Douglas Davis - Oct 20, 2022 Form 3 Insider Report for Bannix Acquisition Corp. (BNIX)

Signature
/s/ Douglas Davis
Stock symbol
BNIX
Transactions as of
Oct 20, 2022
Transactions value $
$0
Form type
3
Date filed
10/26/2022, 04:02 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BNIX Common Stock, par value $0.01 per share 475K Oct 20, 2022 Securities are held by Instant Fame, LLC. Mr. Davis serves as the manager of Instant Fame, LLC.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BNIX Warrant Oct 20, 2022 Common Stock, par value $0.01 per share 90K $11.50 Securities are held by Instant Fame, LLC. Mr. Davis serves as the manager of Instant Fame, LLC. F3
holding BNIX Right Oct 20, 2022 Common Stock, par value $0.01 per share 9K Securities are held by Instant Fame, LLC. Mr. Davis serves as the manager of Instant Fame, LLC. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Securities are held by Instant Fame, LLC. Mr. Davis serves as the manager of Instant Fame, LLC.
F2 Holds 90,000 rights entitling the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination.
F3 Represents one redeemable warrant to purchase one share of common stock. A Warrant may be exercised only during the period commencing on the later of (a) 30 days after the date of the consummation by the Company of an initial business combination and (b) 12 months from the date of the closing of the Public Offering, and terminating on the earlier to occur of (i) the date that is five (5) years after the date on which the Company consummates an initial business combination, (ii) on the redemption date and (iii) the liquidation of the Company's trust account (defined below).