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    Bannix Acquisition Corp. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

    3/14/25 4:30:32 PM ET
    $BNIX
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    Get the next $BNIX alert in real time by email
    false 0001845942 0001845942 2025-03-13 2025-03-13 0001845942 BNIX:CommonStockParValue0.01PerShareMember 2025-03-13 2025-03-13 0001845942 BNIX:RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfCommonStockAtExercisePriceOf11.50Member 2025-03-13 2025-03-13 0001845942 BNIX:OneRightToReceive110thOfOneShareOfCommonStockMember 2025-03-13 2025-03-13 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    Form 8-K

     

    Current Report
    Pursuant to Section 13 or 15(d) of the
    Securities Exchange Act of 1934

     

    Date of Report (Date of earliest event reported): March 13, 2025

     

    Bannix Acquisition Corp.

     (Exact Name of Registrant as Specified in its Charter)

     

    Delaware   1-40790   86-1626016
    (State or other jurisdiction
    of incorporation) 
      (Commission File Number)    (I.R.S. Employer
    Identification No.) 

     

    300 Delaware Ave., Suite 210 # 301
    Wilmington, DE.
      19801
    (Address of Principal Executive Offices)    (Zip Code) 

     

    Registrant’s telephone number, including area code: (302) 305-4790

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐ Written communications pursuant to Rule 425 under the Securities Act
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading Symbol   Name of each exchange on which registered
    Common Stock, par value $0.01 per share   BNIX   The Nasdaq Stock Market LLC
    Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50   BNIXW   The Nasdaq Stock Market LLC
    One Right to receive 1/10th of one share of Common Stock   BNIXR   The Nasdaq Stock Market LLC

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

     

    Emerging growth company ☒

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

    Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

     

    On March 13, 2025, Bannix Acquisition Corp. (the “Company”) received a letter from the Nasdaq Hearings Panel notifying the Company that it will be suspended from trading on The Nasdaq Capital Market (“Nasdaq”) due to the Company’s inability to satisfy the terms outlined in the Nasdaq Hearings Panel’s December 2, 2024 decision. As a result, it is expected that trading in the Company’s securities will move to the OTCQB Venture Market at the open of trading on March 17, 2025, under the current trading symbols of BNIX, BNIXR and BNIXW.

     

    The Company intends to provide further updates as appropriate

     

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    Dated: March 14, 2025  
       
    BANNIX ACQUISITION CORP.  
       
    By: /s/ Douglas Davis   
    Name:  Douglas Davis  
    Title: Chief Executive Officer  

     

     

     

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