Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nope
This is already bottomed without the deal news
12 approved patents are worth multi million dollars now
How about semiconductor patent with Samsung
Give a break
If the merger news announced on Monday premkt
MM are in big trouble
It will be super funny to see them scared
$42 million deal closing anytime
Just sit back and relax
The biggest Nasdaq merger deal is on the way
No matter how they manipulate Pps now
Time is on our side
Super duper $42 mil deal closing next week
Mm know big deal is closing
No way they let it stay low here
I know their trading pattern
Look at huge buying now
Amateur traders always lose
Good luck
This is heavenly gift for easy 100% profit next week
Watch it closing green today
$42 mil could be signed this weekend and big news next Monday
I have seen it before
Hahaha
No way Jose
I feel good with cheapies
waiting 1000% profit next week
I have no worry at all
I will be a millionaire this year anyway
Good luck boy
I would say 5 trading days except 05/29 memorial holiday
My 0005 got filled
Thank you
See you at 005 next week
Looks like big news on the way soon
Patience always pay off huge
1000% profit this year
There is no other way but upward
These manipulators will be wiped out totally
Let them play
$42 mil deal is coming definitely
Trust me
Be patient and be strong
$42 mil deal closing next week
It does not matter this kind of silly manipulation
1000% explosion next Monday
Good luck
MM will start to cover starting today and next whole week
Hedge fund money will be pouring in upon merger closing hews
I have seen many 1000% in a day
This 42 mil deal is massive in otc history
GTCH will own 7% stake in Evie autonomous new Nasdaq company which will grow to multi billion dollars mktcap
I am super excited for next week
I expect to see 0007 closing today
only 5 trading days until to finalize $42 mil
Spac deal
Ridiculously $2 mil mktcap now
1000% explosion on the way
Good luck all
It does not matter now
The deal closing news will change everything
I am long here anyway
I accumulated enough shares
Just a waiting game now
5 more trading days or earlier
I am happy to buy at this cheap Pps
Good luck all
I hold a lot of shares here
I will be a millionaire this year
Super volcanic expkosion
I hope they sign the deal this weekend and announce the news next Monday or Tuesday
Shorts will be in Panic buying pressure
Kaboom explosion coming immediately
Come on MM
Break that 0005 before too late
Your time is doomed after today
Fools
MM can’t break 0005 though bcs they have no more shares to manipulate
Poor MM
Get ready for 1000% explosion next week
Hahaha
MM last manipulation today
They know big merger news closing next week
Let them play silly game
$42 mil merger closing next week
1000% super explosion imminent
Good luck all
Pps keep going up everyday
$100 is my target this year
Super volcanic explosion
Wow
It does not nattter 5 or 6 or 7 now
AA long as the deal close next week
Penny land coming
Be patient and strong
I would say the deal must close before May 30
This deal is almost done
Kabommmmmm next week
GTCH will be part of big Nasdaq IPO
Exciting week coming up
Last day for cheapies
Bannix Acquisition Signs Binding LOI to Complete $500M Merger with EVIE Autonomous Automotive
APRIL 21, 2023
1 MINUTE READ
Bannix Acquisition said today that it entered into a binding letter of intent to execute a definitive merger agreement with EVIE Autonomous Automotive. The target is a U.K.-based autonomous vehicle technology company acquired from Aim Technologies Group by British automotive entrepreneur Steven Lake.
The entire business combination transaction consideration will be paid with $500 million in Bannix securities by issuing 50 million new shares, according to an 8-K filed today. No cash consideration will be paid.
Under the LOI, EVIE is required to make a series of working capital payments totaling about $1.1 million to the SPAC as the deal moves forward.
Evie Autonomous makes driverless platforms with the goal of transforming logistics, public service and mass transit. The current Evie Pod has transported over 6.3 million people at London Heathrow Airport since 2010.
Concurrently with the EVIE Autonomous acquisition, Bannix said it will also acquire additional intellectual property owned by GBT Technologies for $42.5 million, according to the 8-K. GBT filed a patent application in 2021 for a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and moving objects.
Bannix raised $69 million in a September 2021 IPO, although the trust is now down to about $30.5 million following extension votes. Read more.
Bannix Acquisition Corp. (BNIX) Signs $543M LOI with EVIE Autonomous
by Nicholas Alan Clayton on 2023-04-21 at 9:47am
Bannix Acquisition Corp. (NASDAQ:BNIX) announced this morning that it has entered into a binding letter of intent to combine with autonomous vehicle company EVIE at a proposed enterprise value of $542.5 million.
Staffordshire, UK-based EVIE’s pod-shaped autonomous vehicles have transported about 6.3 million people at London’s Heathrow Airport and logged about 5.5 million kilometers (3.4 million miles) in commercial service.
The LOI sets up a period during which Bannix will engage in due diligence beginning May 2 along with payments by EVIE to the SPAC. If a definitive agreement is not finalized by May 30 then the payments will end and presumably the LOI will peter out.
0007 will be gobbled up by 1 whale today
Pps will explode in anticipation of the deal closing news
This is rock bottoms Pps now
I told you
https://rollout.autoura.com/vehicles/evie-autonomous
Evie autonomous will be the future of automotive industry
The new merger company will grow over billion dollars upon IPO
GTCH will hold 7% of total mktcap
This is the most massive deal in OTC history
Looking forward to 1000% explosion next week
If the definitive agreement is not signed until May 30
This deal is off the table as per binding LOI
Just 6 more trading days left excluding Memorial holiday
Good luck all
Once $42 mil deal is done
Game over
Everything about this small OTC company will be changed financially
Hedge fund will buy out this company
Hold strong until the the closing news
Good luck all
Today sell off was done by some flippers who bought at 0007 for buying other hot ticker
Some traders do not hold after the news
The biggest substantial $42 deal news is coming next week
Get ready for 1000% explosion upon premkt news anyday now
You bet
Ppl are not believing this deal is closing this month and waiting for the confirmation
$42 mil valuation will grow exponentially after IPO
GTCH will hold whopping 7% stake of EVIE autonomous merging company mktcap which will grow over billion dollars valuation
Patience will pay off more than a couple of Pennie’s here
$42 mil Nasdaq SOAC deal closing news will be a game changer for this company
Binding LOI confirms the deadline for the definitive agreement is by May 30
Just $2.8 mil mktcap now
One tick flippers will regret selling today
Nobody sell at 0006
$42 mil deal closing is imminent
Premkt news will surprise many amateur traders here
This massive deal do not happen to otc stock easily
Time is on our side now
The deal will be closed next week
What kind of fools sell now?
If you want go ahead
I am ready to buy 100 mil
No worry at all
300% explosion upon $42 mil merger closing news in a few days
Let them play funny game
This is a joke indeed
Just a matter of days here
I expect huge explosion upon $42 mil Nasdaq spac deal closing anyday until next week
FOMO will kick in here soon
There are no other otc stocks that can run 1000%-10000% like GTCH now
$42 mil deal closing will be a game changer and semiconductor chip deal will be more explosive
Do not worry
We have $42 mil Nasdaq merger deal closing in a few days here
They will pay higher premium
170 mil shares backing up
Be patient and strong
Manipulators want you to sell at 0007
They know $42 mil deal closing next week
Let them pay higher to get back in
Someone playing game here
They know what is coming here next week
Hold your precious shares strong
1000% explosion next week
Going as required by the timeline set in the binding Letter of intent which is by May 30
The definitive agreement will be signed next week most likely
I expect huge explosion over a penny upon the finalization news
Where did you get that info?
Read the below PR on 05/12
Further, on May 3rd and 4th, 2023, Bannix began its due diligence on EVIE Autonomous Automotive Ltd. (https://evieautonomous.com/) ("EVIE") as required by the timeline set in the binding Letter of Intent. Bannix' team, headed by CEO and co-Chairman Douglas Davis, met with the EVIE team headed by founder and CEO Steven Lake, in EVIE's headquarters in Stoke-on-Trent, UK, for a two-day session starting the due diligence process.
Both companies shared their preliminary due diligence information and put teams together to undertake completing the due diligence, definitive agreement, and proxy/prospectus steps necessary to de-SPAC and form a business combination. With a greater understanding of EVIE's corporate plans and its autonomous vehicle technology platform, including understanding how the motion detection technology (Apollo) to be acquired from GBT Technologies Inc. may enhance EVIE's solutions, both companies were excited to move forward toward the next phase, which is to enter into a definitive agreement.
Bannix' CEO Doug Davis and EVIE's founder Steven Lake gave the following mutual statement: "After two days of getting to know each other, and intense information exchange, both the Bannix and EVIE teams are excited to move forward together. On both a business combination execution level, and with the go-to-market knowledge of both teams, we feel that we have a winning combination to bring EVIE into the public markets and have the resources in striving for the goal to make a very successful business."
Steven Lake commented further: "EVIE was formed not only to bring the best autonomous vehicle technology to market affordably, but also with a commitment to provide environmental, social and quality-of-life improvements for all of mankind. We believe very seriously in these goals and are taking these steps to enhance the resources of the company to achieve them."
The Company expects to announce additional details regarding the proposed business combination when a definitive agreement is executed.