UNITED
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Item 8.01. Other Events
On May 25, 2025, VisionWave Holdings Inc. (“VisionWave”), a wholly owned subsidiary of Bannix Acquisition Corp. (the “Company”), entered into three deferment agreements with various creditors, including affiliated entities and former service providers. These agreements were executed in support of the Company’s ongoing efforts to satisfy the liquidity and alignment requirements necessary to complete a potential financing transaction. There is no guarantee that the Company or VisionWave will successfully complete the financing transaction.
Under the terms of the deferment agreements, VisionWave’s obligations totaling approximately $3,023,195, consisting of (i) $2,019,200 owed to affiliated entities and insiders, and (ii) $1,003,995 owed to Evie Autonomous Ltd. (“Evie”), have been deferred in full. These amounts will not become payable until any prepaid advance issued in connection with the proposed financing transaction is repaid in full.
These deferments reflect a coordinated effort among stakeholders to prioritize VisionWave’s launch, operations, and capital market development following the closing of the proposed business combination with VisionWave Technologies Inc.
No securities were issued in connection with these deferment agreements, and VisionWave retains discretion regarding the method and timing of any future payments to these creditors, subject to the stated conditions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: May 30, 2025 | ||
| BANNIX ACQUISITION CORP. | ||
| By: | /s/ Douglas Davis | |
| Name: | Douglas Davis | |
| Title: | Chief Executive Officer | |