Bannix Acquisition Corp. (BNIXU) Prices Upsized $60M IPO


Bannix Acquisition Corp. (BNIXU) Prices Upsized $60M IPO

Sep 10, 2021 IPOs by Marlena Haddad

Bannix Acquisition Corp. announced the pricing of its upsized $60 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “BNIXU” Friday, September 10.

The Company intends to combine with a B2B enterprise software target that provides services to the telecom, financial services, or retail sectors and utilizes advanced AI. Bannix Acquisition Corp. is led by Chairman and CEO Subash Menon, COO Sudeesh Yezhuvath, and CFO and Secretary Nicholos Hellyer.

Total SPAC deal count for 2021 year-to-date is now 428. This offering is expected to close on Tuesday, September 14.

I-Bankers Securities, Inc. served as the sole book-running manager on the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Rotenberg Meril Solomon Bertiger & Guttilla, P.C. serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.