Bannix Acquisition Merging with VisionWave | SPAC Feed

Bannix Acquisition announced in a regulatory filing that it has signed a merger agreement with VisionWave Technologies, which would receive 3 million shares of the SPAC’s stock. The deal has an implied equity valuation of about $33.5 million.

The target is a provider of cloud business management software.

The deal announcement comes a little over a week after Bannix said it terminated a merger agreement with EVIE Autonomous, a U.K.-based company. Bannix said it called off the deal because EVIE had failed to provide a loan to the SPAC as required by the merger agreement.

Bannix can extend its deadline as necessary on a mothly basis up to Sept. 14, which would mark the three-year anniversary of its ipo. Read more.

Source: Bannix Acquisition Merging with VisionWave

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• Source: https://spacfeed.com/bannix-acquisition-merging-with-visionwave