# EDGAR Filing Document

**Accession Number:** 0001845942
**File Stem:** 0001731122-23-000344
**Filing Date:** 2023-3
**Character Count:** 18424
**Document Hash:** 05df19a1fcdea96cb2685b451c903cff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001731122-23-000344.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001731122-23-000344

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20230308

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bannix Acquisition Corp.
- **CENTRAL INDEX KEY:** 0001845942
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40790
- **FILM NUMBER:** 23724122

**BUSINESS ADDRESS:**
- **STREET 1:** 300 TICE BLVD
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07677
- **BUSINESS PHONE:** 2017129800

**MAIL ADDRESS:**
- **STREET 1:** 300 TICE BLVD
- **CITY:** WOODCLIFF LAKE
- **STATE:** NJ
- **ZIP:** 07677

?xml version="1.0" encoding="utf-8"?

**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 8, 2023

**<u>Bannix Acquisition Corp.</u>**

(Exact Name of Registrant as Specified in its Charter)

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

---

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| | |
|:---|:---|
| **8265 West Sunset Blvd., Suite # 107<br> West Hollywood, CA** | **90046** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(323) 682-8949**

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:

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| | | |
|:---|:---|:---|
| **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. ☐

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| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.** |

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The information disclosed in Item 5.07 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01 to the extent required herein. As approved by its stockholders at the special meeting (defined below), on March 8, 2023, Bannix Acquisition Corp. (the "Company") and Continental Stock Transfer & Trust Company (the "Trustee") entered into an amendment, dated March 8, 2023 (the "Trust Amendment") to the Investment Management Trust Agreement, dated as of September 14, 2021, by and between the Company and the Trustee. A copy of the Trust Amendment is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 5.03.** | **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.** |

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The information disclosed in Item 5.07 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03 to the extent required herein. As approved by its stockholders at the Special Meeting of Stockholders of the Company held on March 8, 2023 at 12:00 p.m. Eastern Time (the "Special Meeting"), the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on March 9, 2023 (the "Extension Amendment"), to extend the date (the "Extension") by which the Company must (1) complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination involving the Company and one or more businesses (an "initial business combination"), (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem 100% of the Company's common stock ("common stock") included as part of the units sold in the Company's initial public offering that was consummated on September 14, 2021 (the "IPO"), from March 14, 2023, and to allow the Company, without another stockholder vote, to further extend the date to consummate a business combination on a monthly basis up to twelve (12) times by an additional one (1) month each time after March 14, 2023 or later extended deadline date, by resolution of the Company's board of directors (the "Board"), if requested by Instant Fame, LLC, a Nevada limited liability company ("Sponsor"), upon five days' advance notice prior to the applicable deadline date, until March 14, 2024, or a total of up to twelve (12) months after March 14, 2023 (such date as extended, the "Deadline Date"), unless the closing of a business combination shall have occurred prior thereto. The Certificate of Amendment to the Amended and Restated Certificate of Incorporation is filed as Exhibit 3.1 hereto and is incorporated herein by reference. In the event the Sponsor requests to extend the period of time to consummate a business combination by an additional three months (to June 14, 2023) subject to the Sponsor depositing $690,000 in additional funds into the trust account as set forth in our charter (the "Automatic Extension"), then the Deadline Date will be extended up to June 14, 2024. The Sponsor has advised that it does not intend to request the Automatic Extension.

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| | |
|:---|:---|
| **Item 5.07.** | **Submission of Matters to a Vote of Security Holders.** |

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On March 8, 2023, the Company held the Special Meeting. On February 22, 2023, the record date for the Special Meeting, there were 9,424,000 shares of common stock of the Company entitled to be voted at the Special Meeting. At the Special Meeting, 7,162,429 shares of common stock of the Company or 76.00 % of the shares entitled to vote at the Special Meeting were represented in person or by proxy. Stockholders voted on the Extension Amendment and on the Trust Amendment.

The results of voting on the above two agenda items voted on at the Special Meeting were as follows:

**1. Charter Amendment**

Stockholders approved the Extension Amendment. The voting results were as follows:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FOR** | **FOR** | **AGAINST** | **AGAINST** | **ABSTAIN** | **ABSTAIN** |
|  | 6327619 |  | 830860 |  | 3950 |

---

**2. Trust Amendment**

Stockholders approved the Trust Amendment. The voting results were as follows:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FOR** | **FOR** | **AGAINST** | **AGAINST** | **ABSTAIN** | **ABSTAIN** |
|  | 6320087 |  | 838392 |  | 3950 |

---

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| | |
|:---|:---|
| **Item 8.01.** | **Other Events.** |

---

In connection with the vote on the Extension Amendment at the Special Meeting, stockholders holding a total of 3,960,387 shares of the Company's common stock exercised their right to redeem such shares for a pro rata portion of the funds in the Company's trust account. As a result, approximately $41,077,189.13 (approximately $10.37201 per share) will be removed from the Company's trust account to pay such holders. Following redemptions, the Company will have 5,463,613 shares outstanding.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

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(d) Exhibits. The following exhibits are filed with this Form 8-K:

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 3.1 | [First Amendment to the Amended and Restated Certificate of Incorporation dated March 9, 2023](e4485_ex3-1.htm) |
| 10.1 | [Amendment to Investment Management Trust Agreement](e4485_ex10-1.htm) |
| 104 | Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL) |

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**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.

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| | |
|:---|:---|
| Dated: March 10, 2023 | Dated: March 10, 2023 |
| BANNIX ACQUISITION CORP. | BANNIX ACQUISITION CORP. |
| By: | /s/ Douglas Davis |
| Name: | Douglas Davis |
| Title: | Chief Executive Officer |

---

## Exhibit 3.1

**EXHIBIT 3.1**

![](img_001.jpg)

![](img_002.jpg)

## Exhibit 10.1

**EXHIBIT 10.1**

**AMENDMENT NO. 1 TO INVESTMENT**

**MANAGEMENT TRUST AGREEMENT**

THIS AMENDMENT NO. 1 TO THE INVESTMENT MANAGEMENT TRUST AGREEMENT (this "***Amendment***") is made as of March 8, 2023, by and between Bannix Acquisition Corp., a Delaware corporation (the "***Company***"), and Continental Stock Transfer & Trust Company, a New York corporation (the "***Trustee***"). Capitalized terms contained in this Amendment, but not specifically defined in this Amendment, shall have the meanings ascribed to such terms in the Original Agreement (as defined below).

WHEREAS, on September 14, 2021, the Company consummated an initial public offering (the "***Offering***") of units of the Company, each of which is composed of one share of the Company's common stock, par value $0.01 per share ("***Common Stock***"), and one redeemable warrant, each warrant entitling the holder thereof to purchase one share of Common Stock and one right to purchaser;

WHEREAS, $69,690,000 of the gross proceeds of the Offering and sale of the Unit Private Placement (as defined in the Underwriting Agreement) were delivered to the Trustee to be deposited and held in the segregated Trust Account located in the United States for the benefit of the Company and the holders of the shares of Common Stock included in the Units issued in the Offering pursuant to the investment management trust agreement made effective as of September 10, 2021, by and between the Company and the Trustee (the "***Original Agreement***");

WHEREAS, the Company has sought the approval of the holders of its shares of Common Stock, at a special meeting to: give the Company the right to extend the date (the "***Termination Date***") by which the Company must consummate a business combination (as defined below) (the "***Extension***") from March 14, 2023 (the date that is 18 months from the closing date of the Company's initial public offering of units (the "***IPO***")) to March 14, 2024 (the date that is 30 months from the closing date of the IPO) or, in the event the Automatic Extension has been implemented to June 14, 2024 (the date that is 33 months from the closing date of the IPO) (the "***Extended Date***") by allowing the Company, without another stockholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis up to twelve times by an additional one month each time after the Extended Date, by resolution of the Company's board of directors (the "***Board***"), if requested by Instant Fame LLC, a Nevada limited liability company (the "***Sponsor***"), and upon five days' advance notice prior to the applicable Termination Date, until March 14, 2024 or June 14, 2024 in the event the Automatic Extension has been implemented (each, an "***Additional Charter Extension Date***") or a total of up to fifteen months after the original Termination Date (or eighteen months after the original Terminate Date assuming the Automatic Extension is implemented), unless the closing of a Business Combination shall have occurred prior thereto (the "***Trust Amendment***");

WHEREAS, holders of at least sixty-five percent (65%) of the then issued and outstanding shares of Common Stock, approved the Extension Amendment and the Trust Amendment; and

WHEREAS, the parties desire to amend the Original Agreement to, among other things, reflect amendments to the Original Agreement contemplated by the Trust Amendment.

NOW, THEREFORE, in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. *Amendment to Trust Agreement.* Section 1(i) of the Original Agreement is hereby amended and restated in its entirety as follows:

"Commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the terms of a letter from the Company ("***Termination Letter***") in a form substantially similar to that attached hereto as either <u>Exhibit A</u> or <u>Exhibit B</u>, as applicable, signed on behalf of the Company by its Chief Executive Officer, Chief Financial Officer, Secretary or Chair of the Board of Directors of the Company (the "***Board***") or other authorized officer of the Company, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest earned on the invested funds held in the Trust Account (net of taxes payable and less up to $100,000 of interest that may be released to the Company to pay dissolution expenses), only as directed in the Termination Letter and the other documents referred to therein, or a one-month extension period, which the Company may extend, by resolution of the Board and without approval of the Company's stockholders, up to twelve times, each by one additional month (for a total of up to twelve additional months), provided that, for each such extension month, the Company must deposit into the Trust Account an amount equal to the lesser of (A) $75,000 or (B) $0.07 for each public share that is not redeemed in accordance with Section 9.2(b) of the Company's second amended and restated certificate of incorporation, as it may be amended from time to time, if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as <u>Exhibit B</u> and the Property in the Trust Account, including interest earned on the investment funds held in the Trust Account (net of taxable payable and less up to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed to the Stockholders of record as of such date. It is acknowledged and agreed that there should be no reduction in the principal amount per share initially deposited in the Trust Account;"

2. *Miscellaneous Provisions.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. *Successors.* All the covenants and provisions of this Amendment by or for the benefit of the Company or the Trustee shall bind and inure to the benefit of their permitted respective successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. *Severability.* This Amendment shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Amendment or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Amendment a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. *Applicable Law.* This Amendment shall be governed by and construed and enforced in accordance with the laws of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. *Counterparts.* This Amendment may be executed in several original or facsimile counterparts, each of which shall constitute an original, and together shall constitute but one instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. *Effect of Headings.* The section headings herein are for convenience only and are not part of this Amendment and shall not affect the interpretation thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6. *Entire Agreement.* The Original Agreement, as modified by this Amendment, constitutes the entire understanding of the parties and supersedes all prior agreements, understandings, arrangements, promises and commitments, whether written or oral, express or implied, relating to the subject matter hereof, and all such prior agreements, understandings, arrangements, promises and commitments are hereby canceled and terminated.

*[Signature page follows]*

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

**Continental Stock Transfer & Trust Company, as Trustee**

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| |
|:---|
| By: /s/ Francis Wolf |
| Name: Francis Wolf |
| Title: Vice President |

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| |
|:---|
| **Bannix Acquisition Corp.** |
| By: /s/ Douglas Davis |
| Name: Douglas Davis |
| Title: CEO |

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*[Signature Page to Amendment No. 1 to Investment Management Trust Agreement]*