Bannix Acquisition Corporation (BNIXR) News

Bannix and VisionWave Announce filing of a registration statement on Form S-4
Filing related to Proposed Business Combination

WILMINGTON, Del., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (“Bannix”) (NASDAQ: BNIX), a publicly traded special purpose acquisition company, and VisionWave Technologies, Inc. (“VisionWave”), a company specializes in the development, testing, and commercialization of advanced technologies for defense, surveillance, and homeland security applications., today announced that VisionWave Holdings, Inc., a wholly owned subsidiary of Bannix (“VisionWave Holdings”), filed with the U.S. Securities and Exchange Commission (“SEC”) of a registration statement on Form S-4 (the “Registration Statement”).

The Registration Statement contains a preliminary proxy statement/prospectus in connection with the proposed business combination between VisionWave and Bannix. While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about VisionWave, VisionWave Holdings, Bannix, and the proposed business combination.

CEO and Chairman of Bannix Douglas Davis, commented, “We are thrilled to reach this milestone with VisionWave as we continue the partnership. The potential of in the defense sector is immense, and this partnership positions the combined company for success. We are confident VisionWave is poised to be a leading player and are eager to continue on the path ahead.”

Transaction Overview

Under the terms of the merger agreement entered into by Bannix and VisionWave, among others, with respect to the proposed business combination, Bannix and VisionWave will merge with subsidiaries of VisionWave Holdings, a wholly owned subsidiary of Bannix that was formed for the proposed transaction (the “Merger”), with Bannix and VisionWave becoming direct wholly owned subsidiaries of VisionWave Holdings. At the effective time of the Merger, stockholders of Bannix and VisionWave immediately prior to the effective time of the Merger will receive shares of VisionWave Holdings common stock.

About Bannix Acquisition Corp.

Bannix Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

About VisionWave Technologies Inc.

VisionWave Technologies Inc. is at the forefront of revolutionizing defense capabilities by integrating advanced artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains. Its state-of-the-art innovations— ranging from high-resolution radars and advanced vision systems to radio frequency (RF) sensing technologies are seeking to redefine operational efficiency and precision for military and homeland security applications worldwide. From tactical ground vehicles to precision weapon control systems, VisionWave leads the development of reliable, high-performance technologies that transform defense strategies and deliver superior results, even in the most challenging environments. With headquarters in the U.S. and strategic partnerships in Canada and the United Arab Emigrants, VisionWave is uniquely positioned to serve global markets, offering cutting-edge defense solutions that address the evolving needs of security forces across the world.

https://www.otcmarkets.com/stock/BNIX/news/story?e&id=3117159

BNIX 1/14/25 ANY DEAL UPDATE OUT THERE or another month ? no new 8k

Mr. Klinger was the Chief Financial Officer and Head of Corporate Development of Gopher Protocol Inc., an OTCQB company

new cfo https://www.otcmarkets.com/filing/html?id=17443306&guid=O_Q-kF378EKfJth

and now under gtch ticker - https://finance.yahoo.com/news/bannix-gbt-partner-bring-revolutionary-140300779.html

https://www.otcmarkets.com/stock/BNIX/news/story?e&id=2809350

https://www.otcmarkets.com/filing/html?id=17400222&guid=Yad-kacHN5wfJth

The BNIX deal with GTCH is delayed again. How hard could it be to consummate? Doesn't bode well for either company. Unknowns for SHs exist and are very much in play here. Two more months and the deal falls through?

I am beginning to question the success rate for GTCH AI/Patent functional ability. Can the patent IT function as advertised?
Proving performance is key.

The UK Government approved Bannix/Evie transaction which is another milestone on GBT's way to meeting $42.5 million - https://www.otcmarkets.com/filing/html?id=16921657&guid=MOg-kqt7kD7fJth

The Apollo IP system, which consists of four (4) granted patents and one (1) pending, is a revolutionary radio frequency-based computer vision technology that, upon full development, can provide autonomous vehicles with superior perception and mapping capabilities in all lighting conditions and weather. The Apollo IP system uses radio waves to transmit and receive data from objects in the environment. This data is then processed by advanced artificial intelligence algorithms to create a 3D image of the surrounding area. The Apollo IP system is able to detect objects at longer distances and with greater accuracy than traditional optical sensors, cameras and LiDAR. It is also not affected by lighting conditions or weather, making it ideal for autonomous vehicles that operate in a variety of environments. It may enable to provide customers with the most advanced autonomous vehicle perception technology available.

Bannix on its business combination with Evie, reveal: These are both cars that Steve Lake, Owner of https://evieautonomous.com worked on: https://www.lotuscars.com/en-GB/evija and https://www.arielmotor.co.uk/hipercar-is-go/ - Those are not small potato. These people on top of it. Success almost guaranty.

New here.
Anyone have a 12 month bird’s eye for this company

No problem Max!

Hi Rip,

Thanks for two posting of your conversations with GTCH’ CEO on GTCH’ s board.

It could be worth more, they are still in negotiations MOJO.

$GTCH

BNIX taking "Apollo" tech from GTCH for 42 million in share value is a huge deal.

Welcome to the BNIX board!