AI .ANSWER FOR $GTCH.Yes, Bannix Acquisition Corp. (BNIX), a Special Purpose Acquisition Company (SPAC), completed a reverse merger with VisionWave Technologies, Inc., according to MarketScreener.
Key Information:
Completion Date: The acquisition was completed on June 13, 2025.
Transaction Structure: It was a reverse merger transaction where VisionWave Technologies acquired Bannix Acquisition Corp.
Post-Merger Ticker Symbols: After the merger, VisionWave Technologies will trade on NASDAQ under the symbols:
VWAV: Common stock.
VWAVW: Warrants.
GBT Technologies (GTCH): GBT Technologies has a stake in VisionWave Technologies.
Prior to the merger, GBT Tokenize Corp., a subsidiary of GBT Technologies, entered into a patent purchase agreement with VisionWave Technologies, where VisionWave agreed to acquire certain patents and patent applications related to their imaging technology for a purchase price of $30,000,000 in shares of common stock.
The purchase price was subject to adjustment based on a third-party valuation.
After the merger, GBT and Tokenize's holdings in VisionWave Technologies will be exchanged for shares of VisionWave Holdings, representing approximately 20.47% of VisionWave Holdings post-closing.
In summary, the reverse merger between Bannix Acquisition Corp. and VisionWave Technologies has been completed, resulting in the combined company trading under the ticker symbols VWAV and VWAVW on Nasdaq. GBT Technologies retains a significant ownership stake in the newly formed VisionWave Holdings.
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whats happening with gtch shareholders stock
Here's a breakdown of what's happening with GBT Technologies (GTCH) shareholders' stock in the context of the Bannix/VisionWave merger:
GBT's Stake in VisionWave: GBT Technologies has a significant stake in VisionWave Technologies, which is the company that completed a reverse merger with Bannix.
Share Exchange: GBT's holdings in VisionWave were exchanged for shares in the newly formed VisionWave Holdings.
Ownership Percentage: GBT and its subsidiary, Tokenize, together represent approximately 20.47% ownership of VisionWave Holdings after the merger.
VisionWave Stock (VWAV): VisionWave Technologies (the post-merger company) is expected to trade on Nasdaq under the ticker symbols VWAV (common stock) and VWAVW (warrants).
Effect on GTCH Stock: While GBT now holds a significant stake in VisionWave Holdings, GTCH (GBT Technologies' stock) still exists and continues to trade under its current ticker symbol, GTCH.
This is distinct from the VisionWave Holdings shares that GBT received in the merger.
Current GTCH Performance: As of the end of the day on June 26, 2025, GTCH stock closed at $0.0001, according to StockInvest.us.
In essence, GTCH shareholders now have indirect exposure to VisionWave Holdings through GBT's ownership stake in the company, while still retaining their direct investment in GTCH stock.
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