Bannix Acquisition

General Information
Business:

We intend to focus our search on businesses in the customer engagement sector of telecommunications, retail and financial services. 

Subash Menon, our CEO and chairman of the board, is also the CEO and co-founder of Pelatro (LON: PTRO), a Customer Engagement enterprise software company listed on the Alternative Investment Market (“AIM”) and the London Stock Exchange (“LSE”). Having founded Pelatro in 2013, Mr. Menon has propelled the growth of the company to its current stage, with approximately 200 employees across five offices and an enterprise customer base of 21 companies across 17 countries. Mr. Menon guided Pelatro through a successful initial public offering (“IPO”) on the LSE in 2017.

(Note: Bannix Acquisition Corp. upsized its micro-cap SPAC IPO at pricing on Sept. 9, 2021, by pricing 6 million units, up from 5 million in its prospectus, at $10 each to raise $60 million. In an S-1/A filing dated July 16, 2021, Bannix Acquisition Corp. cut the size of its SPAC IPO in half to 5 million units, down from 10 million, at $10 each to raise $50 million. The SPAC filed to go public in February 2021.)

Industry: BLANK CHECKS
Employees: 0
Founded: 2021
Contact Information
Address 300 Tice Boulevard; Suite 315 Woodcliff Lake, New Jersey 07677
Phone Number (201) 712-9800
Web Address
View Prospectus: Bannix Acquisition
Financial Information
Market Cap $78.65mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol BNIXU
Exchange NASDAQ
Shares (millions): 6.0
Price range $10.00 - $10.00
Est. $ Volume $60.0 mil
Manager / Joint Managers I-Bankers Securities, Inc.
CO-Managers -
Expected To Trade: 9/10/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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