Bannix Acquisition (BNIX) - 2024 Q1 - Quarterly Report
Following the closing of the IPO on September 14, 2021, an amount of 10.10 per Unit) from the net proceeds of the sale of the Units in the IPO and Private Placement Units was placed in a trust account (the "Trust Account") and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule ...