M&A: Bannix Acquisition Corp.

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000173112225000009

Comments: On January 3, 2025, Bannix Acquisition Corp. filed a Form 8-K to report that on December 26, 2024, it entered into several agreements to defer transaction costs and obligations related to its proposed business combination with VisionWave Technologies Inc. The total deferred costs amount to approximately $2,950,000. The deferments include approximately $300,000 for legal and financial advisory service fees, payable within three months post-closing. Additionally, a promissory note held by Evie Autonomous Ltd. for $1,003,995 is deferred for four months after closing. An aggregate of $1,346,643 owed to the Sponsor and its affiliates is also deferred, with a due date of December 12, 2025. The deferments aim to provide financial flexibility for the completion of the business combination while ensuring obligations are met within agreed timeframes.

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