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Bannix Acquisition Corp: January 2025 8-K Financial Report Unveiled

$BNIX
Form 8-K
Filed on: 2025-01-03
Source
Bannix Acquisition Corp: January 2025 8-K Financial Report Unveiled

Based on the provided section of the financial report, here are the key insights and important information extracted:

  1. Entity Information:
  • Company Name: Bannix Acquisition Corp.
  • CIK: 0001845942
  • Address: 300 Delaware Ave. Suite 210 # 30, Wilmington, DE 19801
  • Phone Number: (302) 305-4790
  • SEC Filing Type: 8-K
  • Filing Date: January 3, 2025
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.01 per share.
    • Ticker Symbol: BNIX (listed on NASDAQ).
  • Redeemable Warrants:
    • Description: Each whole warrant is exercisable for one share of Common Stock at an exercise price of $11.50.
    • Ticker Symbol: BNIXW (listed on NASDAQ).
  • Rights:
    • Description: One right to receive 1/10th of one share of Common Stock.
    • Ticker Symbol: BNIXR (listed on NASDAQ).
  1. Filing Context:
  • Reporting Period: The report pertains to a specific date, January 3, 2025, indicating that this is a snapshot of the company's financial situation on that date.
  • Stock Classifications: The report includes classifications for common stock, redeemable warrants, and rights, each identified with explicit members.
  1. Units of Measure:
  • Currency: All financial amounts are expressed in USD.
  • Shares: The report references shares as a unit of measure, indicating the company's equity structure.
  1. General Observations:
  • The financial report is structured in an XBRL format, which is a standardized way to communicate financial information, ensuring that it can be easily processed and analyzed.
  • The company appears to be actively engaging in financial activities involving different classes of stock and securities, suggesting a complex capital structure that investors should consider.

This summary provides a concise overview of the relevant details from the financial report, highlighting key aspects that stakeholders might be interested in analyzing further.