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Bannix Acquisition Corp. and GBT Technologies, Inc. partner to bring revolutionary imaging tech 'VisionWave' to market

PRIVATEMar 28, 2024

Acquiring Company

Bannix Acquisition

Acquired Company

GBT Technologies Inc.

West HollywoodSanta MonicaArtificial IntelligenceInformation TechnologySoftwareArtificial IntelligenceIntellectual Property

Description

Bannix Acquisition Corp. (BNIX) and GBT Technologies, Inc. (GTCHD) have announced a binding Business Combination Agreement (BCA) with the goal of bringing groundbreaking imaging technology called 'VisionWave' to the market. This technology platform, backed by a portfolio of patents, leverages the power of radio waves and machine learning to create a new frontier in computer vision.

Quick answer

Bannix Acquisition is acquiring GBT Technologies Inc., announced March 28, 2024. Bannix Acquisition is based in West Hollywood, California, United States.

Who acquired GBT Technologies Inc?
Bannix Acquisition agreed to acquire GBT Technologies Inc. on March 28, 2024.
How much did Bannix Acquisition pay for GBT Technologies Inc?
The deal value was not disclosed.
What does Bannix Acquisition do?
Bannix Acquisition Corp. is a special purpose acquisition company (SPAC) focused on merging with companies in various sectors.
Where are Bannix Acquisition and GBT Technologies Inc. based?
Bannix Acquisition is based in West Hollywood, California, United States. GBT Technologies Inc. is based in Santa Monica, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Bannix Acquisition

Location

West Hollywood, California, United States

About

Bannix Acquisition Corp. is a special purpose acquisition company (SPAC) focused on merging with companies in various sectors. As a SPAC, it aims to provide a means for private companies to go public through a business combination. Its operations are designed to identify and acquire companies with growth potential. The company serves as a bridge for companies seeking capital and public market exposure.

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Frequently asked

Who acquired GBT Technologies Inc.?

GBT Technologies Inc. was acquired by Bannix Acquisition, based in West Hollywood. The deal was reported on March 28, 2024. Bannix Acquisition Corp. is a special purpose acquisition company (SPAC) focused on merging with companies in various sectors. Bannix Acquisition is privately held and operates in Artificial Intelligence.

When did Bannix Acquisition acquire GBT Technologies Inc.?

Bannix Acquisition's acquisition of GBT Technologies Inc. was reported on March 28, 2024. Bannix Acquisition Corp. (BNIX) and GBT Technologies, Inc. (GTCHD) have announced a binding Business Combination Agreement (BCA) with the goal of bringing groundbreaking imaging technology called 'VisionWave' to the market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does GBT Technologies Inc. do?

GBT Technologies, Inc. (GTCHD) considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. It is publicly traded (GTCH), operating in Information Technology, and is based in Santa Monica.

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