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Friday, April 28, 2023 12:23:55 AM
GTCH: PIPE Investors Entering The EVIE/BNIX/GTCH Deal: (Time To Follow The Money, If outside investors coming in then we should also):
"The parties’ letter agreement notes that Bannix would seek to bring in a $20 million PIPE in a scenario of near 100% redemptions. The LOI may have indeed been announced at this stage as a means of attracting more potential PIPE investors into the due diligence process."
https://www.spacinsider.com/news/nick-clayton/bannix-bnix-signs-543m-loi-with-evie
WHAT ARE PIPE INVESTORS:
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"The parties’ letter agreement notes that Bannix would seek to bring in a $20 million PIPE in a scenario of near 100% redemptions. The LOI may have indeed been announced at this stage as a means of attracting more potential PIPE investors into the due diligence process."
https://www.spacinsider.com/news/nick-clayton/bannix-bnix-signs-543m-loi-with-evie
WHAT ARE PIPE INVESTORS:
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