BNIX SEC filings, in plain English
Everything Bannix Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 5 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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- What changed vs 2024-11-14trust $3.7M → $1.1M -69%deadline 2025-09-14 → 2025-06-14
trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $3.7M$1.1M
- Combination deadline
- 2025-09-142025-06-14
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 325Knot matched in this filing
SpacBrain reads this as $2,515,958 left the trust between the two filings.
The clause “4 Prepaid expense and other 3,930 3,930 Total Current Assets 23,119 13,684 Cash held in Trust Account 1,147,694 3,749,377 Total Assets $ 1,170,813 $ 3,763,061 Liabilities, Redeemable Common Stock and Stockholders’ Deficit Current”…
SpacBrain reads this as 92 days earlier than the previous record.
The clause …“other fees and expenses of the Company. If we have not completed our initial business combination by June 14, 2025, as extended, we will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raise substantial doubt about our ability to continue as a going concern. As a cure for the Company’s going concern assessment, the Company has entered into a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Bannix Acquisition Corp. (Delaware) filed Amendment No. 4 to its Form S-4; the preliminary document inside is dated April 18, 2025 and is the proxy statement of VisionWave Holdings, Inc. No explanatory note names the change. It registers 14,354,266 shares of common stock, 7,306,000 warrants to purchase 7,306,000 shares, and 730,600 shares of common stock issuable upon conversion of rights — all of VisionWave Holdings, Inc. The operative Merger Agreement and Plan of Reorganization is dated September 6, 2024. Why it matters: This is a holding-company reorganisation in which the SPAC becomes a subsidiary of its own former subsidiary, and the security-by-security treatment is spelled out: everything rolls over one-for-one into an equivalent VisionWave security except the rights, which are converted into shares at the effective time rather than surviving as rights. The registered lines quantify that — 14,354,266 shares, 7,306,000 warrants, and 730,600 shares from the rights conversion, the last implying a ten-to-one rights ratio. Warrants outstanding after closing therefore remain an overhang while the rights do not.
What changed: Bannix Acquisition Corp. (Delaware) filed Amendment No. 3 to its Form S-4; the preliminary document inside is dated April 7, 2025 and is the proxy statement of VisionWave Holdings, Inc. No explanatory note names the change. It registers 14,354,266 shares of common stock, 7,306,000 warrants to purchase 7,306,000 shares, and 730,600 shares issuable upon conversion of rights — all of VisionWave Holdings, Inc. The Merger Agreement and Plan of Reorganization dated September 6, 2024 also names BNIX VW Merger Sub, Inc. and VisionWave Technologies, Inc. Why it matters: The registered amounts here match the later amendment exactly — 14,354,266 shares, 7,306,000 warrants and 730,600 rights-conversion shares — so the dilution ceiling was already fixed at this stage. The 730,600 figure against 7,306,000 warrants indicates rights converting at one tenth of a share. No vote date appears in this portion.
What changed: Bannix Acquisition Corp. (Delaware) filed Amendment No. 2 to its Form S-4; the preliminary document inside is dated March 21, 2025 and is the proxy statement of VisionWave Holdings, Inc. No explanatory note names the change. It registers 14,354,266 shares of common stock, 7,306,000 warrants to purchase 7,306,000 shares, and 730,600 shares issuable upon conversion of rights — all of VisionWave Holdings, Inc. Under the September 6, 2024 agreement, BNIX Merger Sub, Inc. merges into Bannix, with Bannix continuing as the surviving entity. Why it matters: The registered lines are 14,354,266 shares, 7,306,000 warrants and 730,600 rights-conversion shares — the last figure being one tenth of the warrant count, consistent with rights converting at one tenth of a share. Those three caps together are the dilution ceiling. The structure makes Bannix a subsidiary of VisionWave rather than the surviving parent. No vote date appears in this portion.
What changed: Bannix Acquisition Corp. (Delaware) filed Amendment No. 1 to its Form S-4; the preliminary document inside is dated February 27, 2025 and is the proxy statement of VisionWave Holdings, Inc. No explanatory note names the change. It registers 14,579,348 SHARES of common stock, 7,306,000 warrants to purchase 7,306,000 shares, and 730,600 shares of common stock issuable upon conversion of rights — all of VisionWave Holdings, Inc. The Merger Agreement and Plan of Reorganization dated September 6, 2024 adds BNIX Merger Sub, Inc., BNIX VW Merger Sub, Inc. and VisionWave Technologies, Inc. Why it matters: The registered common-stock figure in this version is 14,579,348 shares, while the warrant and rights lines are 7,306,000 and 730,600. The share figure is version-specific and moves between amendments of this registration statement, so it should be quoted against this filing rather than treated as the deal's fixed size. No vote date appears in this portion.
What changed: Bannix Acquisition Corp. called a special meeting for March 7, 2025 at 10:00 a.m. Eastern Time, virtual, to extend the Termination Date from March 14, 2025, the date 42 months after the IPO closing. A Trust Amendment Proposal would let the Board extend up to three further times, one month each, without stockholder approval, by depositing the lesser of $25,000 or $0.05 per unredeemed share. Under the March 26, 2024 VisionWave Technologies agreement Bannix would have issued 3,000,000 shares; under the restructured Merger VisionWave issues 11,000,000 shares to the Target Shareholders. Why it matters: A SPAC 42 months past its IPO is far beyond the normal 18-to-24 month life, and the extension deposit is capped at the lesser of $25,000 or $0.05 per share — so the per-share trust barely moves while the sponsor buys three more months. The consideration also grew from 3,000,000 Bannix shares to 11,000,000 VisionWave shares, meaning public holders who stay are diluted several times over versus the original terms. Redemption preserves the trust value.
What changed vs 2024-08-16deadline 2025-03-14 → 2025-06-14combination deadline1 moved
- Combination deadline
- 2025-03-142025-06-14
SpacBrain reads this as 92 days later than the previous record.
The clause …“Combination. While we are currently working on finalizing the terms of the Business Combination, the Board currently believes that there will not be sufficient time before June 14, 2025 to complete the Business Combination.”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-05-31trust $32.1M → $3.7M -88%deadline 2024-09-14 → 2025-03-31shares 2.94M → 325K -89%
trust account, combination deadline, redeemable shares +23 moved · 2 with no prior record of ours
- Trust account
- $32.1M$3.7M
- Combination deadline
- 2024-09-142025-03-31
- Redeemable shares
- 2.94M325K
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus our search on businesses in the customer … · unchanged
SpacBrain reads this as $28,366,722 left the trust between the two filings.
The clause …“note – Instant Fame. As of December 31, 2024, we had cash and investments held in the Trust Account of $3,749,377 consisting of demand deposit accounts. Interest income on the balance in the Trust Account may be used by us to pay”…
SpacBrain reads this as 198 days later than the previous record.
The clause …“certain specified time periods, (iii) by either Bannix or Target if the Business Combination is not consummated by March 31, 2025 (which date may be extended by mutual agreement of the parties to the Merger Agreement), (iv) by”…
SpacBrain reads this as 2,614,865 shares are no longer redeemable.
The clause …“respectively, and 2,524,000 shares of Common Stock outstanding, excluding 324,748 and 2,939,613 shares subject to possible redemption, respectively. Each share of Common Stock entitles the holder to one vote. Treasury Stock — On”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” ● Our public stockholders may not be afforded an opportunity to vote on our proposed”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-08-01trust $17.4M → $3.7M -79%deadline 2024-09-14 → 2025-09-14shares 1.56M → 325K -79%
trust account, combination deadline, redeemable shares +13 moved · 1 with no prior record of ours
- Trust account
- $17.4M$3.7M
- Combination deadline
- 2024-09-142025-09-14
- Redeemable shares
- 1.56M325K
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $13,712,191 left the trust between the two filings.
The clause “Prepaid expense and other 4,107 5,251 Total Current Assets 275,940 237,529 Cash held in Trust Account 3,663,652 32,116,099 Total Assets $ 3,939,592 $ 32,353,628 Liabilities, Redeemable Common Stock and Stockholders’ Deficit Current”…
SpacBrain reads this as 365 days later than the previous record.
The clause …“Deadline Date to November 14, 2024. Initial Business Combination The Company has until September 14, 2025 (unless extended) to (1) complete a Business Combination, (2) cease its operations except for the purpose of winding up if it”…
SpacBrain reads this as 1,232,999 shares are no longer redeemable.
The clause …“respectively, and 2,524,000 shares of common stock outstanding, excluding 324,748 and 2,939,613 shares subject to possible redemption, respectively. Each share of Common Stock entitles the holder to one vote. 27 Treasury Stock — On”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raise substantial doubt about our ability to continue as a going concern. As a cure for the Company’s going concern assessment, the Company has entered into a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.