States
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