Bannix Acquisition Corp. Announces Entering Into A Business Combination Agreement With Evie Autonomous Group Ltd.
Portfolio Pulse from Happy Mohamed
Bannix Acquisition Corp. (NASDAQ:BNIX) has announced a definitive agreement to acquire Evie Autonomous Group Ltd, a private company based in England and Wales. The acquisition will be conducted through an exchange of 85,000,000 shares of Bannix's common stock, resulting in Evie Autonomous becoming a wholly owned subsidiary of Bannix. The deal is subject to approval from Bannix's shareholders and other customary conditions.
June 30, 2023 | 12:05 pm
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Bannix Acquisition Corp. is set to acquire Evie Autonomous Group Ltd, which could strengthen its position in the commercial autonomous technology industry and potentially accelerate its growth trajectory.
The acquisition of Evie Autonomous Group Ltd by Bannix Acquisition Corp. could potentially strengthen Bannix's position in the commercial autonomous technology industry. This could lead to an acceleration in its growth trajectory, which could positively impact its stock price in the short term.
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