GBT Technologies Inc (GTCH): Bannix Acquisition Corp. (BNIX) Signs $5...

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Thursday, 05/18/2023 10:16:47 AM

Thursday, May 18, 2023 10:16:47 AM

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.

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Recent GTCH News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:06:02 PM
Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/14/2024 08:10:05 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:32:06 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:16:00 PM
Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 09:07:06 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 09:07:18 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 09:06:41 PM
Form 8-K - Current report • Edgar (US Regulatory) • 10/17/2023 08:06:01 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2023 10:04:19 AM
Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 08/23/2023 10:01:08 AM
Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2023 12:00:57 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/17/2023 10:15:52 AM
Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2023 11:19:14 AM
Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2023 08:05:43 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/11/2023 08:05:52 PM
Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 07/28/2023 08:05:37 PM
Form 8-K - Current report • Edgar (US Regulatory) • 07/21/2023 08:05:43 PM

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