Bannix Acquisition Corp: Key Insights from 8-K Filing on Stock & Warrants

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

1. Entity Identification:

• Entity Name: Bannix Acquisition Corp.
• SEC CIK Code: 0001845942
• Address: 300 Delaware Ave. Suite 210 #30, Wilmington, DE 19801
• Phone Number: (302) 305-4790

2. Report Type and Date:

• Form Type: 8-K
• Filing Date: February 12, 2025

3. Stock Information:

• Common Stock Par Value: $0.01 per share
• Ticker Symbol for Common Stock: BNIX, listed on NASDAQ
  

4. Warrants Information:

• Redeemable Warrants: Each whole warrant is exercisable for one share of Common Stock at an exercise price of $11.50.
• Ticker Symbol for Warrants: BNIXW, listed on NASDAQ

5. Additional Rights:

• One Right to Receive: 1/10th of one share of common stock.
• Ticker Symbol for Rights: BNIXR, listed on NASDAQ

6. Contextual Information:

• The reporting period is specified as February 12, 2025, which indicates this filing captures relevant financial data or corporate events as of this date.

7. Units of Measurement:

• The financial figures are reported in USD and Shares.

Insights:

• The filing indicates that Bannix Acquisition Corp. is actively managing multiple financial instruments, including common stock and redeemable warrants, which could suggest a strategy to raise capital or provide liquidity to investors.
• The presence of warrants and rights indicates potential additional revenue streams and the company's efforts to enhance shareholder value.
• The information, particularly regarding the exercise price of the warrants, may be of interest to investors evaluating the potential for future stock price appreciation.

Overall, this filing reflects important corporate structure and financial instruments that could impact investor decisions and the company’s capital structure moving forward.