0001575705-21-000719.txt : 20211020 0001575705-21-000719.hdr.sgml : 20211020 20211020152846 ACCESSION NUMBER: 0001575705-21-000719 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 34 CONFORMED PERIOD OF REPORT: 20210630 FILED AS OF DATE: 20211020 DATE AS OF CHANGE: 20211020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bannix Acquisition Corp. CENTRAL INDEX KEY: 0001845942 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-40790 FILM NUMBER: 211333953 BUSINESS ADDRESS: STREET 1: 300 TICE BLVD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 BUSINESS PHONE: 2017129800 MAIL ADDRESS: STREET 1: 300 TICE BLVD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 10-Q 1 bannix_2q21.htm
0001845942 false 12/31 2021 Q2 0001845942 2021-01-01 2021-06-30 0001845942 us-gaap:CommonStockMember 2021-01-01 2021-06-30 0001845942 BNIXU:WarrantsMember 2021-01-01 2021-06-30 0001845942 BNIXU:UnitsMember 2021-01-01 2021-06-30 0001845942 us-gaap:RightsMember 2021-01-01 2021-06-30 0001845942 2021-10-20 0001845942 2021-06-30 0001845942 2021-04-01 2021-06-30 0001845942 2021-01-21 2021-06-30 0001845942 us-gaap:CommonStockMember 2021-01-21 0001845942 us-gaap:RetainedEarningsMember 2021-01-21 0001845942 us-gaap:TreasuryStockMember 2021-01-21 0001845942 2021-01-21 0001845942 us-gaap:CommonStockMember 2021-01-22 2021-03-31 0001845942 us-gaap:RetainedEarningsMember 2021-01-22 2021-03-31 0001845942 us-gaap:TreasuryStockMember 2021-01-22 2021-03-31 0001845942 2021-01-22 2021-03-31 0001845942 us-gaap:CommonStockMember 2021-03-31 0001845942 us-gaap:RetainedEarningsMember 2021-03-31 0001845942 us-gaap:TreasuryStockMember 2021-03-31 0001845942 2021-03-31 0001845942 us-gaap:CommonStockMember 2021-04-01 2021-06-30 0001845942 us-gaap:RetainedEarningsMember 2021-04-01 2021-06-30 0001845942 us-gaap:TreasuryStockMember 2021-04-01 2021-06-30 0001845942 us-gaap:CommonStockMember 2021-06-30 0001845942 us-gaap:RetainedEarningsMember 2021-06-30 0001845942 us-gaap:TreasuryStockMember 2021-06-30 0001845942 2021-01-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

FORM 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended

 

June 30, 2021

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from                           to

 
BANNIX ACQUISITION CORP.
(Exact Name of Registrant as Specified in its Charter)

  

Delaware   001-40790   86-1626016
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.) 

 

300 Tice Boulevard; Suite 315
Woodcliff Lake, NJ
07677
(Address of Principal Executive Offices) (Zip Code)

  

Registrant’s telephone number, including area code: (201) 712-9800
 

N/A
(Former name or former address, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of each class   Trading
Symbol(s)
  Name of each exchange on which registered
Common Stock   BNIX   The Nasdaq Stock Market LLC
Warrants   BNIXW   The Nasdaq Stock Market LLC
Units   BNIXU   The Nasdaq Stock Market LLC
Rights   BNIXR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No ☒

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer   Accelerated filer
Non-accelerated filer Smaller reporting company  
Emerging growth company      

  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ☐

 

As of October 20, 2021, 9,424,000 shares of common stock, par value $0.01 per share, were issued and outstanding.

 

1 

 

 

BANNIX ACQUISITION CORP.

FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2021

TABLE OF CONTENTS

 

    Page
Part I. Financial Information   3
Item 1. Financial Statements   3
Unaudited Condensed Balance Sheet as of June 30, 2021   3
Unaudited Condensed Statements of Operations for the three months ended June 30, 2021 and for the period from January 21, 2021 (inception) through June 30, 2021   4
Unaudited Condensed Statement of Changes in Stockholders’ Equity for the period from January 21, 2021 (inception) through June 30, 2021   5
Unaudited Condensed Statement of Cash Flows for the period from January 21, 2021 (inception) through June 30, 2021   6
Notes to Unaudited Condensed Financial Statements   7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations   18
Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk   20
Item 4. Controls and Procedures   20
Part II. Other Information   22
Item 1. Legal Proceedings   22
Item 1A. Risk Factors   22
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities   22
Item 3. Defaults Upon Senior Securities   22
Item 4. Mine Safety Disclosures   22
Item 5. Other Information   23
Item 6. Exhibits   23
Part III. Signatures   24

 

2 

 

 

PART I – FINANCIAL INFORMATION

 

 BANNIX ACQUISITION CORP. 

UNAUDITED CONDENSED BALANCE SHEET

JUNE 30, 2021

 

      
ASSETS     
Current Assets     
Cash  $1,008,193 
Total current assets   1,008,193 
Deferred offering costs   162,595 
Total Assets  $1,170,788 
      
LIABILITIES AND STOCKHOLDERS’ EQUITY     
Current Liabilities     
Accrued offering costs and expenses  $5,200 
Due to related parties   7,910 
Loans payable – Sponsors   844,519 
Promissory note - related party   300,000 
Total current liabilities   1,157,629 
      
Commitments and Contingencies (Note 6)     
      
Stockholders’ Equity     
Common stock, par value $0.01; authorized 10,000,000 shares; issued 3,162,500; 1,725,000 shares outstanding (excluding 1,437,500 Treasury Stock shares)(1)   31,625 
Accumulated deficit   (4,091)
Less Treasury Stock; at cost, 1,437,500 shares   (14,375)
Total stockholders’ equity   13,159 
      
Total Liabilities and Stockholders’ Equity  $1,170,788 

  

(1) Includes up to 225,000 shares subject to forfeiture if the underwriters’ over-allotment option was not exercised in full or in part by the underwriters. As a result of the underwriters’ election to fully exercise their over-allotment on September 14, 2021, the Sponsor shares are no longer subject to forfeiture.

 

The accompanying notes are an integral part of these unaudited condensed financial statements.

3 

 

 

BANNIX ACQUISITION CORP.
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

 

       
   For the three months ended June 30, 2021  For the period from January 21, 2021 (Inception) to June 30, 2021
Formation and operating costs  $183   $1,216 
Net loss  $(183)  $(1,216)
           
Basic and diluted weighted average shares outstanding (1)   2,835,165    2,585,615 
Basic and diluted net loss per share  $(0.00)  $(0.00)

 

(1) Includes up to 225,000 shares subject to forfeiture if the underwriters’ over-allotment option was not exercised in full or in part by the underwriters. As a result of the underwriters’ election to fully exercise their over-allotment on September 14, 2021, the Sponsor shares are no longer subject to forfeiture.

  

The accompanying notes are an integral part of these unaudited condensed financial statements.

 

4 

 

 

BANNIX ACQUISITION CORP.
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
FOR THE PERIOD FROM JANUARY 21, 2021 (INCEPTION) THROUGH JUNE 30, 2021

 

                          
   Common Stock  Accumulated  Treasury  Stockholders’
   Shares(1)(2)(3)  Amount  Deficit  Stock  Equity
                
Balance as of January 21, 2021 (Inception)      $   $   $   $ 
Issuance of common stock to Sponsors   3,162,500    31,625    (2,875)        28,750 
Net loss           (1,033)       (1,033)
Balance as of March 31, 2021   3,162,500   $31,625   $(3,908)  $   $27,717 
Purchase of common stock from Sponsors               (14,375)   (14,375)
Net loss           (183)       (183)
Balance as of June 30, 2021   3,162,500   $31,625   $(4,091)  $(14,375)  $13,159 

 

(1) Includes up to 225,000 shares subject to forfeiture if the underwriters’ over-allotment option was not exercised in full or in part by the underwriters. As a result of the underwriters’ election to fully exercise their over-allotment on September 14, 2021, the Sponsor shares are no longer subject to forfeiture.
(2) Restated for stock dividend declared during September 2021 in connection with the upsizing of the IPO. (See Note 5)
(2) Includes 1,437,500 shares classified as treasury stock. (See Notes 5 and 8)

 

The accompanying notes are an integral part of these unaudited condensed financial statements.

 

5 

 

 

BANNIX ACQUISITION CORP.
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
FOR THE PERIOD FROM JANUARY 21, 2021 (INCEPTION) THROUGH JUNE 30, 2021

 

      
Cash flows from operating activities:     
Net loss  $(1,216)
Changes in operating assets and liabilities:     
Accounts payable – Sponsors   910 
Net cash used in operating activities   (306)
      
Cash Flows from Financing Activities:     
Proceeds from sale of common stock to Sponsors  $28,750 
Deferred offering costs   (107,395)
Loans from Sponsors   787,144 
Promissory note payable to Sponsor   300,000 
Net cash provided by financing activities  $1,008,499 
      
Net change in cash   1,008,193 
Cash, January 21, 2021 (inception)    
Cash, end of the period  $1,008,193 
      
Supplemental disclosure of cash flow information:     
Repurchase of treasury stock included in due to related parties  $7,000 
Repurchase of treasury stock included in loans payable - Sponsors  $7,375 
Deferred offering costs paid by Sponsor  $50,000 

 

The accompanying notes are an integral part of these unaudited condensed financial statements.

 

6 

 

 

BANNIX ACQUISITION CORP. 

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

 

Note 1—Organization and Business Operations

 

Organization and General

 

Bannix Acquisition Corp. (the “Company”) is a newly organized blank check company incorporated in the state of Delaware on January 21, 2021. The Company was formed for the purpose of effecting mergers, capital stock exchange, asset acquisitions, stock purchases, reorganization or similar business combinations with one or more businesses (“Business Combination”). The Company has not selected any specific Business Combination target and the Company has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any Business Combination target with respect to the Business Combination.

 

The Company has selected December 31 as its fiscal year end.

 

As of June 30, 2021, the Company had not commenced any operations. All activity for the period from January 21, 2021 (inception) through June 30, 2021 relates to the Company’s formation and the initial public offering (the “IPO”) (as defined below). The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the IPO. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

 

Financing

 

The Company’s sponsors are Subash Menon and Sudeesh Yezhuvath (through their investment entity Bannix Management LLP), Suresh Yezhuvath (“Yezhuvath”) and Seema Rao (“Rao”) (the “Sponsors”).

 

The registration statements for the Company’s IPO was declared effective on September 9, 2021 and September 10, 2021 (the “Effective Date”). On September 14, 2021, the Company consummated its IPO of 6,900,000 units at $10.00 per unit (the “Units”), which is discussed in Note 3. Each Unit consists of one share of common stock (the “Public Shares”), one redeemable warrant to purchase one share of common stock at a price of $11.50 per share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of the Business Combination.

 

Concurrent with the IPO, the Company consummated the issuance of 406,000 private placement units (the “Private Placement Units”) as follows: the Company sold 181,000 Private Placement Units to certain investors for aggregate cash proceeds of $2,460,000 and issued an additional 225,000 private placement units to the Sponsor in exchange for the cancellation of $1,105,000 in loans and a promissory note due to them (see Note 5). Each Private Placement Unit consists of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per whole share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of the Business Combination. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and the Private Placement Units, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination.

 

Transaction costs incurred related to the IPO were $5,490,800, consisting of $1,845,000 in underwriter’s discount paid at the time of the offering, $225,000 in underwriting expense to be paid in the future, $2,861,040 in fair value of representative shares to the underwriters and $559,760 in other offering costs. Of the total incurred, $463,377 was allocated to the warrants and charged to expense and $5,027,423 was charged to equity.

 

7 

 

 

Trust Account

 

Following the closing of the IPO on September 14, 2021, an amount of $69,690,000 ($10.10 per Unit) from the net proceeds of the sale of the Units in the IPO and Private Placement Units was placed in a trust account (the “Trust Account”) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its franchise and income tax obligations (less up to $100,000 of interest to pay dissolution expenses), the proceeds from this offering and the sale of the Private Placement Units will not be released from the Trust Account until the earliest of (a) the completion of the Company’s initial Business Combination, (b) the redemption of any Public Shares properly submitted in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation, and (c) the redemption of the Company’s Public Shares if the Company is unable to complete the initial Business Combination within 15 months from the closing of this offering, or within any period of extension, subject to applicable law. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s public stockholders.

 

Initial Business Combination

 

The Company has 15 months from the closing of the offering to consummate the initial Business Combination. However, if the Company anticipates that it may not be able to consummate the initial Business Combination within 15 months, the Company may, by resolution of the board if requested by the initial stockholders, extend the period of time to consummate a Business Combination up to two times, each by an additional three months (for a total of up to 21 months to complete a Business Combination) (the “Combination Period”), subject to the Sponsors depositing additional funds into the Trust Account as set out below. Pursuant to the terms of the bylaws and the trust agreement entered into between the Company and Continental Stock Transfer & Trust Company on the date of this prospectus, in order to extend the time available for the Company to consummate the initial Business Combination, the Sponsors, upon five days advance notice prior to the applicable deadline, must deposit into the Trust Account for each three-month extension, $690,000 ($0.10 per share in either case) on or prior to the date of the applicable deadline, up to an aggregate of $1,380,000, or approximately $0.20 per share. In the event that the Company receives notice from the Sponsors five days prior to the applicable deadline of its wish for the Company to effect an extension, the Company intends to issue a press release announcing such intention at least three days prior to the applicable deadline. In addition, the Company intends to issue a press release the day after the applicable deadline announcing whether or not the funds had been timely deposited. The Sponsors and its affiliates or designees are not obligated to fund the Trust Account to extend the time for the Company to complete the initial Business Combination. If the Company is unable to consummate the initial Business Combination within the applicable time period, the Company will, promptly but not more than ten business days thereafter, redeem the Public Shares for a pro rata portion of the funds held in the Trust Account and promptly following such redemption, subject to the approval of the remaining stockholders and the board of directors, dissolve and liquidate, subject in each case to the obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. In such event, the rights and warrants will be worthless. Additionally, pursuant to Nasdaq rules, any initial Business Combination must be approved by a majority of the independent directors.

 

The Company anticipates structuring the initial Business Combination so that the post-transaction company in which the public stockholders own shares will own or acquire substantially all of the equity interests or assets of the target business or businesses. The Company may, however, structure the initial Business Combination such that the post-transaction company owns or acquires less than substantially all of such interests or assets of the target business in order to meet certain objectives of the target management team or stockholders or for other reasons, but the Company will only complete such Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, the stockholders prior to the initial Business Combination may collectively own a minority interest in the post-transaction company, depending on valuations ascribed to the target and the Company in the Business Combination transaction. For example, the Company could pursue a transaction in which the Company issue a substantial number of new shares in exchange for all of the outstanding capital stock of shares or other equity interests. In this case, the Company would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares, the stockholders immediately prior to the initial Business Combination could own less than a majority of the outstanding shares subsequent to the initial Business Combination. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be valued for purposes of the 80% of net assets test. If the initial Business Combination involves more than one target business, the 80% of net assets test will be based on the aggregate value of all of the target businesses even if the acquisitions of the target businesses are not closed simultaneously.

 

8 

 

 

Although the Company believes that the net proceeds of the offering will be sufficient to allow the Company to consummate a Business Combination, because the Company has not yet identified any prospective target business, the Company cannot ascertain the capital requirements for any particular transaction. If the net proceeds of this offering prove to be insufficient, either because of the size of the Business Combination, the depletion of the available net proceeds in search of a target business, or because the Company becomes obligated to redeem a significant number of the Public Shares upon consummation of the initial Business Combination, the Company will be required to seek additional financing, in which case the Company may issue additional securities or incur debt in connection with such Business Combination. Furthermore, the Company may issue a substantial number of additional shares of common or preferred stock to complete the initial Business Combination or under an employee incentive plan upon or after consummation of the initial Business Combination. The Company does not have a maximum debt leverage ratio or a policy with respect to how much debt the Company may incur. The amount of debt the Company will be willing to incur will depend on the facts and circumstances of the proposed Business Combination and market conditions at the time of the potential Business Combination. At this time, the Company is not party to any arrangement or understanding with any third party with respect to raising additional funds through the sale of the securities or the incurrence of debt. Subject to compliance with applicable securities laws, the Company would only consummate such financing simultaneously with the consummation of the initial Business Combination.

 

Nasdaq rules require that the initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding advisory fees and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. If the board is not able to independently determine the fair market value of the target business or businesses, the Company will obtain an opinion from an independent investment banking firm or an independent accounting firm with respect to the satisfaction of such criteria. The Company does not intend to purchase multiple businesses in unrelated industries in connection with the initial Business Combination.

 

The Company will provide its public stockholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial Business Combination either (i) in connection with a stockholder meeting called to approve the initial Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a proposed initial Business Combination or conduct a tender offer will be made by the Company, solely at its discretion. The stockholders will be entitled to redeem their shares for a pro rata portion of the amount then on deposit in the Trust Account (initially approximately $10.10 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations).

 

The initial carrying value of the common stock subject to redemption is recorded at an amount equal to the proceeds of the public offering less (i) the fair value of the public warrants and less (ii) offering costs allocable to the common stock sold as part of the units in the IPO. Such initial carrying value is classified as temporary equity upon the completion of the IPO, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.”

 

The Company’s amended and restated certificate of incorporation provides that in no event will it redeem the public shares in an amount that would cause the Company’s net tangible assets to be less than $5,000,001 both immediately before and after the consummation of the Business Combination (so that the Company is not subject to the SEC’s “penny stock” rules). Redemptions of the Company’s public shares may also be subject to a higher net tangible asset test or cash requirement pursuant to an agreement relating to the Business Combination. For example, the Business Combination may require: (i) cash consideration to be paid to the target or its owners, (ii) cash to be transferred to the target for working capital or other general corporate purposes or (iii) the retention of cash to satisfy other conditions in accordance with the terms of the Business Combination. In the event the aggregate cash consideration the Company would be required to pay for all shares of common stock that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the Business Combination exceed the aggregate amount of cash available to the Company, it will not complete the Business Combination or redeem any shares, and all shares of common stock submitted for redemption will be returned to the holders thereof.

 

9 

 

 

The Sponsors, officers and directors and Representative (as defined in Note 6) have agreed to (i) waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of the initial Business Combination, (ii) waive their redemption rights with respect to their Founder Shares (as defined below) and Public Shares in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation, and (iii) waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete the initial Business Combination within the Combination Period.

 

The Company’s Sponsors have agreed that they will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.10 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.10 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of this offering against certain liabilities, including liabilities under the Securities Act. However, the Company has not asked its Sponsors to reserve for such indemnification obligations, nor has the Company independently verified whether its Sponsors have sufficient funds to satisfy its indemnity obligations and believe that the Company’s Sponsors’ only assets are securities of the Company. Therefore, the Company cannot assure that its Sponsors would be able to satisfy those obligations.

 

Liquidity and Capital Resources

 

As of June 30, 2021, the Company had $1,008,193 in cash and a working capital deficit of $149,436 (excluding deferred offering costs).

 

The Company’s liquidity needs up to June 30, 2021 had been satisfied through a capital contribution from the Sponsors of $28,750 for common stock (“Founder Shares”) and from loans from Sponsors and related parties in order to pay offering costs. In addition, in order to finance transaction costs in connection with a Business Combination, the Company’s Sponsors or an affiliate of the Sponsors or certain of the Company’s officers and directors may, but are not obligated to, provide the Company Working Capital Loans. As of June 30, 2021, there was $1,152,429 owed to Sponsors and related parties and no other amounts outstanding under any Working Capital, Sponsor or related party loans. See Note 5 for further disclosure of Sponsor and related party loans.

 

After consummation of the IPO on September 14, 2021, the Company had approximately $540,000 in its operating bank account, and working capital of approximately $600,000.

 

Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

 

Risks and Uncertainties

 

Management is currently evaluating the impact of the COVID-19 pandemic on the Company and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

10 

 

 

Note 2—Significant Accounting Policies

 

Basis of Presentation

 

The accompanying financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America for interim financial information (“US GAAP”) and pursuant to Rule 8-03 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the period presented. Operating results for the period from January 21, 2021 (inception) through June 30, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021.

 

The accompanying unaudited condensed financial statements should be read in conjunction with the audited balance sheet and notes thereto included in the Form 8-K and the audited financial statements and notes thereto included in the final prospectus filed by the Company with the SEC on September 20, 2021 and September 13, 2021, respectively.

 

Emerging Growth Company Status

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

 

Use of Estimates

 

The preparation of these unaudited condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period.

 

Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events.

 

11 

 

 

Concentration of Credit Risk

 

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. As of June 30, 2021, approximately $750,000 was held in excess of insured limits.

 

Deferred Offering Costs

 

The Company complies with the requirements of ASC Subtopic 340-10-S99-1, “Expenses of Offering.” Offering costs consist of legal, accounting, underwriting fees and other costs incurred through June 30, 2021 that were directly related to the IPO. Upon consummation of the IPO, offering costs were allocated to the separable financial instruments issued in the IPO on a relative fair value basis compared to total proceeds received. Offering costs associated with warrant liabilities were expensed as incurred and presented as non-operating expenses in the statement of operations. Offering costs associated with the shares of common stock were charged to temporary equity (common stock subject to possible redemption) upon the completion of the IPO.

 

Fair Value of Financial Instruments

 

The fair value of the Company’s cash and current liabilities approximates the carrying amounts represented in the accompanying balance sheet, due to their short-term nature.

 

Fair value is defined as the price which would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy which prioritizes the inputs used in the valuation methodologies is as follows:

 

Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

 

Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.

 

Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.

 

Fair Value of Warrant Liability

 

The Company accounted for the 7,306,000 warrants issued in connection with the IPO and private placement in accordance with the guidance contained in ASC Topic 815, “Derivatives and Hedging” whereby under that provision, the warrants did not meet the criteria for equity treatment and were recorded as a liability. Accordingly, the Company classified the warrants as a liability at fair value in the period ended September 30, 2021 and will adjust them to fair value at each reporting period. This liability will be re-measured at each balance sheet date until the warrants are exercised or expire, and any change in fair value will be recognized in the Company’s statement of operations.

 

Net Loss Per Share

 

Net loss per share is computed by dividing net loss by the weighted average number of shares outstanding during the period, excluding shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 225,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters (see Note 8). At June 30, 2021, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented.

 

12 

 

 

Income Taxes

 

The Company recorded no income tax expense for the period from January 21, 2021 (inception) through June 30, 2021 because the estimated annual effective tax rate was zero. As of June 30, 2021, the Company provided a valuation allowance against its net deferred tax assets since the Company believes it is likely that its deferred tax assets will not be realized.

 

Recent Accounting Pronouncements

 

In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, Debt — “Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity” (Subtopic 815-40) (“ASU 2020-06”) to simplify accounting for certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the if-converted method for all convertible instruments. ASU 2020-06 is effective January 1, 2022 and should be applied on a full or modified retrospective basis, with early adoption permitted beginning on January 1, 2021. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.

 

Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

 

Note 3— Initial Public Offering

 

On September 14, 2021, the Company consummated its IPO and sold 6,900,000 Units at a purchase price of $10.00 per Unit, which was inclusive of the underwriters’ full exercise of their over-allotment option, generating gross proceeds of $69,000,000. Each Unit that the Company sold had a price of $10.00 and consisted of one share of common stock, one warrant to purchase one share of common stock and one right. Each warrant will entitle the holder to purchase one share of common stock at a price of $11.50 per share, subject to adjustment. Each warrant will become exercisable on the later of the completion of the initial Business Combination or 12 months from the closing of the offering and will expire five years after the completion of the initial Business Combination, or earlier upon redemption or liquidation. Each right entitles the holder to buy one tenth of one share of common stock. The common stock, warrants and rights comprising the Units will begin separate trading on the 52nd day following September 13, 2021, the date of the filing of the final prospectus unless the underwriters, I-Bankers Securities, Inc., inform the Company of their decision to allow earlier separate trading, subject to the Company’s having filed the Current Report on Form 8-K with the accompanying audited balance sheet and having issued a press release announcing when such separate trading will begin. At the time that the common stock, warrants and rights comprising the Units begin separate trading, holders will hold the separate securities and no longer hold Units (without any action needing to be taken by the holders), and the Units will no longer trade.

 

Note 4—Private Placement

 

Simultaneously with the closing of the IPO and the sale of the Units, the Company sold 181,000 Private Placement Units to certain investors for aggregate cash proceeds of $2,460,000 and issued an additional 225,000 Private Placement Units to a Sponsor in exchange for the cancellation of $1,105,000 in loans and a promissory note due to them. Each Private Placement Unit consisted of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per whole share and one right.

 

13 

 

 

Note 5—Related Party Transactions

 

Founder Shares

 

In February 2021, the Sponsors subscribed for 2,875,000 shares of the Company’s common stock (the “Founder Shares”) for $28,750, or $0.01 per share, in connection with formation. In June 2021, 1,437,500 shares of the Founder Shares were re-purchased by the Company for a total of $14,375. In connection with the upsize of the IPO, on September 10, 2021, an additional 287,500 Founder Shares were issued via a 20% stock dividend, resulting in total Founder Shares outstanding of 1,725,000. All share amounts and related figures have been retroactively adjusted (see Note 8).

 

The Sponsors have agreed not to transfer, assign or sell the Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) the date on which the Company completes a liquidation, merger, stock exchange or other similar transaction after the initial Business Combination that results in all of the public stockholders having the right to exchange their shares of common stock for cash, securities or other property. The Company refers to such transfer restrictions as the “lock-up”. Notwithstanding the foregoing, if the last sale price of the common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, the Founder Shares will be released from the lock-up.

 

Promissory Note—Sponsor

 

On February 15, 2021, the Company issued an unsecured promissory note to Yezhuvath, as and when required, pursuant to which the Company may borrow up to an aggregate principal amount of $300,000 to be used for a portion of the expenses of this offering. This note is non-interest bearing and unsecured. As of June 30, 2021, all $300,000 of the note was drawn down and it was repaid upon the closing of this IPO through the issuance of 30,000 Private Placement Units.

 

Working Capital Loans – Sponsors

 

In order to finance transaction costs in connection with a Business Combination, the Sponsors or an affiliate of the Sponsors or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. If the Company completes a Business Combination, the Company would repay the loans out of the proceeds of the Trust Account released to the Company. Otherwise, the loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the loans but no proceeds from the Trust Account would be used to repay the loans.

 

The Company entered into a loan agreement with Yezhuvath with the following terms:

 

  1. The Company can borrow up to $805,000 under the loan agreement.
  2. Advances under the loan agreement are unsecured and do not bear interest.
  3. Following the consummation of the IPO, the loan was repaid/forfeited as follows:

 

  a. Against the first $1,030,000 of the note and loan agreement (inclusive of the $300,000 note discussed above), 210,000 Private Placement Units were issued.
  b. Against the next $75,000 of loan, 15,000 Private Placement Units were issued.

 

Yezhuvath has agreed to make an additional loan to the Company of $225,000 pursuant to the exercise of the over-allotment which would only be drawn down at the time of the Business Combination. The proceeds would be used to pay a portion of the incremental underwriting discount on the over-allotment shares which the underwriter has agreed to defer the receipt of until a Business Combination is consummated. Yezhuvath has agreed to forgive this amount without any additional securities being issued against it.

 

On April 12, 2021, the Company entered into a loan agreement with Rao for an amount of $270,000. The loan does not bear interest and is unsecured. In connection with the successful IPO, the loan was forfeited and not repaid by the Company and was considered a capital contribution without any additional securities being issued.

 

14 

 

 

Due to Related Parties

 

The balance in Due to Related Parties totaling $7,910 consists of the following transactions:

 

  1. Subash Menon paid expenses on behalf of the Company. As of June 30, 2021, the Company owed him $910 for such expenses.
     
  2. As a result of a change in the size of the offering, the Company agreed to repurchase 700,000 shares of common stock from Bannix Management LLP for total consideration of $7,000 (see Note 8).

 

Administrative Support Agreement

 

Commencing on the date of the IPO, the Company has agreed to pay an affiliate of the Sponsor for office space, secretarial and administrative services provided to members of the management team, in the amount of $5,000 per month. Upon completion of the initial Business Combination or the Company’s liquidation, it will cease paying these monthly fees.

 

Note 6—Commitments and Contingencies

 

Registration Rights

 

The holders of the Founder Shares, Private Placement Units and warrants that may be issued upon conversion of related party loans will have registration rights to require the Company to register a sale of any of its securities held by them pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. These holders will be entitled to make up to three demands, excluding short form registration demands, that the Company registers such securities for sale under the Securities Act. In addition, these holders will have “piggy-back” registration rights to include their securities in other registration statements filed by the Company.

 

Underwriters Agreement

 

The Company granted the underwriters a 30-day option from the date of the IPO to purchase up to an additional 900,000 Units to cover over-allotments, which it fully exercised on the date of the IPO.

 

The underwriters are entitled to a cash underwriting discount of 3% of the gross proceeds of the IPO, or an aggregate of $2,070,000. Of this amount, $225,000 will be payable to the underwriters by a Sponsor solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Additionally, the underwriters are entitled to a Business Combination marketing fee of 3.5% of the gross proceeds of the sale of Units in the IPO upon the completion of the Company’s initial Business Combination subject to the terms of the underwriting agreement.

 

The Company issued the underwriter (and/or its designees) (the “Representative”) 393,000 shares of common stock for $0.01 per share (the “Representative Shares”) upon the consummation of the IPO. The Company accounted for the estimated fair value ($2,861,000) of the Representative Shares as an offering cost of the IPO and allocated such cost against temporary equity for the amount allocated to the redeemable shares and to expense for the allocable portion relating to the warrant liability. These shares of common stock issued to the underwriter are subject to an agreement in which the underwriter has agreed (i) not to transfer, assign or sell any such shares until the completion of the Business Combination. In addition, the underwriter (and/or its designees) has agreed (i) to waives its redemption rights with respect to such shares in connection with the completion of the Business Combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if it fails to complete the Business Combination within 15 months from the closing of the IPO. Accordingly, the fair value of such shares is included in stockholders’ equity.

 

Note 7 — Warrant Liability

 

The Company accounted for the 7,306,000 warrants issued in connection with the IPO and private placement in accordance with the guidance contained in ASC Topic 815, “Derivatives and Hedging” whereby under that provision, the warrants did not meet the criteria for equity treatment and were recorded as a liability. Accordingly, the Company classified the warrants as a liability at fair value, at the IPO date, and will adjust them to fair value at each reporting period. This liability will be re-measured at each balance sheet date until the warrants are exercised or expire, and any change in fair value will be recognized in the Company’s statement of operations. The fair value of the public warrants was estimated using the Monte Carlo simulation model. The fair value of the private warrants was estimated using a modified Black-Scholes model. The valuation models utilize inputs such as assumed share prices, volatility, discount factors and other assumptions and may not be reflective of the price at which they can be settled. Such warrant classification is also subject to re-evaluation at each reporting period.

15 

 

 

Each whole warrant entitles the holder to purchase one share of the Company’s common stock at a price of $11.50 per share, subject to adjustment as discussed herein. In addition, if (x) the Company issues additional shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Company’s Sponsors or its affiliates, without taking into account any Founder Shares held by the Company’s Sponsors or its affiliates, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates the initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Value, and the $18.00 per share redemption trigger price described below under “Redemption of warrants” will be adjusted (to the nearest cent) to be equal to 180% of the Market Value.

 

The warrants will become exercisable on the later of 12 months from the closing of this offering or upon completion of its initial Business Combination and will expire five years after the completion of the Company’s initial Business Combination, at 5:00 p.m., Eastern Time, or earlier upon redemption or liquidation.

 

The Company will not be obligated to deliver any shares of common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act with respect to the shares underlying the warrants is then effective and a prospectus is current. No warrant will be exercisable, and the Company will not be obligated to issue shares of common stock upon exercise of a warrant unless shares issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In no event will the Company be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser of a Unit containing such warrant will have paid the full purchase price for the Unit solely for the share of common stock underlying such Unit.

 

Redemption of warrants

 

The Company may call the warrants for redemption (excluding the private warrants, and any warrants underlying Units issued to the Sponsors, initial stockholders, officers, directors or their affiliates in payment of related party loans made to the Company), in whole and not in part, at a price of $0.01 per warrant:

 

at any time while the warrants are exercisable,
   
●  upon not less than 30 days prior written notice of redemption to each warrant holder,
   
●  if, and only if, the reported last sale price of the common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period ending on the third trading business day prior to the notice of redemption to warrant holders, and
   
●  if, and only if, there is a current registration statement in effect with respect to the issuance of the shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day until the date of redemption.

 

16 

 

 

If the Company calls the warrants for redemption as described above, management will have the option to require any holder that wishes to exercise its warrant to do so on a “cashless basis.” If management takes advantage of this option, all holders of warrants would pay the exercise price by surrendering their warrants for that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock underlying the warrants, multiplied by the excess of the “fair market value” (defined below) over the exercise price of the warrants by (y) the fair market value. The “fair market value” shall mean the average reported last sale price of the common stock for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants.

 

If the Company is unable to complete an initial Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless.

 

Note 8—Stockholders’ Equity

 

Preferred Stock—On September 9, 2021, the Company amended and restated its certificate of incorporation to authorize the issuance of 1,000,000 shares of preferred stock at par value of $0.01 each and with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors.

 

Common Stock—The Company was authorized to issue a total of 10,000,000 shares of common stock with par value of $0.01 each. As of June 30, 2021, there were 3,162,500 shares of common stock issued and 1,725,000 shares outstanding. Each share of common stock entitles the holder to one vote. In connection with the Company’s amended and restated certificate of incorporation, authorized shares were increased to 100,000,000. As of the consummation of the Company’s IPO on September 14, 2021, there were 9,424,000 shares of common stock issued, consisting of (1) 6,900,000 shares related to the Units sold in the IPO, (2) 406,000 shares related to the Private Placement Units sold concurrently with the IPO, (3) 1,725,000 Founder Shares and (4) 393,000 Representative Shares.

 

Treasury Stock—On June 21, 2021 the Sponsors agreed to deliver the Company 1,437,500 shares of common stock beneficially owned by the Sponsors. The amount payable to Yezhuvath of $7,735 was repaid as part of the Private Placement Units issued to him (see Note 5) and the amount of $7,000 payable to Bannix Management LLP is included in Due to Related Parties as of June 30, 2021.

 

Rights—Except in cases where the Company is not the surviving company in the Business Combination, each holder of a right will automatically receive one-tenth (1/10) of a share of common stock upon consummation of the Business Combination, even if the holder of a right converted all shares held by him, her or it in connection with the Business Combination or an amendment to the Company’s Certificate of Incorporation with respect to its pre-Business Combination activities. In the event that the Company will not be the surviving company upon completion of the Business Combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth (1/10) of a share of common stock underlying each right upon consummation of the Business Combination. No additional consideration will be required to be paid by a holder of rights in order to receive his, her or its additional share of common stock upon consummation of Business Combination. The shares issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of the Company). If the Company enters into a definitive agreement for a Business Combination in which the Company will not be the surviving entity, the definitive agreement will provide for the holders of the rights to receive the same per share consideration the holders of shares of common stock will receive in the transaction on an as-converted into common stock basis.

 

Note 9—Subsequent Events

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date of the filing of this report. The Company did not identify any subsequent events, other than those discussed within the notes to these unaudited condensed financial statements and noted below, that would have required adjustment or disclosure in these unaudited condensed financial statements.

 

On September 10, 2021, an additional 287,500 Founder Shares were issued via a stock dividend, resulting in total Founder Shares outstanding of 1,725,000. All share amounts and related figures have been retroactively adjusted.

 

17 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

References to “we”, “us”, “our” or the “Company” are to Bannix Acquisition Corp., except where the context requires otherwise. The following discussion should be read in conjunction with our unaudited condensed financial statements and related notes thereto included elsewhere in this report.

 

Cautionary Note Regarding Forward-Looking Statements

 

This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in our other Securities and Exchange Commission (“SEC”) filings.

 

Overview

 

We are a blank check company incorporated on January 21, 2021 as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

 

On September 14, 2021, we consummated our IPO of 6,900,000 units at $10.00 per unit (the “Units”). The units sold included the full exercise of the underwriters’ over-allotment. Each Unit consists of one share of our common stock (the “Public Shares”), one redeemable warrant to purchase one share of our common stock at a price of $11.50 per share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of our common stock upon the consummation of the Business Combination.

 

Simultaneously with the closing of the IPO and the over-allotment, we consummated the issuance of 406,000 private placement units (the “Private Placement Units”) as follows: we sold 181,000 Private Placement Units to certain investors for aggregate cash proceeds of $2,460,000 and issued an additional 225,000 private placement units to our Sponsor in exchange for the cancellation of $1,105,000 in loans and a promissory note due to them. Each Private Placement Unit consists of one share of our common stock, one redeemable warrant to purchase one share of our common stock at a price of $11.50 per whole share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of our common stock upon the consummation of our Business Combination. Our management has broad discretion with respect to the specific application of the net proceeds of the IPO and the Private Placement Units, although substantially all of the net proceeds are intended to be generally applied toward consummating our Business Combination.

 

Upon the closing of the initial public offering on September 14, 2021, a total of $69,690,000 of the net proceeds from the IPO, the Over-Allotment and the Private Placement were deposited in a trust account established for the benefit of our public stockholders.

 

If we have not completed our initial business combination within 15 months, we will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (which interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining stockholders and our board of directors, dissolve and liquidate, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.

 

18 

 

 

We cannot assure you that our plans to complete our initial business combination will be successful.

 

Results of Operations

 

Our entire activity since inception up to June 30, 2021 was in preparation for our initial public offering. We will not generate any operating revenues until the closing and completion of our initial business combination, at the earliest.

 

For the three months ended June 30, 2021, we had a net loss of $183, which consisted of formation and operating costs of $183.

 

For the period from January 21, 2021 through June 30, 2021, we had net loss of $1,216, which consisted of formation and operating costs of $1,216.

 

Liquidity and Capital Resources

 

As of June 30, 2021, we had $1,008,193 in cash and a working capital deficit of $149,436 (excluding deferred offering costs).

 

Our liquidity needs up to June 30, 2021 had been satisfied through a capital contribution from the Sponsors of $28,750 for common stock and from loans from a Sponsor and related parties in order to pay offering costs. In addition, in order to finance transaction costs in connection with a business combination, our sponsors or an affiliate of our sponsors or certain of our officers and directors may, but are not obligated to, provide us working capital loans. As of June 30, 2021, there was $1,152,429 owed to Sponsors and related parties and no other amounts outstanding under any Working Capital, Sponsor or related party loans.

 

After consummation of the IPO on September 14, 2021, the Company had approximately $540,000 in its operating bank account, and working capital of approximately $600,000.

 

Based on the foregoing, management believes that we will have sufficient working capital and borrowing capacity to meet our needs through the earlier of the consummation of a business combination or one year from this filing. Over this time period, we will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial business combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the business combination.

 

Critical Accounting Policies

 

The preparation of these unaudited condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. We have identified the following as our critical accounting policies:

 

Deferred Offering Costs

 

We comply with the requirements of ASC Subtopic 340-10-S99-1, “Expenses of Offering.” Our offering costs consist of legal, accounting, underwriting fees and other costs incurred through June 30, 2021 that were directly related to the IPO. Upon consummation of the IPO, offering costs were allocated to the separable financial instruments issued in the IPO on a relative fair value basis compared to total proceeds received. Offering costs associated with our warrant liabilities were expensed as incurred and presented as non-operating expenses in our statement of operations. Offering costs associated with the shares of our common stock were charged to temporary equity (common stock subject to possible redemption) upon the completion of the IPO.

 

19 

 

 

Recent Accounting Pronouncements

 

In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, Debt — “Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity” (Subtopic 815-40) (“ASU 2020-06”) to simplify accounting for certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the if-converted method for all convertible instruments. ASU 2020-06 is effective January 1, 2022 and should be applied on a full or modified retrospective basis, with early adoption permitted beginning on January 1, 2021. We are currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.

 

Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

 

Off-Balance Sheet Arrangements; Commitments and Contractual Obligations

 

Registration Rights

 

Pursuant to a registration rights agreement entered into on September 14, 2021, The holders of the founder shares, the private placement units and private placement units that may be issued upon conversion of working capital loans will be entitled to registration rights pursuant to a registration rights agreement to be signed prior to or on the closing date of this offering requiring us to register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of our initial business combination. We will bear the expenses incurred in connection with the filing of any such registration statements.

 

Underwriters Agreement

 

We granted the underwriters a 30-day option from the date of the initial public offering to purchase up to an additional 900,000 units to cover over-allotments, if any at the initial public offering price less the underwriting discounts and commissions. This option was fully exercised at the time of the IPO.

 

The underwriters are entitled to a cash underwriting discount of 3% of the gross proceeds of the initial public offering, or $2,070,000, which includes a deferred underwriting discount of $225,000 in the aggregate if the underwriters’ over-allotment option is exercised in full which will be payable to the underwriters from the amounts to be brought in by the sponsors solely in the event that we complete a business combination, subject to the terms of the underwriting agreement. Additionally, the underwriters will be entitled to a Business Combination marketing fee of 3.5% of the gross proceeds of the sale of Units in the initial public offering held in the trust account upon the completion of the initial Business Combination subject to the terms of the underwriting agreement.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information otherwise required under this item.

 

Item 4. Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal quarter ended June 30, 2021, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on this evaluation, our principal executive officer and principal financial officer has concluded that during the period covered by this report, our disclosure controls and procedures were effective.

 

20 

 

 

Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

Changes in Internal Control over Financial Reporting

 

There was no change in our internal control over financial reporting that occurred during the fiscal quarter ended June 30, 2021 covered by this Quarterly Report on Form 10-Q that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting, other than as discussed in the following paragraph.

 

During September 2021, the Company engaged an outsourced bookkeeping and financial reporting firm to assist it with its accounting books and preparation of its periodic financial statements, including the accompanying financial statements as of and for the period ended June 30, 2021.

 

21 

 

 

PART II—OTHER INFORMATION

 

Item 1. Legal Proceedings

 

None.

 

Item 1A. Risk Factors

 

None.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

 

In February 2021, the Sponsors subscribed for 2,875,000 shares of the Company’s common stock (the “Founder Shares”) for $28,750, or $0.01 per share, in connection with formation. In June 2021, 1,437,500 shares of the Founder Shares were re-purchased by the Company for a total of $14,375. In connection with the upsize of the IPO, on September 10, 2021, an additional 287,500 Founder Shares were issued via a 20% stock dividend, resulting in total Founder Shares outstanding of 1,725,000. All share amounts and related figures have been retroactively adjusted (see Note 8).

 

Issuer Purchase of Equity Securities:

 

   (a)
Total number of shares (or units) purchased
  (b)
Average price paid per share (or unit)
  (c)
Total number of shares (or units) purchased as part of publicly announced plans or programs
  (d)
Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs
 April 1-30, 2021                   
 May 1-31, 2021                   
 June 1-30, 2021    1,437,500(1)  $0.01         
 Total    1,437,500   $0.01         

 

(1) The Company initially issued 2,875,000 Founder Shares in exchange for $28,750. In connection with the reduction in size of the offering, the Company repurchased 1,437,500 Founder Shares at a per share price of $0.01.

 

Item 3. Defaults Upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

None.

 

22 

 

 

Item 5. Other Information

 

None.

 

Item 6. Exhibits

 

 

Exhibit
Number
  Description  
3.1   Amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed September 15, 2021.
     
4.1   Specimen Unit Certificate (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement on Form S-1 filed with the SEC on February 19, 2021).
     
4.2   Specimen Common Stock Certificate (incorporated by reference to Exhibit 4.2 to the Company’s Registration Statement on Form S-1 filed with the SEC on February 19, 2021).
     
4.3   Specimen Warrant Certificate (incorporated by reference to Exhibit 4.3 to the Company’s Registration Statement on Form S-1 filed with the SEC on February 19, 2021).
     
4.4   Warrant Agreement, dated as of September 10, 2021, by and between the Company and Continental Stock Transfer & Trust Company, LLC as warrant agent, (incorporated by reference Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the SEC on September 15, 2021).
     
4.5   Rights Agreement, dated as of September 10, 2021, by and between the Company and Continental Stock Transfer & Trust Company, LLC as rights agent, (incorporated by reference Exhibit 4.2 to the Company’s Current Report on Form 8-K filed with the SEC on September 15, 2021).
     
4.6   Specimen Right Certificate (incorporated by reference to Exhibit 4.5 to the Company’s Registration Statement on Form S-1 filed with the SEC on February 19, 2021).
     
10.1   Letter Agreement, dated September 10, 2021, by and among the Company and its officers, directors, and the sponsors, (incorporated by reference Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on September 15, 2021).
     
10.2   Investment Management Trust Agreement, dated as of September 10, 2021, by and between the Company and Continental Stock Transfer & Trust Company, LLC as trustee (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on September 15, 2021).
     
10.3   Registration Rights Agreement, dated as of September 10, 2021, by and among the Company, the Sponsor and certain security holders (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the SEC on July 30. 2021).
     
10.4   Administrative Support Agreement, dated September 10, 2021, by and between the Company and Bannix Management (incorporated by reference to Exhibit to 10.4 to the Company’s Current Report on Form 8-K filed with the SEC on September 15, 2021).
     
10.5   Form of Indemnity Agreement, each dated as of September 10, 2021, by and between the Company and each of the officers and directors of the Company, (incorporated by reference to Exhibit 10.5 to the Company’s Current Report on Form 8-K filed with the SEC on September 15, 2021).
     
31.1*   Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
31.2*   Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
32.1**   Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
     
32.2**   Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
     
101.INS*   XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
     
101.SCH*   XBRL Taxonomy Extension Schema Document
     
101.CAL*   XBRL Taxonomy Extension Calculation Linkbase Document
     
101.DEF*   XBRL Taxonomy Extension Definition Linkbase Document
     
101.LAB*   XBRL Taxonomy Extension Label Linkbase Document
     
101.PRE*   XBRL Taxonomy Extension Presentation Linkbase Document
     
104*   Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

 

*Filed herewith.

 

**These certifications are furnished to the SEC pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

 

23 

 

 

SIGNATURE

 

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.

     
  BANNIX ACQUISITION CORP.
     
Date: October 20, 2021 By: /s/ Subash Menon
  Name: Subash Menon
  Title: Chief Executive Officer
    (Principal Executive Officer)

 

Date: October 20, 2021 By:  /s/ Nicholos Hellyer
  Name: Nicholos Hellyer
  Title: Chief Financial Officer
    (Principal Financial Officer)

 

24

 

 

EX-31.1 2 ex31_1.htm

 

 

Exhibit 31.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT TO RULE 13A-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Subash Menon, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of Bannix Acquisition Corp.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

 

  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

 

  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: October 20, 2021

 

  /s/ Subash Menon
  Subash Menon
  Chief Executive Officer
  (Principal executive officer)

 

 

 

EX-31.2 3 ex31_2.htm

 

 

Exhibit 31.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER
PURSUANT TO RULE 13A-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934,
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Nicholos Hellyer, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of Bannix Acquisition Corp.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

 

  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

 

  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: October 20, 2021

 

  /s/ Nicholos Hellyer
  Nicholos Hellyer
  Chief Financial Officer

 

 

 

EX-32.1 4 ex32_1.htm

 

 

Exhibit 32.1

 

CERTIFICATIONS PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Bannix Acquisition Corp. (the “Company”) on Form 10-Q for the quarter ended June 30, 2021 as filed with the Securities and Exchange Commission (the “Report”), the undersigned, in the capacities and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

Date: October 20, 2021

 

  /s/ Subash Menon
  Subash Menon
  Chief Executive Officer
  (Principal Executive Officer)

 

 

 

EX-32.2 5 ex32_2.htm

 

 

Exhibit 32.2

 

CERTIFICATIONS PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Bannix Acquisition Corp. (the “Company”) on Form 10-Q for the quarter ended June 30, 2021 as filed with the Securities and Exchange Commission (the “Report”), the undersigned, in the capacities and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

Date: October 20, 2021

 

   /s/ Nicholos Hellyer
  Nicholos Hellyer
  Chief Financial Officer
  (Principal Financial Officer)

 

 

 

EX-101.SCH 6 bnixu-20210630.xsd XBRL SCHEMA FILE 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - UNAUDITED CONDENSED BALANCE SHEET link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - UNAUDITED CONDENSED BALANCE SHEET (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - UNAUDITED CONDENSED STATMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - UNAUDITED CONDENSED STATEMENT OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Organization and Business Operations link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Initial Public Offering link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Private Placement link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Warrant Liability link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Stockholders’ Equity link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Organization and Business Operations (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 bnixu-20210630_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 bnixu-20210630_def.xml XBRL DEFINITION FILE EX-101.LAB 9 bnixu-20210630_lab.xml XBRL LABEL FILE Class of Stock [Axis] Common Stock [Member] Warrants Units Rights [Member] Equity Components [Axis] Retained Earnings [Member] Treasury Stock [Member] Statement [Table] Statement [Line Items] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] Statement of Financial Position [Abstract] ASSETS Current Assets Cash Total current assets Deferred offering costs Total Assets LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities Accrued offering costs and expenses Due to related parties Loans payable – Sponsors Promissory note - related party Total current liabilities Commitments and Contingencies (Note 6) Stockholders’ Equity Common stock, par value $0.01; authorized 10,000,000 shares; issued 3,162,500; 1,725,000 shares outstanding (excluding 1,437,500 Treasury Stock shares)(1) Accumulated deficit Less Treasury Stock; at cost, 1,437,500 shares Total stockholders’ equity Total Liabilities and Stockholders’ Equity Common stock, par value Common stock, authorized Common stock, issued Common stock, outstanding Treasury Stock, Shares Income Statement [Abstract] Formation and operating costs Net loss Basic and diluted weighted average shares outstanding (1) Basic and diluted net loss per share Beginning balance, value Beginning balance, shares Issuance of common stock to Sponsors Issuance of common stock to Sponsors, shares Net loss Purchase of common stock from Sponsors Ending balance, value Ending balance, shares Statement of Cash Flows [Abstract] Net loss Changes in operating assets and liabilities: Accounts payable – Sponsors Net cash used in operating activities Cash Flows from Financing Activities: Proceeds from sale of common stock to Sponsors Deferred offering costs Loans from Sponsors Promissory note payable to Sponsor Net cash provided by financing activities Net change in cash Cash, January 21, 2021 (inception) Cash, end of the period Supplemental disclosure of cash flow information: Repurchase of treasury stock included in due to related parties Repurchase of treasury stock included in loans payable - Sponsors Deferred offering costs paid by Sponsor Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Business Operations Accounting Policies [Abstract] Significant Accounting Policies Initial Public Offering Initial Public Offering Private Placement Private Placement Related Party Transactions [Abstract] Related Party Transactions Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Temporary Equity Disclosure [Abstract] Warrant Liability Equity [Abstract] Stockholders’ Equity Subsequent Events [Abstract] Subsequent Events Basis of Presentation Emerging Growth Company Status Use of Estimates Concentration of Credit Risk Deferred Offering Costs Fair Value of Financial Instruments Fair Value of Warrant Liability Net Loss Per Share Income Taxes Recent Accounting Pronouncements Working capital deficit Assets, Current Assets Liabilities, Current Treasury Stock, Value Stockholders' Equity Attributable to Parent Liabilities and Equity Net Income (Loss) Attributable to Parent Shares, Outstanding Net Cash Provided by (Used in) Operating Activities Deferred Finance Costs, Own-share Lending Arrangement, Issuance Costs, Adjustment LoansFromSponsors Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations InitialPublicOfferingTextBlock PrivatePlacementTextBlock Stockholders' Equity Note Disclosure [Text Block] EX-101.PRE 10 bnixu-20210630_pre.xml XBRL PRESENTATION FILE XML 11 bannix_2q21_htm.xml IDEA: XBRL DOCUMENT 0001845942 2021-01-01 2021-06-30 0001845942 us-gaap:CommonStockMember 2021-01-01 2021-06-30 0001845942 BNIXU:WarrantsMember 2021-01-01 2021-06-30 0001845942 BNIXU:UnitsMember 2021-01-01 2021-06-30 0001845942 us-gaap:RightsMember 2021-01-01 2021-06-30 0001845942 2021-10-20 0001845942 2021-06-30 0001845942 2021-04-01 2021-06-30 0001845942 2021-01-21 2021-06-30 0001845942 us-gaap:CommonStockMember 2021-01-21 0001845942 us-gaap:RetainedEarningsMember 2021-01-21 0001845942 us-gaap:TreasuryStockMember 2021-01-21 0001845942 2021-01-21 0001845942 us-gaap:CommonStockMember 2021-01-22 2021-03-31 0001845942 us-gaap:RetainedEarningsMember 2021-01-22 2021-03-31 0001845942 us-gaap:TreasuryStockMember 2021-01-22 2021-03-31 0001845942 2021-01-22 2021-03-31 0001845942 us-gaap:CommonStockMember 2021-03-31 0001845942 us-gaap:RetainedEarningsMember 2021-03-31 0001845942 us-gaap:TreasuryStockMember 2021-03-31 0001845942 2021-03-31 0001845942 us-gaap:CommonStockMember 2021-04-01 2021-06-30 0001845942 us-gaap:RetainedEarningsMember 2021-04-01 2021-06-30 0001845942 us-gaap:TreasuryStockMember 2021-04-01 2021-06-30 0001845942 us-gaap:CommonStockMember 2021-06-30 0001845942 us-gaap:RetainedEarningsMember 2021-06-30 0001845942 us-gaap:TreasuryStockMember 2021-06-30 0001845942 2021-01-20 iso4217:USD shares iso4217:USD shares 0001845942 false --12-31 2021 Q2 10-Q true 2021-06-30 false BANNIX ACQUISITION CORP. DE 001-40790 86-1626016 300 Tice Boulevard Suite 315 Woodcliff Lake NJ 07677 (201) 712-9800 Common Stock BNIX NASDAQ Warrants BNIXW NASDAQ Units BNIXU NASDAQ Rights BNIXR NASDAQ No Yes Non-accelerated Filer true true false true 9424000 1008193 1008193 162595 1170788 5200 7910 844519 300000 1157629 0.01 10000000 3162500 1725000 31625 -4091 1437500 14375 13159 1170788 183 1216 -183 -1216 2835165 2585615 -0.00 -0.00 3162500 31625 -2875 28750 -1033 -1033 3162500 31625 -3908 27717 -14375 -14375 -183 -183 3162500 31625 -4091 -14375 13159 -1216 910 -306 28750 107395 -787144 300000 1008499 1008193 1008193 7000 7375 50000 <p id="xdx_802_eus-gaap--NatureOfOperations_z7jFwvMzJzO3" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Note 1—<span id="xdx_826_z10DuYtmcrdf">Organization and Business Operations</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Organization and General</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Bannix Acquisition Corp. (the “Company”) is a newly organized blank check company incorporated in the state of Delaware on January 21, 2021. The Company was formed for the purpose of effecting mergers, capital stock exchange, asset acquisitions, stock purchases, reorganization or similar business combinations with one or more businesses (“Business Combination”). The Company has not selected any specific Business Combination target and the Company has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any Business Combination target with respect to the Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company has selected December 31 as its fiscal year end.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">As of June 30, 2021, the Company had not commenced any operations. All activity for the period from January 21, 2021 (inception) through June 30, 2021 relates to the Company’s formation and the initial public offering (the “IPO”) (as defined below). The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the IPO. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>Financing</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company’s sponsors are Subash Menon and Sudeesh Yezhuvath (through their investment entity Bannix Management LLP), Suresh Yezhuvath (“Yezhuvath”) and Seema Rao (“Rao”) (the “Sponsors”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The registration statements for the Company’s IPO was declared effective on September 9, 2021 and September 10, 2021 (the “Effective Date”). On September 14, 2021, the Company consummated its IPO of 6,900,000 units at $10.00 per unit (the “Units”), which is discussed in Note 3. Each Unit consists of one share of common stock (the “Public Shares”), one redeemable warrant to purchase one share of common stock at a price of $11.50 per share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of the Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Concurrent with the IPO, the Company consummated the issuance of 406,000 private placement units (the “Private Placement Units”) as follows: the Company sold 181,000 Private Placement Units to certain investors for aggregate cash proceeds of $2,460,000 and issued an additional 225,000 private placement units to the Sponsor in exchange for the cancellation of $1,105,000 in loans and a promissory note due to them (see Note 5). Each Private Placement Unit consists of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per whole share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of the Business Combination. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and the Private Placement Units, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Transaction costs incurred related to the IPO were $5,490,800, consisting of $1,845,000 in underwriter’s discount paid at the time of the offering, $225,000 in underwriting expense to be paid in the future, $2,861,040 in fair value of representative shares to the underwriters and $559,760 in other offering costs. Of the total incurred, $463,377 was allocated to the warrants and charged to expense and $5,027,423 was charged to equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>Trust Account</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Following the closing of the IPO on September 14, 2021, an amount of $69,690,000 ($10.10 per Unit) from the net proceeds of the sale of the Units in the IPO and Private Placement Units was placed in a trust account (the “Trust Account”) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its franchise and income tax obligations (less up to $100,000 of interest to pay dissolution expenses), the proceeds from this offering and the sale of the Private Placement Units will not be released from the Trust Account until the earliest of (a) the completion of the Company’s initial Business Combination, (b) the redemption of any Public Shares properly submitted in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation, and (c) the redemption of the Company’s Public Shares if the Company is unable to complete the initial Business Combination within 15 months from the closing of this offering, or within any period of extension, subject to applicable law. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s public stockholders.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b>Initial Business Combination</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has 15 months from the closing of the offering to consummate the initial Business Combination. However, if the Company anticipates that it may not be able to consummate the initial Business Combination within 15 months, the Company may, by resolution of the board if requested by the initial stockholders, extend the period of time to consummate a Business Combination up to two times, each by an additional three months (for a total of up to 21 months to complete a Business Combination) (the “Combination Period”), subject to the Sponsors depositing additional funds into the Trust Account as set out below. Pursuant to the terms of the bylaws and the trust agreement entered into between the Company and Continental Stock Transfer &amp; Trust Company on the date of this prospectus, in order to extend the time available for the Company to consummate the initial Business Combination, the Sponsors, upon five days advance notice prior to the applicable deadline, must deposit into the Trust Account for each three-month extension, $690,000 ($0.10 per share in either case) on or prior to the date of the applicable deadline, up to an aggregate of $1,380,000, or approximately $0.20 per share. In the event that the Company receives notice from the Sponsors five days prior to the applicable deadline of its wish for the Company to effect an extension, the Company intends to issue a press release announcing such intention at least three days prior to the applicable deadline. In addition, the Company intends to issue a press release the day after the applicable deadline announcing whether or not the funds had been timely deposited. The Sponsors and its affiliates or designees are not obligated to fund the Trust Account to extend the time for the Company to complete the initial Business Combination. If the Company is unable to consummate the initial Business Combination within the applicable time period, the Company will, promptly but not more than ten business days thereafter, redeem the Public Shares for a pro rata portion of the funds held in the Trust Account and promptly following such redemption, subject to the approval of the remaining stockholders and the board of directors, dissolve and liquidate, subject in each case to the obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. In such event, the rights and warrants will be worthless. Additionally, pursuant to Nasdaq rules, any initial Business Combination must be approved by a majority of the independent directors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company anticipates structuring the initial Business Combination so that the post-transaction company in which the public stockholders own shares will own or acquire substantially all of the equity interests or assets of the target business or businesses. The Company may, however, structure the initial Business Combination such that the post-transaction company owns or acquires less than substantially all of such interests or assets of the target business in order to meet certain objectives of the target management team or stockholders or for other reasons, but the Company will only complete such Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, the stockholders prior to the initial Business Combination may collectively own a minority interest in the post-transaction company, depending on valuations ascribed to the target and the Company in the Business Combination transaction. For example, the Company could pursue a transaction in which the Company issue a substantial number of new shares in exchange for all of the outstanding capital stock of shares or other equity interests. In this case, the Company would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares, the stockholders immediately prior to the initial Business Combination could own less than a majority of the outstanding shares subsequent to the initial Business Combination. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be valued for purposes of the 80% of net assets test. If the initial Business Combination involves more than one target business, the 80% of net assets test will be based on the aggregate value of all of the target businesses even if the acquisitions of the target businesses are not closed simultaneously.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although the Company believes that the net proceeds of the offering will be sufficient to allow the Company to consummate a Business Combination, because the Company has not yet identified any prospective target business, the Company cannot ascertain the capital requirements for any particular transaction. If the net proceeds of this offering prove to be insufficient, either because of the size of the Business Combination, the depletion of the available net proceeds in search of a target business, or because the Company becomes obligated to redeem a significant number of the Public Shares upon consummation of the initial Business Combination, the Company will be required to seek additional financing, in which case the Company may issue additional securities or incur debt in connection with such Business Combination. Furthermore, the Company may issue a substantial number of additional shares of common or preferred stock to complete the initial Business Combination or under an employee incentive plan upon or after consummation of the initial Business Combination. The Company does not have a maximum debt leverage ratio or a policy with respect to how much debt the Company may incur. The amount of debt the Company will be willing to incur will depend on the facts and circumstances of the proposed Business Combination and market conditions at the time of the potential Business Combination. At this time, the Company is not party to any arrangement or understanding with any third party with respect to raising additional funds through the sale of the securities or the incurrence of debt. Subject to compliance with applicable securities laws, the Company would only consummate such financing simultaneously with the consummation of the initial Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Nasdaq rules require that the initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding advisory fees and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. If the board is not able to independently determine the fair market value of the target business or businesses, the Company will obtain an opinion from an independent investment banking firm or an independent accounting firm with respect to the satisfaction of such criteria. The Company does not intend to purchase multiple businesses in unrelated industries in connection with the initial Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will provide its public stockholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial Business Combination either (i) in connection with a stockholder meeting called to approve the initial Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a proposed initial Business Combination or conduct a tender offer will be made by the Company, solely at its discretion. The stockholders will be entitled to redeem their shares for a pro rata portion of the amount then on deposit in the Trust Account (initially approximately $10.10 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The initial carrying value of the common stock subject to redemption is recorded at an amount equal to the proceeds of the public offering less (i) the fair value of the public warrants and less (ii) offering costs allocable to the common stock sold as part of the units in the IPO. Such initial carrying value is classified as temporary equity upon the completion of the IPO, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.”</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s amended and restated certificate of incorporation provides that in no event will it redeem the public shares in an amount that would cause the Company’s net tangible assets to be less than $5,000,001 both immediately before and after the consummation of the Business Combination (so that the Company is not subject to the SEC’s “penny stock” rules). Redemptions of the Company’s public shares may also be subject to a higher net tangible asset test or cash requirement pursuant to an agreement relating to the Business Combination. For example, the Business Combination may require: (i) cash consideration to be paid to the target or its owners, (ii) cash to be transferred to the target for working capital or other general corporate purposes or (iii) the retention of cash to satisfy other conditions in accordance with the terms of the Business Combination. In the event the aggregate cash consideration the Company would be required to pay for all shares of common stock that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the Business Combination exceed the aggregate amount of cash available to the Company, it will not complete the Business Combination or redeem any shares, and all shares of common stock submitted for redemption will be returned to the holders thereof.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Sponsors, officers and directors and Representative (as defined in Note 6) have agreed to (i) waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of the initial Business Combination, (ii) waive their redemption rights with respect to their Founder Shares (as defined below) and Public Shares in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation, and (iii) waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete the initial Business Combination within the Combination Period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s Sponsors have agreed that they will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.10 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.10 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of this offering against certain liabilities, including liabilities under the Securities Act. However, the Company has not asked its Sponsors to reserve for such indemnification obligations, nor has the Company independently verified whether its Sponsors have sufficient funds to satisfy its indemnity obligations and believe that the Company’s Sponsors’ only assets are securities of the Company. Therefore, the Company cannot assure that its Sponsors would be able to satisfy those obligations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>Liquidity and Capital Resources</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2021, the Company had $<span id="xdx_90B_eus-gaap--Cash_iI_c20210630_zQAzV15C5cI5">1,008,193</span> in cash and a working capital deficit of $<span id="xdx_90F_ecustom--WorkingCapitalDeficit_iI_c20210630_z2Xw0JCNqX98" title="Working capital deficit">149,436</span> (excluding deferred offering costs).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s liquidity needs up to June 30, 2021 had been satisfied through a capital contribution from the Sponsors of $28,750 for common stock (“Founder Shares”) and from loans from Sponsors and related parties in order to pay offering costs. In addition, in order to finance transaction costs in connection with a Business Combination, the Company’s Sponsors or an affiliate of the Sponsors or certain of the Company’s officers and directors may, but are not obligated to, provide the Company Working Capital Loans. As of June 30, 2021, there was $1,152,429 owed to Sponsors and related parties and no other amounts outstanding under any Working Capital, Sponsor or related party loans. See Note 5 for further disclosure of Sponsor and related party loans.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">After consummation of the IPO on September 14, 2021, the Company had approximately $540,000 in its operating bank account, and working capital of approximately $600,000.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><b>Risks and Uncertainties</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Management is currently evaluating the impact of the COVID-19 pandemic on the Company and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> 1008193 149436 <p id="xdx_80A_eus-gaap--BusinessDescriptionAndAccountingPoliciesTextBlock_zyCZOuEQzPv4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Note 2—<span id="xdx_82D_zfoF1a7xK8L7">Significant Accounting Policies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p> <p id="xdx_84C_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zioZLzCZcx3" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b><span id="xdx_860_zfCpZ1ougVyh">Basis of Presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The accompanying financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America for interim financial information (“US GAAP”) and pursuant to Rule 8-03 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the period presented. Operating results for the period from</span> January 21, 2021 (inception) through June 30, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed financial statements should be read in conjunction with the audited balance sheet and notes thereto included in the Form 8-K and the audited financial statements and notes thereto included in the final prospectus filed by the Company with the SEC on September 20, 2021 and September 13, 2021, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_849_ecustom--EmergingGrowthCompanyStatusPolicyTextBlock_zgNImVd3J6k3" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b><span id="xdx_86B_znsJejxvVgX1">Emerging Growth Company Status</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_843_eus-gaap--UseOfEstimates_z4s8huZmT8w1" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="xdx_86E_zfjM0Ah3ha6i">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The preparation of </span>these unaudited condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zfMWnKChNj4c" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><b><span id="xdx_86E_zECmVQJu8Kpe">Concentration of Credit Risk</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. As of June 30, 2021, approximately $750,000 was held in excess of insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_841_ecustom--DeferredOfferingCostPolicyTextBlock_zw5XGCaavlQ9" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="background-color: white"><b><span id="xdx_866_zxWyq1xURnB6">Deferred Offering Costs</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company complies with the requirements of ASC Subtopic 340-10-S99-1, “Expenses of Offering.” Offering costs consist of legal, accounting, underwriting fees and other costs incurred through June 30, 2021 that were directly related to the IPO. Upon consummation of the IPO, offering costs were allocated to the separable financial instruments issued in the IPO on a relative fair value basis compared to total proceeds received. Offering costs associated with warrant liabilities were expensed as incurred and presented as non-operating expenses in the statement of operations. Offering costs associated with the shares of common stock were charged to temporary equity (common stock subject to possible redemption) upon the completion of the IPO.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_84A_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zHGiZzNYe0gb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86D_z0BsoYzB4Gql">Fair Value of Financial Instruments</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The fair value of the Company’s cash and current liabilities approximates the carrying amounts represented in the accompanying balance sheet, due to their short-term nature.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Fair value is defined as the price which would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy which prioritizes the inputs used in the valuation methodologies is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_84D_ecustom--FairValueOfWarrantLiabilityPolicyTextBlock_zy1qnZ0aXuC5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><span id="xdx_867_zxauCWaNC6Zb">Fair Value of Warrant Liability</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company accounted for the 7,306,000 warrants issued in connection with the IPO and private placement in accordance with the guidance contained in ASC Topic 815, “Derivatives and Hedging” whereby under that provision, the warrants did not meet the criteria for equity treatment and were recorded as a liability. Accordingly, the Company classified the warrants as a liability at fair value in the period ended September 30, 2021 and will adjust them to fair value at each reporting period. This liability will be re-measured at each balance sheet date until the warrants are exercised or expire, and any change in fair value will be recognized in the Company’s statement of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_84A_eus-gaap--EarningsPerSharePolicyTextBlock_zNuKvt8dBZzi" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_869_zFRRtvaq6i9e">Net Loss Per Share</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Net loss per share is computed by dividing net loss by the weighted average number of shares outstanding during the period, excluding shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 225,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters (see Note 8). At June 30, 2021, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_846_eus-gaap--IncomeTaxPolicyTextBlock_zcL3ctdjMhl7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86B_zBoQr5SMjEz3">Income Taxes</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company recorded no income tax expense for the period from January 21, 2021 (inception) through June 30, 2021 because the estimated annual effective tax rate was zero. As of June 30, 2021, the Company provided a valuation allowance against its net deferred tax assets since the Company believes it is likely that its deferred tax assets will not be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_848_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zlMrkWPdj2pf" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b><span id="xdx_869_zNeJslzrnY8e">Recent Accounting Pronouncements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, Debt — “Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity” (Subtopic 815-40) (“ASU 2020-06”) to simplify accounting for certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the if-converted method for all convertible instruments. ASU 2020-06 is effective January 1, 2022 and should be applied on a full or modified retrospective basis, with early adoption permitted beginning on January 1, 2021. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.</p> <p id="xdx_85E_zu7OJta5vce6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_84C_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zioZLzCZcx3" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b><span id="xdx_860_zfCpZ1ougVyh">Basis of Presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The accompanying financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America for interim financial information (“US GAAP”) and pursuant to Rule 8-03 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the period presented. Operating results for the period from</span> January 21, 2021 (inception) through June 30, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed financial statements should be read in conjunction with the audited balance sheet and notes thereto included in the Form 8-K and the audited financial statements and notes thereto included in the final prospectus filed by the Company with the SEC on September 20, 2021 and September 13, 2021, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_849_ecustom--EmergingGrowthCompanyStatusPolicyTextBlock_zgNImVd3J6k3" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b><span id="xdx_86B_znsJejxvVgX1">Emerging Growth Company Status</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_843_eus-gaap--UseOfEstimates_z4s8huZmT8w1" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="xdx_86E_zfjM0Ah3ha6i">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The preparation of </span>these unaudited condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zfMWnKChNj4c" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><b><span id="xdx_86E_zECmVQJu8Kpe">Concentration of Credit Risk</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. As of June 30, 2021, approximately $750,000 was held in excess of insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_841_ecustom--DeferredOfferingCostPolicyTextBlock_zw5XGCaavlQ9" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="background-color: white"><b><span id="xdx_866_zxWyq1xURnB6">Deferred Offering Costs</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company complies with the requirements of ASC Subtopic 340-10-S99-1, “Expenses of Offering.” Offering costs consist of legal, accounting, underwriting fees and other costs incurred through June 30, 2021 that were directly related to the IPO. Upon consummation of the IPO, offering costs were allocated to the separable financial instruments issued in the IPO on a relative fair value basis compared to total proceeds received. Offering costs associated with warrant liabilities were expensed as incurred and presented as non-operating expenses in the statement of operations. Offering costs associated with the shares of common stock were charged to temporary equity (common stock subject to possible redemption) upon the completion of the IPO.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_84A_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zHGiZzNYe0gb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86D_z0BsoYzB4Gql">Fair Value of Financial Instruments</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The fair value of the Company’s cash and current liabilities approximates the carrying amounts represented in the accompanying balance sheet, due to their short-term nature.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Fair value is defined as the price which would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy which prioritizes the inputs used in the valuation methodologies is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_84D_ecustom--FairValueOfWarrantLiabilityPolicyTextBlock_zy1qnZ0aXuC5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><span id="xdx_867_zxauCWaNC6Zb">Fair Value of Warrant Liability</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company accounted for the 7,306,000 warrants issued in connection with the IPO and private placement in accordance with the guidance contained in ASC Topic 815, “Derivatives and Hedging” whereby under that provision, the warrants did not meet the criteria for equity treatment and were recorded as a liability. Accordingly, the Company classified the warrants as a liability at fair value in the period ended September 30, 2021 and will adjust them to fair value at each reporting period. This liability will be re-measured at each balance sheet date until the warrants are exercised or expire, and any change in fair value will be recognized in the Company’s statement of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_84A_eus-gaap--EarningsPerSharePolicyTextBlock_zNuKvt8dBZzi" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_869_zFRRtvaq6i9e">Net Loss Per Share</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Net loss per share is computed by dividing net loss by the weighted average number of shares outstanding during the period, excluding shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 225,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters (see Note 8). At June 30, 2021, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_846_eus-gaap--IncomeTaxPolicyTextBlock_zcL3ctdjMhl7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86B_zBoQr5SMjEz3">Income Taxes</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company recorded no income tax expense for the period from January 21, 2021 (inception) through June 30, 2021 because the estimated annual effective tax rate was zero. As of June 30, 2021, the Company provided a valuation allowance against its net deferred tax assets since the Company believes it is likely that its deferred tax assets will not be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_848_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zlMrkWPdj2pf" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b><span id="xdx_869_zNeJslzrnY8e">Recent Accounting Pronouncements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, Debt — “Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity” (Subtopic 815-40) (“ASU 2020-06”) to simplify accounting for certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the if-converted method for all convertible instruments. ASU 2020-06 is effective January 1, 2022 and should be applied on a full or modified retrospective basis, with early adoption permitted beginning on January 1, 2021. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.</p> <p id="xdx_808_ecustom--InitialPublicOfferingTextBlock_zeWkuoncNucc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Note 3— <span id="xdx_82D_z2l61Tis68jd">Initial Public Offering</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">On September 14, 2021, the Company consummated its IPO and sold 6,900,000 Units at a purchase price of $10.00 per Unit, which was inclusive of the underwriters’ full exercise of their over-allotment option, generating gross proceeds of $69,000,000. Each Unit that the Company sold had a price of $10.00 and consisted of one share of common stock, one warrant to purchase one share of common stock and one right. Each warrant will entitle the holder to purchase one share of common stock at a price of $11.50 per share, subject to adjustment. Each warrant will become exercisable on the later of the completion of the initial Business Combination or 12 months from the closing of the offering and will expire five years after the completion of the initial Business Combination, or earlier upon redemption or liquidation. Each right entitles the holder to buy one tenth of one share of common stock. The common stock, warrants and rights comprising the Units will begin separate trading on the 52nd day following September 13, 2021, the date of the filing of the final prospectus unless the underwriters, I-Bankers Securities, Inc., inform the Company of their decision to allow earlier separate trading, subject to the Company’s having filed the Current Report on Form 8-K with the accompanying audited balance sheet and having issued a press release announcing when such separate trading will begin. At the time that the common stock, warrants and rights comprising the Units begin separate trading, holders will hold the separate securities and no longer hold Units (without any action needing to be taken by the holders), and the Units will no longer trade.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_800_ecustom--PrivatePlacementTextBlock_zWRGtLUXItm5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>Note 4—<span id="xdx_822_zOuAehQRKPPb">Private Placement</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Simultaneously with the closing of the IPO and the sale of the Units, the Company sold 181,000 Private Placement Units to certain investors for aggregate cash proceeds of $2,460,000 and issued an additional 225,000 Private Placement Units to a Sponsor in exchange for the cancellation of $1,105,000 in loans and a promissory note due to them. Each Private Placement Unit consisted of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per whole share and one right.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_80F_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_z7UBG0Ra4KKa" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Note 5—<span id="xdx_825_zyA9OHNqmLj3">Related Party Transactions</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b>Founder Shares</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In February 2021, the Sponsors subscribed for 2,875,000 shares of the Company’s common stock (the “Founder Shares”) for $28,750, or $0.01 per share, in connection with formation. In June 2021, 1,437,500 shares of the Founder Shares were re-purchased by the Company for a total of $14,375. In connection with the upsize of the IPO, on September 10, 2021, an additional 287,500 Founder Shares were issued via a 20% stock dividend, resulting in total Founder Shares outstanding of 1,725,000. All share amounts and related figures have been retroactively adjusted (see Note 8).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Sponsors have agreed not to transfer, assign or sell the Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) the date on which the Company completes a liquidation, merger, stock exchange or other similar transaction after the initial Business Combination that results in all of the public stockholders having the right to exchange their shares of common stock for cash, securities or other property. The Company refers to such transfer restrictions as the “lock-up”. Notwithstanding the foregoing, if the last sale price of the common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, the Founder Shares will be released from the lock-up.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Promissory Note—Sponsor </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">On February 15, 2021, the Company issued an unsecured promissory note to Yezhuvath, as and when required, pursuant to which the Company may borrow up to an aggregate principal amount of $300,000 to be used for a portion of the expenses of this offering. This note is non-interest bearing and unsecured. As of June 30, 2021, all $300,000 of the note was drawn down and it was repaid upon the closing of this IPO through the issuance of 30,000 Private Placement Units.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b>Working Capital Loans – Sponsors</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In order to finance transaction costs in connection with a Business Combination, the Sponsors or an affiliate of the Sponsors or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. If the Company completes a Business Combination, the Company would repay the loans out of the proceeds of the Trust Account released to the Company. Otherwise, the loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the loans but no proceeds from the Trust Account would be used to repay the loans.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company entered into a loan agreement with Yezhuvath with the following terms:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%"> </td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif">1.</span></td> <td style="width: 90%; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The Company can borrow up to $805,000 under the loan agreement.</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">2.</span></td> <td style="text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Advances under the loan agreement are unsecured and do not bear interest.</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">3.</span></td> <td style="text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Following the consummation of the IPO, the loan was repaid/forfeited as follows:</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 10%"> </td> <td style="width: 5%"><span style="font: 10pt Times New Roman, Times, Serif">a.</span></td> <td style="width: 85%; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Against the first $1,030,000 of the note and loan agreement (inclusive of the $300,000 note discussed above), 210,000 Private Placement Units were issued.</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">b.</span></td> <td style="text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Against the next $75,000 of loan, 15,000 Private Placement Units were issued.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Yezhuvath has agreed to make an additional loan to the Company of $225,000 pursuant to the exercise of the over-allotment which would only be drawn down at the time of the Business Combination. The proceeds would be used to pay a portion of the incremental underwriting discount on the over-allotment shares which the underwriter has agreed to defer the receipt of until a Business Combination is consummated. Yezhuvath has agreed to forgive this amount without any additional securities being issued against it.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">On April 12, 2021, the Company entered into a loan agreement with Rao for an amount of $270,000. The loan does not bear interest and is unsecured. In connection with the successful IPO, the loan was forfeited and not repaid by the Company and was considered a capital contribution without any additional securities being issued.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b>Due to Related Parties</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The balance in Due to Related Parties totaling $7,910 consists of the following transactions:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 42px"> </td> <td style="width: 24px"><span style="font: 10pt Times New Roman, Times, Serif">1.</span></td> <td style="text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Subash Menon paid expenses on behalf of the Company. As of June 30, 2021, the Company owed him $910 for such expenses.</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">2.</span></td> <td style="text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">As a result of a change in the size of the offering, the Company agreed to repurchase 700,000 shares of common stock from Bannix Management LLP for total consideration of $7,000 (see Note 8).</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b>Administrative Support Agreement</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Commencing on the date of the IPO, the Company has agreed to pay an affiliate of the Sponsor for office space, secretarial and administrative services provided to members of the management team, in the amount of $5,000 per month. Upon completion of the initial Business Combination or the Company’s liquidation, it will cease paying these monthly fees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_808_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zgBYdM6k1GIe" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Note 6—<span id="xdx_820_zl8oim9ctUJ7">Commitments and Contingencies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b>Registration Rights</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The holders of the Founder Shares, Private Placement Units and warrants that may be issued upon conversion of related party loans will have registration rights to require the Company to register a sale of any of its securities held by them pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. These holders will be entitled to make up to three demands, excluding short form registration demands, that the Company registers such securities for sale under the Securities Act. In addition, these holders will have “piggy-back” registration rights to include their securities in other registration statements filed by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Underwriters Agreement</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company granted the underwriters a 30-day option from the date of the IPO to purchase up to an additional 900,000 Units to cover over-allotments, which it fully exercised on the date of the IPO.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The underwriters are entitled to a cash underwriting discount of 3% of the gross proceeds of the IPO, or an aggregate of $2,070,000. Of this amount, $225,000 will be payable to the underwriters by a Sponsor solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Additionally, the underwriters are entitled to a Business Combination marketing fee of 3.5% of the gross proceeds of the sale of Units in the IPO upon the completion of the Company’s initial Business Combination subject to the terms of the underwriting agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company issued the underwriter (and/or its designees) (the “Representative”) 393,000 shares of common stock for $0.01 per share (the “Representative Shares”) upon the consummation of the IPO. The Company accounted for the estimated fair value ($2,861,000) of the Representative Shares as an offering cost of the IPO and allocated such cost against temporary equity for the amount allocated to the redeemable shares and to expense for the allocable portion relating to the warrant liability. These shares of common stock issued to the underwriter are subject to an agreement in which the underwriter has agreed (i) not to transfer, assign or sell any such shares until the completion of the Business Combination. In addition, the underwriter (and/or its designees) has agreed (i) to waives its redemption rights with respect to such shares in connection with the completion of the Business Combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if it fails to complete the Business Combination within 15 months from the closing of the IPO. Accordingly, the fair value of such shares is included in stockholders’ equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_80C_eus-gaap--TemporaryEquityTableTextBlock_zpVwQV5OeToj" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Note 7 — <span id="xdx_82D_z75a1fEKMQIa">Warrant Liability</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font: 10pt Times New Roman, Times, Serif">The Company accounted for the 7,306,000 warrants issued in connection with the IPO and private placement in accordance with the guidance contained in ASC Topic 815, “Derivatives and Hedging” whereby under that provision, the warrants did not meet the criteria for equity treatment and were recorded as a liability. Accordingly, the Company classified the warrants as a liability at fair value, at the IPO date, and will adjust them to fair value at each reporting period. This liability will be re-measured at each balance sheet date until the warrants are exercised or expire, and any change in fair value will be recognized in the Company’s statement of operations. The fair value of the public warrants was estimated using the Monte Carlo simulation model. The fair value of the private warrants was estimated using a modified Black-Scholes model. The valuation models utilize inputs such as assumed share prices, volatility, discount factors and other assumptions and may not be reflective of the price at which they can be settled. Such warrant classification is also subject to re-evaluation at each reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Each whole warrant entitles the holder to purchase one share of the Company’s common stock at a price of $11.50 per share, subject to adjustment as discussed herein. In addition, if (x) the Company issues additional shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Company’s Sponsors or its affiliates, without taking into account any Founder Shares held by the Company’s Sponsors or its affiliates, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates the initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Value, and the $18.00 per share redemption trigger price described below under “Redemption of warrants” will be adjusted (to the nearest cent) to be equal to 180% of the Market Value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The warrants will become exercisable on the later of 12 months from the closing of this offering or upon completion of its initial Business Combination and will expire five years after the completion of the Company’s initial Business Combination, at 5:00 p.m., Eastern Time, or earlier upon redemption or liquidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company will not be obligated to deliver any shares of common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act with respect to the shares underlying the warrants is then effective and a prospectus is current. No warrant will be exercisable, and the Company will not be obligated to issue shares of common stock upon exercise of a warrant unless shares issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In no event will the Company be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser of a Unit containing such warrant will have paid the full purchase price for the Unit solely for the share of common stock underlying such Unit.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b>Redemption of warrants</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-indent: -18pt; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company may call the warrants for redemption (excluding the private warrants, and any warrants underlying Units issued to the Sponsors, initial stockholders, officers, directors or their affiliates in payment of related party loans made to the Company), in whole and not in part, at a price of $0.01 per warrant:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">●</span></td> <td style="width: 94%"><span style="font: 10pt Times New Roman, Times, Serif">at any time while the warrants are exercisable,</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">● </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">upon not less than 30 days prior written notice of redemption to each warrant holder,</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">● </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">if, and only if, the reported last sale price of the common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period ending on the third trading business day prior to the notice of redemption to warrant holders, and</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: center"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">● </span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">if, and only if, there is a current registration statement in effect with respect to the issuance of the shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day until the date of redemption.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 48pt; text-align: justify; text-indent: -24pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 48pt; text-align: justify; text-indent: -24pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 48pt; text-align: justify; text-indent: -24pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">If the Company calls the warrants for redemption as described above, management will have the option to require any holder that wishes to exercise its warrant to do so on a “cashless basis.” If management takes advantage of this option, all holders of warrants would pay the exercise price by surrendering their warrants for that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock underlying the warrants, multiplied by the excess of the “fair market value” (defined below) over the exercise price of the warrants by (y) the fair market value. The “fair market value” shall mean the average reported last sale price of the common stock for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">If the Company is unable to complete an initial Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_808_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_zWB3qfaYTt3j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>Note 8—<span id="xdx_82B_zVDD7d39Uq15">Stockholders’ Equity</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>Preferred Stock</i></b></span>—On September 9, 2021, the Company amended and restated its certificate of incorporation to authorize the issuance of 1,000,000 shares of preferred stock at par value of $0.01 each and with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>Common Stock</i></b></span>—The Company was authorized to issue a total of 10,000,000 shares of common stock with par value of $0.01 each. As of June 30, 2021, there were 3,162,500 shares of common stock issued and 1,725,000 shares outstanding. Each share of common stock entitles the holder to one vote. In connection with the Company’s amended and restated certificate of incorporation, authorized shares were increased to 100,000,000. As of the consummation of the Company’s IPO on September 14, 2021, there were 9,424,000 shares of common stock issued, consisting of (1) 6,900,000 shares related to the Units sold in the IPO, (2) 406,000 shares related to the Private Placement Units sold concurrently with the IPO, (3) 1,725,000 Founder Shares and (4) 393,000 Representative Shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><i>Treasury Stock</i></b>—On June 21, 2021 the Sponsors agreed to deliver the Company 1,437,500 shares of common stock beneficially owned by the Sponsors. The amount payable to Yezhuvath of $7,735 was repaid as part of the Private Placement Units issued to him (see Note 5) and the amount of $7,000 payable to Bannix Management LLP is included in Due to Related Parties as of June 30, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>Rights</i></b></span>—Except in cases where the Company is not the surviving company in the Business Combination, each holder of a right will automatically receive one-tenth (1/10) of a share of common stock upon consummation of the Business Combination, even if the holder of a right converted all shares held by him, her or it in connection with the Business Combination or an amendment to the Company’s Certificate of Incorporation with respect to its pre-Business Combination activities. In the event that the Company will not be the surviving company upon completion of the Business Combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth (1/10) of a share of common stock underlying each right upon consummation of the Business Combination. No additional consideration will be required to be paid by a holder of rights in order to receive his, her or its additional share of common stock upon consummation of Business Combination. The shares issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of the Company). If the Company enters into a definitive agreement for a Business Combination in which the Company will not be the surviving entity, the definitive agreement will provide for the holders of the rights to receive the same per share consideration the holders of shares of common stock will receive in the transaction on an as-converted into common stock basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p id="xdx_80C_eus-gaap--SubsequentEventsTextBlock_zQOhbmXQwBF9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><b>Note 9—<span id="xdx_82A_zUrlGiVXNK8h">Subsequent Events</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font: 10pt Times New Roman, Times, Serif">The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date of the filing of this report. The Company did not identify any subsequent events, other than those discussed within the notes to these unaudited condensed financial statements and noted below, that would have required adjustment or disclosure in these unaudited condensed financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">On September 10, 2021, an additional 287,500 Founder Shares were issued via a stock dividend, resulting in total Founder Shares outstanding of 1,725,000. All share amounts and related figures have been retroactively adjusted.</p> XML 12 R1.htm IDEA: XBRL DOCUMENT v3.21.2
Cover - shares
6 Months Ended
Jun. 30, 2021
Oct. 20, 2021
Document Type 10-Q  
Amendment Flag false  
Document Quarterly Report true  
Document Transition Report false  
Document Period End Date Jun. 30, 2021  
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2021  
Current Fiscal Year End Date --12-31  
Entity File Number 001-40790  
Entity Registrant Name BANNIX ACQUISITION CORP.  
Entity Central Index Key 0001845942  
Entity Tax Identification Number 86-1626016  
Entity Incorporation, State or Country Code DE  
Entity Address, Address Line One 300 Tice Boulevard  
Entity Address, Address Line Two Suite 315  
Entity Address, City or Town Woodcliff Lake  
Entity Address, State or Province NJ  
Entity Address, Postal Zip Code 07677  
City Area Code (201)  
Local Phone Number 712-9800  
Entity Current Reporting Status No  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company true  
Elected Not To Use the Extended Transition Period false  
Entity Shell Company true  
Entity Common Stock, Shares Outstanding   9,424,000
Common Stock [Member]    
Title of 12(b) Security Common Stock  
Trading Symbol BNIX  
Security Exchange Name NASDAQ  
Warrants    
Title of 12(b) Security Warrants  
Trading Symbol BNIXW  
Security Exchange Name NASDAQ  
Units    
Title of 12(b) Security Units  
Trading Symbol BNIXU  
Security Exchange Name NASDAQ  
Rights [Member]    
Title of 12(b) Security Rights  
Trading Symbol BNIXR  
Security Exchange Name NASDAQ  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED BALANCE SHEET
Jun. 30, 2021
USD ($)
Current Assets  
Cash $ 1,008,193
Total current assets 1,008,193
Deferred offering costs 162,595
Total Assets 1,170,788
Current Liabilities  
Accrued offering costs and expenses 5,200
Due to related parties 7,910
Loans payable – Sponsors 844,519
Promissory note - related party 300,000
Total current liabilities 1,157,629
Stockholders’ Equity  
Common stock, par value $0.01; authorized 10,000,000 shares; issued 3,162,500; 1,725,000 shares outstanding (excluding 1,437,500 Treasury Stock shares)(1) 31,625
Accumulated deficit (4,091)
Less Treasury Stock; at cost, 1,437,500 shares (14,375)
Total stockholders’ equity 13,159
Total Liabilities and Stockholders’ Equity $ 1,170,788
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED BALANCE SHEET (Parenthetical)
Jun. 30, 2021
$ / shares
shares
Statement of Financial Position [Abstract]  
Common stock, par value | $ / shares $ 0.01
Common stock, authorized 10,000,000
Common stock, issued 3,162,500
Common stock, outstanding 1,725,000
Treasury Stock, Shares 1,437,500
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED STATMENTS OF OPERATIONS - USD ($)
3 Months Ended 5 Months Ended
Jun. 30, 2021
Jun. 30, 2021
Income Statement [Abstract]    
Formation and operating costs $ 183 $ 1,216
Net loss $ (183) $ (1,216)
Basic and diluted weighted average shares outstanding (1) 2,835,165 2,585,615
Basic and diluted net loss per share $ (0.00) $ (0.00)
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Common Stock [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Total
Beginning balance, value at Jan. 21, 2021
Beginning balance, shares at Jan. 21, 2021      
Issuance of common stock to Sponsors $ 31,625 (2,875) 28,750
Issuance of common stock to Sponsors, shares 3,162,500      
Net loss (1,033) (1,033)
Ending balance, value at Mar. 31, 2021 $ 31,625 (3,908) 27,717
Ending balance, shares at Mar. 31, 2021 3,162,500      
Net loss (183) (183)
Purchase of common stock from Sponsors (14,375) (14,375)
Ending balance, value at Jun. 30, 2021 $ 31,625 $ (4,091) $ (14,375) $ 13,159
Ending balance, shares at Jun. 30, 2021 3,162,500      
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
5 Months Ended
Jun. 30, 2021
USD ($)
Statement of Cash Flows [Abstract]  
Net loss $ (1,216)
Changes in operating assets and liabilities:  
Accounts payable – Sponsors 910
Net cash used in operating activities (306)
Cash Flows from Financing Activities:  
Proceeds from sale of common stock to Sponsors 28,750
Deferred offering costs (107,395)
Loans from Sponsors 787,144
Promissory note payable to Sponsor 300,000
Net cash provided by financing activities 1,008,499
Net change in cash 1,008,193
Cash, January 21, 2021 (inception)
Cash, end of the period 1,008,193
Supplemental disclosure of cash flow information:  
Repurchase of treasury stock included in due to related parties 7,000
Repurchase of treasury stock included in loans payable - Sponsors 7,375
Deferred offering costs paid by Sponsor $ 50,000
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Organization and Business Operations
6 Months Ended
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Business Operations

Note 1—Organization and Business Operations

 

Organization and General

 

Bannix Acquisition Corp. (the “Company”) is a newly organized blank check company incorporated in the state of Delaware on January 21, 2021. The Company was formed for the purpose of effecting mergers, capital stock exchange, asset acquisitions, stock purchases, reorganization or similar business combinations with one or more businesses (“Business Combination”). The Company has not selected any specific Business Combination target and the Company has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any Business Combination target with respect to the Business Combination.

 

The Company has selected December 31 as its fiscal year end.

 

As of June 30, 2021, the Company had not commenced any operations. All activity for the period from January 21, 2021 (inception) through June 30, 2021 relates to the Company’s formation and the initial public offering (the “IPO”) (as defined below). The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the IPO. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

 

Financing

 

The Company’s sponsors are Subash Menon and Sudeesh Yezhuvath (through their investment entity Bannix Management LLP), Suresh Yezhuvath (“Yezhuvath”) and Seema Rao (“Rao”) (the “Sponsors”).

 

The registration statements for the Company’s IPO was declared effective on September 9, 2021 and September 10, 2021 (the “Effective Date”). On September 14, 2021, the Company consummated its IPO of 6,900,000 units at $10.00 per unit (the “Units”), which is discussed in Note 3. Each Unit consists of one share of common stock (the “Public Shares”), one redeemable warrant to purchase one share of common stock at a price of $11.50 per share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of the Business Combination.

 

Concurrent with the IPO, the Company consummated the issuance of 406,000 private placement units (the “Private Placement Units”) as follows: the Company sold 181,000 Private Placement Units to certain investors for aggregate cash proceeds of $2,460,000 and issued an additional 225,000 private placement units to the Sponsor in exchange for the cancellation of $1,105,000 in loans and a promissory note due to them (see Note 5). Each Private Placement Unit consists of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per whole share and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of one share of common stock upon the consummation of the Business Combination. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and the Private Placement Units, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination.

 

Transaction costs incurred related to the IPO were $5,490,800, consisting of $1,845,000 in underwriter’s discount paid at the time of the offering, $225,000 in underwriting expense to be paid in the future, $2,861,040 in fair value of representative shares to the underwriters and $559,760 in other offering costs. Of the total incurred, $463,377 was allocated to the warrants and charged to expense and $5,027,423 was charged to equity.

 

 

Trust Account

 

Following the closing of the IPO on September 14, 2021, an amount of $69,690,000 ($10.10 per Unit) from the net proceeds of the sale of the Units in the IPO and Private Placement Units was placed in a trust account (the “Trust Account”) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its franchise and income tax obligations (less up to $100,000 of interest to pay dissolution expenses), the proceeds from this offering and the sale of the Private Placement Units will not be released from the Trust Account until the earliest of (a) the completion of the Company’s initial Business Combination, (b) the redemption of any Public Shares properly submitted in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation, and (c) the redemption of the Company’s Public Shares if the Company is unable to complete the initial Business Combination within 15 months from the closing of this offering, or within any period of extension, subject to applicable law. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s public stockholders.

 

Initial Business Combination

 

The Company has 15 months from the closing of the offering to consummate the initial Business Combination. However, if the Company anticipates that it may not be able to consummate the initial Business Combination within 15 months, the Company may, by resolution of the board if requested by the initial stockholders, extend the period of time to consummate a Business Combination up to two times, each by an additional three months (for a total of up to 21 months to complete a Business Combination) (the “Combination Period”), subject to the Sponsors depositing additional funds into the Trust Account as set out below. Pursuant to the terms of the bylaws and the trust agreement entered into between the Company and Continental Stock Transfer & Trust Company on the date of this prospectus, in order to extend the time available for the Company to consummate the initial Business Combination, the Sponsors, upon five days advance notice prior to the applicable deadline, must deposit into the Trust Account for each three-month extension, $690,000 ($0.10 per share in either case) on or prior to the date of the applicable deadline, up to an aggregate of $1,380,000, or approximately $0.20 per share. In the event that the Company receives notice from the Sponsors five days prior to the applicable deadline of its wish for the Company to effect an extension, the Company intends to issue a press release announcing such intention at least three days prior to the applicable deadline. In addition, the Company intends to issue a press release the day after the applicable deadline announcing whether or not the funds had been timely deposited. The Sponsors and its affiliates or designees are not obligated to fund the Trust Account to extend the time for the Company to complete the initial Business Combination. If the Company is unable to consummate the initial Business Combination within the applicable time period, the Company will, promptly but not more than ten business days thereafter, redeem the Public Shares for a pro rata portion of the funds held in the Trust Account and promptly following such redemption, subject to the approval of the remaining stockholders and the board of directors, dissolve and liquidate, subject in each case to the obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. In such event, the rights and warrants will be worthless. Additionally, pursuant to Nasdaq rules, any initial Business Combination must be approved by a majority of the independent directors.

 

The Company anticipates structuring the initial Business Combination so that the post-transaction company in which the public stockholders own shares will own or acquire substantially all of the equity interests or assets of the target business or businesses. The Company may, however, structure the initial Business Combination such that the post-transaction company owns or acquires less than substantially all of such interests or assets of the target business in order to meet certain objectives of the target management team or stockholders or for other reasons, but the Company will only complete such Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, the stockholders prior to the initial Business Combination may collectively own a minority interest in the post-transaction company, depending on valuations ascribed to the target and the Company in the Business Combination transaction. For example, the Company could pursue a transaction in which the Company issue a substantial number of new shares in exchange for all of the outstanding capital stock of shares or other equity interests. In this case, the Company would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares, the stockholders immediately prior to the initial Business Combination could own less than a majority of the outstanding shares subsequent to the initial Business Combination. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be valued for purposes of the 80% of net assets test. If the initial Business Combination involves more than one target business, the 80% of net assets test will be based on the aggregate value of all of the target businesses even if the acquisitions of the target businesses are not closed simultaneously.

 

 

Although the Company believes that the net proceeds of the offering will be sufficient to allow the Company to consummate a Business Combination, because the Company has not yet identified any prospective target business, the Company cannot ascertain the capital requirements for any particular transaction. If the net proceeds of this offering prove to be insufficient, either because of the size of the Business Combination, the depletion of the available net proceeds in search of a target business, or because the Company becomes obligated to redeem a significant number of the Public Shares upon consummation of the initial Business Combination, the Company will be required to seek additional financing, in which case the Company may issue additional securities or incur debt in connection with such Business Combination. Furthermore, the Company may issue a substantial number of additional shares of common or preferred stock to complete the initial Business Combination or under an employee incentive plan upon or after consummation of the initial Business Combination. The Company does not have a maximum debt leverage ratio or a policy with respect to how much debt the Company may incur. The amount of debt the Company will be willing to incur will depend on the facts and circumstances of the proposed Business Combination and market conditions at the time of the potential Business Combination. At this time, the Company is not party to any arrangement or understanding with any third party with respect to raising additional funds through the sale of the securities or the incurrence of debt. Subject to compliance with applicable securities laws, the Company would only consummate such financing simultaneously with the consummation of the initial Business Combination.

 

Nasdaq rules require that the initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding advisory fees and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. If the board is not able to independently determine the fair market value of the target business or businesses, the Company will obtain an opinion from an independent investment banking firm or an independent accounting firm with respect to the satisfaction of such criteria. The Company does not intend to purchase multiple businesses in unrelated industries in connection with the initial Business Combination.

 

The Company will provide its public stockholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial Business Combination either (i) in connection with a stockholder meeting called to approve the initial Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a proposed initial Business Combination or conduct a tender offer will be made by the Company, solely at its discretion. The stockholders will be entitled to redeem their shares for a pro rata portion of the amount then on deposit in the Trust Account (initially approximately $10.10 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations).

 

The initial carrying value of the common stock subject to redemption is recorded at an amount equal to the proceeds of the public offering less (i) the fair value of the public warrants and less (ii) offering costs allocable to the common stock sold as part of the units in the IPO. Such initial carrying value is classified as temporary equity upon the completion of the IPO, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.”

 

The Company’s amended and restated certificate of incorporation provides that in no event will it redeem the public shares in an amount that would cause the Company’s net tangible assets to be less than $5,000,001 both immediately before and after the consummation of the Business Combination (so that the Company is not subject to the SEC’s “penny stock” rules). Redemptions of the Company’s public shares may also be subject to a higher net tangible asset test or cash requirement pursuant to an agreement relating to the Business Combination. For example, the Business Combination may require: (i) cash consideration to be paid to the target or its owners, (ii) cash to be transferred to the target for working capital or other general corporate purposes or (iii) the retention of cash to satisfy other conditions in accordance with the terms of the Business Combination. In the event the aggregate cash consideration the Company would be required to pay for all shares of common stock that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the Business Combination exceed the aggregate amount of cash available to the Company, it will not complete the Business Combination or redeem any shares, and all shares of common stock submitted for redemption will be returned to the holders thereof.

 

 

The Sponsors, officers and directors and Representative (as defined in Note 6) have agreed to (i) waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of the initial Business Combination, (ii) waive their redemption rights with respect to their Founder Shares (as defined below) and Public Shares in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation, and (iii) waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares if the Company fails to complete the initial Business Combination within the Combination Period.

 

The Company’s Sponsors have agreed that they will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.10 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.10 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of this offering against certain liabilities, including liabilities under the Securities Act. However, the Company has not asked its Sponsors to reserve for such indemnification obligations, nor has the Company independently verified whether its Sponsors have sufficient funds to satisfy its indemnity obligations and believe that the Company’s Sponsors’ only assets are securities of the Company. Therefore, the Company cannot assure that its Sponsors would be able to satisfy those obligations.

 

Liquidity and Capital Resources

 

As of June 30, 2021, the Company had $1,008,193 in cash and a working capital deficit of $149,436 (excluding deferred offering costs).

 

The Company’s liquidity needs up to June 30, 2021 had been satisfied through a capital contribution from the Sponsors of $28,750 for common stock (“Founder Shares”) and from loans from Sponsors and related parties in order to pay offering costs. In addition, in order to finance transaction costs in connection with a Business Combination, the Company’s Sponsors or an affiliate of the Sponsors or certain of the Company’s officers and directors may, but are not obligated to, provide the Company Working Capital Loans. As of June 30, 2021, there was $1,152,429 owed to Sponsors and related parties and no other amounts outstanding under any Working Capital, Sponsor or related party loans. See Note 5 for further disclosure of Sponsor and related party loans.

 

After consummation of the IPO on September 14, 2021, the Company had approximately $540,000 in its operating bank account, and working capital of approximately $600,000.

 

Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

 

Risks and Uncertainties

 

Management is currently evaluating the impact of the COVID-19 pandemic on the Company and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

 

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Significant Accounting Policies
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Significant Accounting Policies

Note 2—Significant Accounting Policies

 

Basis of Presentation

 

The accompanying financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America for interim financial information (“US GAAP”) and pursuant to Rule 8-03 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the period presented. Operating results for the period from January 21, 2021 (inception) through June 30, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021.

 

The accompanying unaudited condensed financial statements should be read in conjunction with the audited balance sheet and notes thereto included in the Form 8-K and the audited financial statements and notes thereto included in the final prospectus filed by the Company with the SEC on September 20, 2021 and September 13, 2021, respectively.

 

Emerging Growth Company Status

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

 

Use of Estimates

 

The preparation of these unaudited condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period.

 

Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events.

 

 

Concentration of Credit Risk

 

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. As of June 30, 2021, approximately $750,000 was held in excess of insured limits.

 

Deferred Offering Costs

 

The Company complies with the requirements of ASC Subtopic 340-10-S99-1, “Expenses of Offering.” Offering costs consist of legal, accounting, underwriting fees and other costs incurred through June 30, 2021 that were directly related to the IPO. Upon consummation of the IPO, offering costs were allocated to the separable financial instruments issued in the IPO on a relative fair value basis compared to total proceeds received. Offering costs associated with warrant liabilities were expensed as incurred and presented as non-operating expenses in the statement of operations. Offering costs associated with the shares of common stock were charged to temporary equity (common stock subject to possible redemption) upon the completion of the IPO.

 

Fair Value of Financial Instruments

 

The fair value of the Company’s cash and current liabilities approximates the carrying amounts represented in the accompanying balance sheet, due to their short-term nature.

 

Fair value is defined as the price which would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy which prioritizes the inputs used in the valuation methodologies is as follows:

 

Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

 

Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.

 

Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.

 

Fair Value of Warrant Liability

 

The Company accounted for the 7,306,000 warrants issued in connection with the IPO and private placement in accordance with the guidance contained in ASC Topic 815, “Derivatives and Hedging” whereby under that provision, the warrants did not meet the criteria for equity treatment and were recorded as a liability. Accordingly, the Company classified the warrants as a liability at fair value in the period ended September 30, 2021 and will adjust them to fair value at each reporting period. This liability will be re-measured at each balance sheet date until the warrants are exercised or expire, and any change in fair value will be recognized in the Company’s statement of operations.

 

Net Loss Per Share

 

Net loss per share is computed by dividing net loss by the weighted average number of shares outstanding during the period, excluding shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 225,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters (see Note 8). At June 30, 2021, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented.

 

 

Income Taxes

 

The Company recorded no income tax expense for the period from January 21, 2021 (inception) through June 30, 2021 because the estimated annual effective tax rate was zero. As of June 30, 2021, the Company provided a valuation allowance against its net deferred tax assets since the Company believes it is likely that its deferred tax assets will not be realized.

 

Recent Accounting Pronouncements

 

In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, Debt — “Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity” (Subtopic 815-40) (“ASU 2020-06”) to simplify accounting for certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the if-converted method for all convertible instruments. ASU 2020-06 is effective January 1, 2022 and should be applied on a full or modified retrospective basis, with early adoption permitted beginning on January 1, 2021. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.

 

Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

 

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Initial Public Offering
6 Months Ended
Jun. 30, 2021
Initial Public Offering  
Initial Public Offering

Note 3— Initial Public Offering

 

On September 14, 2021, the Company consummated its IPO and sold 6,900,000 Units at a purchase price of $10.00 per Unit, which was inclusive of the underwriters’ full exercise of their over-allotment option, generating gross proceeds of $69,000,000. Each Unit that the Company sold had a price of $10.00 and consisted of one share of common stock, one warrant to purchase one share of common stock and one right. Each warrant will entitle the holder to purchase one share of common stock at a price of $11.50 per share, subject to adjustment. Each warrant will become exercisable on the later of the completion of the initial Business Combination or 12 months from the closing of the offering and will expire five years after the completion of the initial Business Combination, or earlier upon redemption or liquidation. Each right entitles the holder to buy one tenth of one share of common stock. The common stock, warrants and rights comprising the Units will begin separate trading on the 52nd day following September 13, 2021, the date of the filing of the final prospectus unless the underwriters, I-Bankers Securities, Inc., inform the Company of their decision to allow earlier separate trading, subject to the Company’s having filed the Current Report on Form 8-K with the accompanying audited balance sheet and having issued a press release announcing when such separate trading will begin. At the time that the common stock, warrants and rights comprising the Units begin separate trading, holders will hold the separate securities and no longer hold Units (without any action needing to be taken by the holders), and the Units will no longer trade.

 

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.21.2
Private Placement
6 Months Ended
Jun. 30, 2021
Private Placement  
Private Placement

Note 4—Private Placement

 

Simultaneously with the closing of the IPO and the sale of the Units, the Company sold 181,000 Private Placement Units to certain investors for aggregate cash proceeds of $2,460,000 and issued an additional 225,000 Private Placement Units to a Sponsor in exchange for the cancellation of $1,105,000 in loans and a promissory note due to them. Each Private Placement Unit consisted of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per whole share and one right.

 

 

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.2
Related Party Transactions
6 Months Ended
Jun. 30, 2021
Related Party Transactions [Abstract]  
Related Party Transactions

Note 5—Related Party Transactions

 

Founder Shares

 

In February 2021, the Sponsors subscribed for 2,875,000 shares of the Company’s common stock (the “Founder Shares”) for $28,750, or $0.01 per share, in connection with formation. In June 2021, 1,437,500 shares of the Founder Shares were re-purchased by the Company for a total of $14,375. In connection with the upsize of the IPO, on September 10, 2021, an additional 287,500 Founder Shares were issued via a 20% stock dividend, resulting in total Founder Shares outstanding of 1,725,000. All share amounts and related figures have been retroactively adjusted (see Note 8).

 

The Sponsors have agreed not to transfer, assign or sell the Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) the date on which the Company completes a liquidation, merger, stock exchange or other similar transaction after the initial Business Combination that results in all of the public stockholders having the right to exchange their shares of common stock for cash, securities or other property. The Company refers to such transfer restrictions as the “lock-up”. Notwithstanding the foregoing, if the last sale price of the common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, the Founder Shares will be released from the lock-up.

 

Promissory Note—Sponsor

 

On February 15, 2021, the Company issued an unsecured promissory note to Yezhuvath, as and when required, pursuant to which the Company may borrow up to an aggregate principal amount of $300,000 to be used for a portion of the expenses of this offering. This note is non-interest bearing and unsecured. As of June 30, 2021, all $300,000 of the note was drawn down and it was repaid upon the closing of this IPO through the issuance of 30,000 Private Placement Units.

 

Working Capital Loans – Sponsors

 

In order to finance transaction costs in connection with a Business Combination, the Sponsors or an affiliate of the Sponsors or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. If the Company completes a Business Combination, the Company would repay the loans out of the proceeds of the Trust Account released to the Company. Otherwise, the loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the loans but no proceeds from the Trust Account would be used to repay the loans.

 

The Company entered into a loan agreement with Yezhuvath with the following terms:

 

  1. The Company can borrow up to $805,000 under the loan agreement.
  2. Advances under the loan agreement are unsecured and do not bear interest.
  3. Following the consummation of the IPO, the loan was repaid/forfeited as follows:

 

  a. Against the first $1,030,000 of the note and loan agreement (inclusive of the $300,000 note discussed above), 210,000 Private Placement Units were issued.
  b. Against the next $75,000 of loan, 15,000 Private Placement Units were issued.

 

Yezhuvath has agreed to make an additional loan to the Company of $225,000 pursuant to the exercise of the over-allotment which would only be drawn down at the time of the Business Combination. The proceeds would be used to pay a portion of the incremental underwriting discount on the over-allotment shares which the underwriter has agreed to defer the receipt of until a Business Combination is consummated. Yezhuvath has agreed to forgive this amount without any additional securities being issued against it.

 

On April 12, 2021, the Company entered into a loan agreement with Rao for an amount of $270,000. The loan does not bear interest and is unsecured. In connection with the successful IPO, the loan was forfeited and not repaid by the Company and was considered a capital contribution without any additional securities being issued.

 

 

Due to Related Parties

 

The balance in Due to Related Parties totaling $7,910 consists of the following transactions:

 

  1. Subash Menon paid expenses on behalf of the Company. As of June 30, 2021, the Company owed him $910 for such expenses.
     
  2. As a result of a change in the size of the offering, the Company agreed to repurchase 700,000 shares of common stock from Bannix Management LLP for total consideration of $7,000 (see Note 8).

 

Administrative Support Agreement

 

Commencing on the date of the IPO, the Company has agreed to pay an affiliate of the Sponsor for office space, secretarial and administrative services provided to members of the management team, in the amount of $5,000 per month. Upon completion of the initial Business Combination or the Company’s liquidation, it will cease paying these monthly fees.

 

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.2
Commitments and Contingencies
6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 6—Commitments and Contingencies

 

Registration Rights

 

The holders of the Founder Shares, Private Placement Units and warrants that may be issued upon conversion of related party loans will have registration rights to require the Company to register a sale of any of its securities held by them pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. These holders will be entitled to make up to three demands, excluding short form registration demands, that the Company registers such securities for sale under the Securities Act. In addition, these holders will have “piggy-back” registration rights to include their securities in other registration statements filed by the Company.

 

Underwriters Agreement

 

The Company granted the underwriters a 30-day option from the date of the IPO to purchase up to an additional 900,000 Units to cover over-allotments, which it fully exercised on the date of the IPO.

 

The underwriters are entitled to a cash underwriting discount of 3% of the gross proceeds of the IPO, or an aggregate of $2,070,000. Of this amount, $225,000 will be payable to the underwriters by a Sponsor solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Additionally, the underwriters are entitled to a Business Combination marketing fee of 3.5% of the gross proceeds of the sale of Units in the IPO upon the completion of the Company’s initial Business Combination subject to the terms of the underwriting agreement.

 

The Company issued the underwriter (and/or its designees) (the “Representative”) 393,000 shares of common stock for $0.01 per share (the “Representative Shares”) upon the consummation of the IPO. The Company accounted for the estimated fair value ($2,861,000) of the Representative Shares as an offering cost of the IPO and allocated such cost against temporary equity for the amount allocated to the redeemable shares and to expense for the allocable portion relating to the warrant liability. These shares of common stock issued to the underwriter are subject to an agreement in which the underwriter has agreed (i) not to transfer, assign or sell any such shares until the completion of the Business Combination. In addition, the underwriter (and/or its designees) has agreed (i) to waives its redemption rights with respect to such shares in connection with the completion of the Business Combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if it fails to complete the Business Combination within 15 months from the closing of the IPO. Accordingly, the fair value of such shares is included in stockholders’ equity.

 

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.2
Warrant Liability
6 Months Ended
Jun. 30, 2021
Temporary Equity Disclosure [Abstract]  
Warrant Liability

Note 7 — Warrant Liability

 

The Company accounted for the 7,306,000 warrants issued in connection with the IPO and private placement in accordance with the guidance contained in ASC Topic 815, “Derivatives and Hedging” whereby under that provision, the warrants did not meet the criteria for equity treatment and were recorded as a liability. Accordingly, the Company classified the warrants as a liability at fair value, at the IPO date, and will adjust them to fair value at each reporting period. This liability will be re-measured at each balance sheet date until the warrants are exercised or expire, and any change in fair value will be recognized in the Company’s statement of operations. The fair value of the public warrants was estimated using the Monte Carlo simulation model. The fair value of the private warrants was estimated using a modified Black-Scholes model. The valuation models utilize inputs such as assumed share prices, volatility, discount factors and other assumptions and may not be reflective of the price at which they can be settled. Such warrant classification is also subject to re-evaluation at each reporting period.

 

Each whole warrant entitles the holder to purchase one share of the Company’s common stock at a price of $11.50 per share, subject to adjustment as discussed herein. In addition, if (x) the Company issues additional shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Company’s Sponsors or its affiliates, without taking into account any Founder Shares held by the Company’s Sponsors or its affiliates, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates the initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Value, and the $18.00 per share redemption trigger price described below under “Redemption of warrants” will be adjusted (to the nearest cent) to be equal to 180% of the Market Value.

 

The warrants will become exercisable on the later of 12 months from the closing of this offering or upon completion of its initial Business Combination and will expire five years after the completion of the Company’s initial Business Combination, at 5:00 p.m., Eastern Time, or earlier upon redemption or liquidation.

 

The Company will not be obligated to deliver any shares of common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act with respect to the shares underlying the warrants is then effective and a prospectus is current. No warrant will be exercisable, and the Company will not be obligated to issue shares of common stock upon exercise of a warrant unless shares issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In no event will the Company be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser of a Unit containing such warrant will have paid the full purchase price for the Unit solely for the share of common stock underlying such Unit.

 

Redemption of warrants

 

The Company may call the warrants for redemption (excluding the private warrants, and any warrants underlying Units issued to the Sponsors, initial stockholders, officers, directors or their affiliates in payment of related party loans made to the Company), in whole and not in part, at a price of $0.01 per warrant:

 

at any time while the warrants are exercisable,
   
●  upon not less than 30 days prior written notice of redemption to each warrant holder,
   
●  if, and only if, the reported last sale price of the common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period ending on the third trading business day prior to the notice of redemption to warrant holders, and
   
●  if, and only if, there is a current registration statement in effect with respect to the issuance of the shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day until the date of redemption.

 

 

If the Company calls the warrants for redemption as described above, management will have the option to require any holder that wishes to exercise its warrant to do so on a “cashless basis.” If management takes advantage of this option, all holders of warrants would pay the exercise price by surrendering their warrants for that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock underlying the warrants, multiplied by the excess of the “fair market value” (defined below) over the exercise price of the warrants by (y) the fair market value. The “fair market value” shall mean the average reported last sale price of the common stock for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants.

 

If the Company is unable to complete an initial Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless.

 

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Stockholders’ Equity
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Stockholders’ Equity

Note 8—Stockholders’ Equity

 

Preferred Stock—On September 9, 2021, the Company amended and restated its certificate of incorporation to authorize the issuance of 1,000,000 shares of preferred stock at par value of $0.01 each and with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors.

 

Common Stock—The Company was authorized to issue a total of 10,000,000 shares of common stock with par value of $0.01 each. As of June 30, 2021, there were 3,162,500 shares of common stock issued and 1,725,000 shares outstanding. Each share of common stock entitles the holder to one vote. In connection with the Company’s amended and restated certificate of incorporation, authorized shares were increased to 100,000,000. As of the consummation of the Company’s IPO on September 14, 2021, there were 9,424,000 shares of common stock issued, consisting of (1) 6,900,000 shares related to the Units sold in the IPO, (2) 406,000 shares related to the Private Placement Units sold concurrently with the IPO, (3) 1,725,000 Founder Shares and (4) 393,000 Representative Shares.

 

Treasury Stock—On June 21, 2021 the Sponsors agreed to deliver the Company 1,437,500 shares of common stock beneficially owned by the Sponsors. The amount payable to Yezhuvath of $7,735 was repaid as part of the Private Placement Units issued to him (see Note 5) and the amount of $7,000 payable to Bannix Management LLP is included in Due to Related Parties as of June 30, 2021.

 

Rights—Except in cases where the Company is not the surviving company in the Business Combination, each holder of a right will automatically receive one-tenth (1/10) of a share of common stock upon consummation of the Business Combination, even if the holder of a right converted all shares held by him, her or it in connection with the Business Combination or an amendment to the Company’s Certificate of Incorporation with respect to its pre-Business Combination activities. In the event that the Company will not be the surviving company upon completion of the Business Combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth (1/10) of a share of common stock underlying each right upon consummation of the Business Combination. No additional consideration will be required to be paid by a holder of rights in order to receive his, her or its additional share of common stock upon consummation of Business Combination. The shares issuable upon exchange of the rights will be freely tradable (except to the extent held by affiliates of the Company). If the Company enters into a definitive agreement for a Business Combination in which the Company will not be the surviving entity, the definitive agreement will provide for the holders of the rights to receive the same per share consideration the holders of shares of common stock will receive in the transaction on an as-converted into common stock basis.

 

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 9—Subsequent Events

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date of the filing of this report. The Company did not identify any subsequent events, other than those discussed within the notes to these unaudited condensed financial statements and noted below, that would have required adjustment or disclosure in these unaudited condensed financial statements.

 

On September 10, 2021, an additional 287,500 Founder Shares were issued via a stock dividend, resulting in total Founder Shares outstanding of 1,725,000. All share amounts and related figures have been retroactively adjusted.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.2
Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

 

The accompanying financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America for interim financial information (“US GAAP”) and pursuant to Rule 8-03 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the period presented. Operating results for the period from January 21, 2021 (inception) through June 30, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021.

 

The accompanying unaudited condensed financial statements should be read in conjunction with the audited balance sheet and notes thereto included in the Form 8-K and the audited financial statements and notes thereto included in the final prospectus filed by the Company with the SEC on September 20, 2021 and September 13, 2021, respectively.

 

Emerging Growth Company Status

Emerging Growth Company Status

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

 

Use of Estimates

Use of Estimates

 

The preparation of these unaudited condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period.

 

Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events.

 

 

Concentration of Credit Risk

Concentration of Credit Risk

 

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. As of June 30, 2021, approximately $750,000 was held in excess of insured limits.

 

Deferred Offering Costs

Deferred Offering Costs

 

The Company complies with the requirements of ASC Subtopic 340-10-S99-1, “Expenses of Offering.” Offering costs consist of legal, accounting, underwriting fees and other costs incurred through June 30, 2021 that were directly related to the IPO. Upon consummation of the IPO, offering costs were allocated to the separable financial instruments issued in the IPO on a relative fair value basis compared to total proceeds received. Offering costs associated with warrant liabilities were expensed as incurred and presented as non-operating expenses in the statement of operations. Offering costs associated with the shares of common stock were charged to temporary equity (common stock subject to possible redemption) upon the completion of the IPO.

 

Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

The fair value of the Company’s cash and current liabilities approximates the carrying amounts represented in the accompanying balance sheet, due to their short-term nature.

 

Fair value is defined as the price which would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy which prioritizes the inputs used in the valuation methodologies is as follows:

 

Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

 

Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.

 

Level 3 Inputs - Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.

 

Fair Value of Warrant Liability

Fair Value of Warrant Liability

 

The Company accounted for the 7,306,000 warrants issued in connection with the IPO and private placement in accordance with the guidance contained in ASC Topic 815, “Derivatives and Hedging” whereby under that provision, the warrants did not meet the criteria for equity treatment and were recorded as a liability. Accordingly, the Company classified the warrants as a liability at fair value in the period ended September 30, 2021 and will adjust them to fair value at each reporting period. This liability will be re-measured at each balance sheet date until the warrants are exercised or expire, and any change in fair value will be recognized in the Company’s statement of operations.

 

Net Loss Per Share

Net Loss Per Share

 

Net loss per share is computed by dividing net loss by the weighted average number of shares outstanding during the period, excluding shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 225,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters (see Note 8). At June 30, 2021, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented.

 

 

Income Taxes

Income Taxes

 

The Company recorded no income tax expense for the period from January 21, 2021 (inception) through June 30, 2021 because the estimated annual effective tax rate was zero. As of June 30, 2021, the Company provided a valuation allowance against its net deferred tax assets since the Company believes it is likely that its deferred tax assets will not be realized.

 

Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, Debt — “Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity” (Subtopic 815-40) (“ASU 2020-06”) to simplify accounting for certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the if-converted method for all convertible instruments. ASU 2020-06 is effective January 1, 2022 and should be applied on a full or modified retrospective basis, with early adoption permitted beginning on January 1, 2021. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.

 

Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.2
Organization and Business Operations (Details Narrative)
Jun. 30, 2021
USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Cash $ 1,008,193
Working capital deficit $ 149,436
EXCEL 29 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 30 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 31 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 32 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.2 html 28 156 1 false 7 0 false 3 false false R1.htm 00000001 - Document - Cover Sheet http://bannixacquisition.com/role/Cover Cover Cover 1 false false R2.htm 00000002 - Statement - UNAUDITED CONDENSED BALANCE SHEET Sheet http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet UNAUDITED CONDENSED BALANCE SHEET Statements 2 false false R3.htm 00000003 - Statement - UNAUDITED CONDENSED BALANCE SHEET (Parenthetical) Sheet http://bannixacquisition.com/role/UnauditedCondensedBalanceSheetParenthetical UNAUDITED CONDENSED BALANCE SHEET (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - UNAUDITED CONDENSED STATMENTS OF OPERATIONS Sheet http://bannixacquisition.com/role/UnauditedCondensedStatmentsOfOperations UNAUDITED CONDENSED STATMENTS OF OPERATIONS Statements 4 false false R5.htm 00000005 - Statement - UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY Sheet http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY Statements 5 false false R6.htm 00000006 - Statement - UNAUDITED CONDENSED STATEMENT OF CASH FLOWS Sheet http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows UNAUDITED CONDENSED STATEMENT OF CASH FLOWS Statements 6 false false R7.htm 00000007 - Disclosure - Organization and Business Operations Sheet http://bannixacquisition.com/role/OrganizationAndBusinessOperations Organization and Business Operations Notes 7 false false R8.htm 00000008 - Disclosure - Significant Accounting Policies Sheet http://bannixacquisition.com/role/SignificantAccountingPolicies Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - Initial Public Offering Sheet http://bannixacquisition.com/role/InitialPublicOffering Initial Public Offering Notes 9 false false R10.htm 00000010 - Disclosure - Private Placement Sheet http://bannixacquisition.com/role/PrivatePlacement Private Placement Notes 10 false false R11.htm 00000011 - Disclosure - Related Party Transactions Sheet http://bannixacquisition.com/role/RelatedPartyTransactions Related Party Transactions Notes 11 false false R12.htm 00000012 - Disclosure - Commitments and Contingencies Sheet http://bannixacquisition.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 12 false false R13.htm 00000013 - Disclosure - Warrant Liability Sheet http://bannixacquisition.com/role/WarrantLiability Warrant Liability Notes 13 false false R14.htm 00000014 - Disclosure - Stockholders??? Equity Sheet http://bannixacquisition.com/role/StockholdersEquity Stockholders??? Equity Notes 14 false false R15.htm 00000015 - Disclosure - Subsequent Events Sheet http://bannixacquisition.com/role/SubsequentEvents Subsequent Events Notes 15 false false R16.htm 00000016 - Disclosure - Significant Accounting Policies (Policies) Sheet http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies Significant Accounting Policies (Policies) Policies http://bannixacquisition.com/role/SignificantAccountingPolicies 16 false false R17.htm 00000017 - Disclosure - Organization and Business Operations (Details Narrative) Sheet http://bannixacquisition.com/role/OrganizationAndBusinessOperationsDetailsNarrative Organization and Business Operations (Details Narrative) Details http://bannixacquisition.com/role/OrganizationAndBusinessOperations 17 false false All Reports Book All Reports bannix_2q21.htm bnixu-20210630.xsd bnixu-20210630_cal.xml bnixu-20210630_def.xml bnixu-20210630_lab.xml bnixu-20210630_pre.xml ex31_1.htm ex31_2.htm ex32_1.htm ex32_2.htm http://xbrl.sec.gov/dei/2021 http://fasb.org/us-gaap/2021-01-31 true true JSON 34 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "bannix_2q21.htm": { "axisCustom": 0, "axisStandard": 2, "contextCount": 28, "dts": { "calculationLink": { "local": [ "bnixu-20210630_cal.xml" ] }, "definitionLink": { "local": [ "bnixu-20210630_def.xml" ] }, "inline": { "local": [ "bannix_2q21.htm" ] }, "labelLink": { "local": [ "bnixu-20210630_lab.xml" ] }, "presentationLink": { "local": [ "bnixu-20210630_pre.xml" ] }, "schema": { "local": [ "bnixu-20210630.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "https://xbrl.sec.gov/dei/2021/dei-2021.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd", "https://xbrl.sec.gov/country/2021/country-2021.xsd", "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd", "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd" ] } }, "elementCount": 153, "entityCount": 1, "hidden": { "http://bannixacquisition.com/20210630": 2, "http://fasb.org/us-gaap/2021-01-31": 12, "http://xbrl.sec.gov/dei/2021": 5, "total": 19 }, "keyCustom": 13, "keyStandard": 143, "memberCustom": 2, "memberStandard": 4, "nsprefix": "BNIXU", "nsuri": "http://bannixacquisition.com/20210630", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "b", "span", "p", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "00000001 - Document - Cover", "role": "http://bannixacquisition.com/role/Cover", "shortName": "Cover", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "b", "span", "p", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R10": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "BNIXU:PrivatePlacementTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000010 - Disclosure - Private Placement", "role": "http://bannixacquisition.com/role/PrivatePlacement", "shortName": "Private Placement", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "BNIXU:PrivatePlacementTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R11": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000011 - Disclosure - Related Party Transactions", "role": "http://bannixacquisition.com/role/RelatedPartyTransactions", "shortName": "Related Party Transactions", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R12": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000012 - Disclosure - Commitments and Contingencies", "role": "http://bannixacquisition.com/role/CommitmentsAndContingencies", "shortName": "Commitments and Contingencies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R13": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:TemporaryEquityTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000013 - Disclosure - Warrant Liability", "role": "http://bannixacquisition.com/role/WarrantLiability", "shortName": "Warrant Liability", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:TemporaryEquityTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R14": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000014 - Disclosure - Stockholders\u2019 Equity", "role": "http://bannixacquisition.com/role/StockholdersEquity", "shortName": "Stockholders\u2019 Equity", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R15": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SubsequentEventsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000015 - Disclosure - Subsequent Events", "role": "http://bannixacquisition.com/role/SubsequentEvents", "shortName": "Subsequent Events", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SubsequentEventsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R16": { "firstAnchor": { "ancestors": [ "us-gaap:BusinessDescriptionAndAccountingPoliciesTextBlock", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000016 - Disclosure - Significant Accounting Policies (Policies)", "role": "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies", "shortName": "Significant Accounting Policies (Policies)", "subGroupType": "policies", "uniqueAnchor": { "ancestors": [ "us-gaap:BusinessDescriptionAndAccountingPoliciesTextBlock", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R17": { "firstAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "AsOf2021-06-30", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:Cash", "reportCount": 1, "unitRef": "USD", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000017 - Disclosure - Organization and Business Operations (Details Narrative)", "role": "http://bannixacquisition.com/role/OrganizationAndBusinessOperationsDetailsNarrative", "shortName": "Organization and Business Operations (Details Narrative)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "p", "us-gaap:NatureOfOperations", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "AsOf2021-06-30", "decimals": "0", "lang": null, "name": "BNIXU:WorkingCapitalDeficit", "reportCount": 1, "unique": true, "unitRef": "USD", "xsiNil": "false" } }, "R2": { "firstAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "AsOf2021-06-30", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:Cash", "reportCount": 1, "unitRef": "USD", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00000002 - Statement - UNAUDITED CONDENSED BALANCE SHEET", "role": "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet", "shortName": "UNAUDITED CONDENSED BALANCE SHEET", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "AsOf2021-06-30", "decimals": "0", "lang": null, "name": "us-gaap:AssetsCurrent", "reportCount": 1, "unique": true, "unitRef": "USD", "xsiNil": "false" } }, "R3": { "firstAnchor": { "ancestors": [ "span", "span", "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "AsOf2021-06-30", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:CommonStockParOrStatedValuePerShare", "reportCount": 1, "unique": true, "unitRef": "USDPShares", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00000003 - Statement - UNAUDITED CONDENSED BALANCE SHEET (Parenthetical)", "role": "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheetParenthetical", "shortName": "UNAUDITED CONDENSED BALANCE SHEET (Parenthetical)", "subGroupType": "parenthetical", "uniqueAnchor": { "ancestors": [ "span", "span", "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "AsOf2021-06-30", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:CommonStockParOrStatedValuePerShare", "reportCount": 1, "unique": true, "unitRef": "USDPShares", "xsiNil": "false" } }, "R4": { "firstAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-04-012021-06-30", "decimals": "0", "first": true, "lang": null, "name": "BNIXU:FormationAndOperatingCosts", "reportCount": 1, "unique": true, "unitRef": "USD", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00000004 - Statement - UNAUDITED CONDENSED STATMENTS OF OPERATIONS", "role": "http://bannixacquisition.com/role/UnauditedCondensedStatmentsOfOperations", "shortName": "UNAUDITED CONDENSED STATMENTS OF OPERATIONS", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-04-012021-06-30", "decimals": "0", "first": true, "lang": null, "name": "BNIXU:FormationAndOperatingCosts", "reportCount": 1, "unique": true, "unitRef": "USD", "xsiNil": "false" } }, "R5": { "firstAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-222021-03-31_us-gaap_CommonStockMember", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:StockIssuedDuringPeriodValueOther", "reportCount": 1, "unique": true, "unitRef": "USD", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00000005 - Statement - UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY", "role": "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity", "shortName": "UNAUDITED CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-222021-03-31_us-gaap_CommonStockMember", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:StockIssuedDuringPeriodValueOther", "reportCount": 1, "unique": true, "unitRef": "USD", "xsiNil": "false" } }, "R6": { "firstAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-212021-06-30", "decimals": "0", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "USD", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "00000006 - Statement - UNAUDITED CONDENSED STATEMENT OF CASH FLOWS", "role": "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows", "shortName": "UNAUDITED CONDENSED STATEMENT OF CASH FLOWS", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "td", "tr", "table", "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-212021-06-30", "decimals": "0", "lang": null, "name": "us-gaap:IncreaseDecreaseInAccountsPayable", "reportCount": 1, "unique": true, "unitRef": "USD", "xsiNil": "false" } }, "R7": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:NatureOfOperations", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000007 - Disclosure - Organization and Business Operations", "role": "http://bannixacquisition.com/role/OrganizationAndBusinessOperations", "shortName": "Organization and Business Operations", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:NatureOfOperations", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R8": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BusinessDescriptionAndAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000008 - Disclosure - Significant Accounting Policies", "role": "http://bannixacquisition.com/role/SignificantAccountingPolicies", "shortName": "Significant Accounting Policies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BusinessDescriptionAndAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R9": { "firstAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "BNIXU:InitialPublicOfferingTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "00000009 - Disclosure - Initial Public Offering", "role": "http://bannixacquisition.com/role/InitialPublicOffering", "shortName": "Initial Public Offering", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "body", "html" ], "baseRef": "bannix_2q21.htm", "contextRef": "From2021-01-01to2021-06-30", "decimals": null, "first": true, "lang": "en-US", "name": "BNIXU:InitialPublicOfferingTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 7, "tag": { "BNIXU_DeferredOfferingCostPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Deferred Offering Costs" } } }, "localname": "DeferredOfferingCostPolicyTextBlock", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "BNIXU_DeferredOfferingCostsPaidBySponsor": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "label": "Deferred offering costs paid by Sponsor" } } }, "localname": "DeferredOfferingCostsPaidBySponsor", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "BNIXU_DisclosureInitialPublicOfferingAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Initial Public Offering" } } }, "localname": "DisclosureInitialPublicOfferingAbstract", "nsuri": "http://bannixacquisition.com/20210630", "xbrltype": "stringItemType" }, "BNIXU_DisclosurePrivatePlacementAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Private Placement" } } }, "localname": "DisclosurePrivatePlacementAbstract", "nsuri": "http://bannixacquisition.com/20210630", "xbrltype": "stringItemType" }, "BNIXU_EmergingGrowthCompanyStatusPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Emerging Growth Company Status" } } }, "localname": "EmergingGrowthCompanyStatusPolicyTextBlock", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "BNIXU_FairValueOfWarrantLiabilityPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Fair Value of Warrant Liability" } } }, "localname": "FairValueOfWarrantLiabilityPolicyTextBlock", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "BNIXU_FormationAndOperatingCosts": { "auth_ref": [], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatmentsOfOperations": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "label": "Formation and operating costs" } } }, "localname": "FormationAndOperatingCosts", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatmentsOfOperations" ], "xbrltype": "monetaryItemType" }, "BNIXU_InitialPublicOfferingTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "InitialPublicOfferingTextBlock", "verboseLabel": "Initial Public Offering" } } }, "localname": "InitialPublicOfferingTextBlock", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/InitialPublicOffering" ], "xbrltype": "textBlockItemType" }, "BNIXU_IssuanceOfClassBCommonStockToSponsorShares": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Issuance of common stock to Sponsors, shares" } } }, "localname": "IssuanceOfClassBCommonStockToSponsorShares", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "sharesItemType" }, "BNIXU_LoansFromSponsors": { "auth_ref": [], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "label": "LoansFromSponsors", "negatedLabel": "Loans from Sponsors" } } }, "localname": "LoansFromSponsors", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "BNIXU_PrivatePlacementTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "PrivatePlacementTextBlock", "verboseLabel": "Private Placement" } } }, "localname": "PrivatePlacementTextBlock", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/PrivatePlacement" ], "xbrltype": "textBlockItemType" }, "BNIXU_PurchaseOfCommonStockFromSponsors2": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "label": "Purchase of common stock from Sponsors" } } }, "localname": "PurchaseOfCommonStockFromSponsors2", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "BNIXU_RepurchaseOfTreasuryStockIncludedInDueToRelatedParties": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "label": "Repurchase of treasury stock included in due to related parties" } } }, "localname": "RepurchaseOfTreasuryStockIncludedInDueToRelatedParties", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "BNIXU_RepurchaseOfTreasuryStockIncludedInLoansPayableSponsors": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "label": "Repurchase of treasury stock included in loans payable - Sponsors" } } }, "localname": "RepurchaseOfTreasuryStockIncludedInLoansPayableSponsors", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "BNIXU_UnitsMember": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Units" } } }, "localname": "UnitsMember", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "domainItemType" }, "BNIXU_WarrantsMember": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Warrants" } } }, "localname": "WarrantsMember", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "domainItemType" }, "BNIXU_WorkingCapitalDeficit": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "label": "Working capital deficit" } } }, "localname": "WorkingCapitalDeficit", "nsuri": "http://bannixacquisition.com/20210630", "presentation": [ "http://bannixacquisition.com/role/OrganizationAndBusinessOperationsDetailsNarrative" ], "xbrltype": "monetaryItemType" }, "dei_AmendmentDescription": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Description of changes contained within amended document.", "label": "Amendment Description" } } }, "localname": "AmendmentDescription", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "stringItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AnnualInformationForm": { "auth_ref": [ "r201" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.", "label": "Annual Information Form" } } }, "localname": "AnnualInformationForm", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AuditedAnnualFinancialStatements": { "auth_ref": [ "r201" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.", "label": "Audited Annual Financial Statements" } } }, "localname": "AuditedAnnualFinancialStatements", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CountryRegion": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Region code of country", "label": "Country Region" } } }, "localname": "CountryRegion", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page." } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2021", "xbrltype": "stringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentAccountingStandard": { "auth_ref": [ "r200" ], "lang": { "en-us": { "role": { "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.", "label": "Document Accounting Standard" } } }, "localname": "DocumentAccountingStandard", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "accountingStandardItemType" }, "dei_DocumentAnnualReport": { "auth_ref": [ "r198", "r200", "r201" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an annual report.", "label": "Document Annual Report" } } }, "localname": "DocumentAnnualReport", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentPeriodStartDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.", "label": "Document Period Start Date" } } }, "localname": "DocumentPeriodStartDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentQuarterlyReport": { "auth_ref": [ "r199" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an quarterly report.", "label": "Document Quarterly Report" } } }, "localname": "DocumentQuarterlyReport", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentRegistrationStatement": { "auth_ref": [ "r208" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a registration statement.", "label": "Document Registration Statement" } } }, "localname": "DocumentRegistrationStatement", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentShellCompanyEventDate": { "auth_ref": [ "r200" ], "lang": { "en-us": { "role": { "documentation": "Date of event requiring a shell company report.", "label": "Document Shell Company Event Date" } } }, "localname": "DocumentShellCompanyEventDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentShellCompanyReport": { "auth_ref": [ "r200" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.", "label": "Document Shell Company Report" } } }, "localname": "DocumentShellCompanyReport", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r202" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "submissionTypeItemType" }, "dei_DocumentsIncorporatedByReferenceTextBlock": { "auth_ref": [ "r190" ], "lang": { "en-us": { "role": { "documentation": "Documents incorporated by reference.", "label": "Documents Incorporated by Reference [Text Block]" } } }, "localname": "DocumentsIncorporatedByReferenceTextBlock", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "textBlockItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityBankruptcyProceedingsReportingCurrent": { "auth_ref": [ "r193" ], "lang": { "en-us": { "role": { "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.", "label": "Entity Bankruptcy Proceedings, Reporting Current" } } }, "localname": "EntityBankruptcyProceedingsReportingCurrent", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r203" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r203" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityExTransitionPeriod": { "auth_ref": [ "r207" ], "lang": { "en-us": { "role": { "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.", "label": "Elected Not To Use the Extended Transition Period" } } }, "localname": "EntityExTransitionPeriod", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r203" ], "lang": { "en-us": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r205" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityPrimarySicNumber": { "auth_ref": [ "r201" ], "lang": { "en-us": { "role": { "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.", "label": "Entity Primary SIC Number" } } }, "localname": "EntityPrimarySicNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "sicNumberItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.", "label": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r203" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r203" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r203" ], "lang": { "en-us": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r203" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "employerIdItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_Extension": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Extension number for local phone number.", "label": "Extension" } } }, "localname": "Extension", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_OtherReportingStandardItemNumber": { "auth_ref": [ "r200" ], "lang": { "en-us": { "role": { "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.", "label": "Other Reporting Standard Item Number" } } }, "localname": "OtherReportingStandardItemNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "otherReportingStandardItemNumberItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r194" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r195" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r189" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_Security12gTitle": { "auth_ref": [ "r192" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(g) registered security.", "label": "Title of 12(g) Security" } } }, "localname": "Security12gTitle", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r191" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SecurityReportingObligation": { "auth_ref": [ "r196" ], "lang": { "en-us": { "role": { "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.", "label": "Security Reporting Obligation" } } }, "localname": "SecurityReportingObligation", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "securityReportingObligationItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r197" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r206" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "booleanItemType" }, "us-gaap_AccountingPoliciesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Accounting Policies [Abstract]" } } }, "localname": "AccountingPoliciesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent": { "auth_ref": [], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of liabilities incurred to vendors for goods and services received, and accrued liabilities classified as other, payable within one year or the normal operating cycle, if longer.", "label": "Accrued offering costs and expenses" } } }, "localname": "AccountsPayableAndOtherAccruedLiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_Assets": { "auth_ref": [ "r38", "r76", "r78", "r81", "r84", "r92", "r93", "r94", "r96", "r97", "r98", "r99", "r100", "r101", "r103", "r104", "r138", "r142", "r148", "r161", "r163", "r167", "r175" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets", "totalLabel": "Total Assets" } } }, "localname": "Assets", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "ASSETS" } } }, "localname": "AssetsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "stringItemType" }, "us-gaap_AssetsCurrent": { "auth_ref": [ "r2", "r3", "r20", "r38", "r84", "r92", "r93", "r94", "r96", "r97", "r98", "r99", "r100", "r101", "r103", "r104", "r138", "r142", "r148", "r161", "r163" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 1.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets, Current", "totalLabel": "Total current assets" } } }, "localname": "AssetsCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsCurrentAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Current Assets" } } }, "localname": "AssetsCurrentAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "stringItemType" }, "us-gaap_BasisOfAccountingPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).", "label": "Basis of Presentation" } } }, "localname": "BasisOfAccountingPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_BusinessDescriptionAndAccountingPoliciesTextBlock": { "auth_ref": [ "r40", "r75" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for the business description and accounting policies concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Accounting policies describe all significant accounting policies of the reporting entity.", "label": "Significant Accounting Policies" } } }, "localname": "BusinessDescriptionAndAccountingPoliciesTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_Cash": { "auth_ref": [ "r13", "r163", "r186", "r187" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 1.0, "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.", "label": "Cash" } } }, "localname": "Cash", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/OrganizationAndBusinessOperationsDetailsNarrative", "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations": { "auth_ref": [ "r30", "r34", "r35" ], "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations", "periodEndLabel": "Cash, end of the period", "periodStartLabel": "Cash, January 21, 2021 (inception)" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect": { "auth_ref": [ "r30", "r149" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect", "totalLabel": "Net change in cash" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ClassOfStockDomain": { "auth_ref": [ "r36", "r38", "r53", "r54", "r55", "r57", "r59", "r63", "r64", "r65", "r84", "r92", "r97", "r98", "r99", "r103", "r104", "r107", "r108", "r110", "r114", "r148", "r204" ], "lang": { "en-us": { "role": { "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock." } } }, "localname": "ClassOfStockDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "domainItemType" }, "us-gaap_CommitmentsAndContingencies": { "auth_ref": [ "r16", "r90", "r170", "r179" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.", "label": "Commitments and Contingencies (Note 6)" } } }, "localname": "CommitmentsAndContingencies", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "localname": "CommitmentsAndContingenciesDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "auth_ref": [ "r87", "r88", "r89", "r91", "r188" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for commitments and contingencies.", "label": "Commitments and Contingencies" } } }, "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/CommitmentsAndContingencies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CommonStockMember": { "auth_ref": [ "r41", "r42", "r146" ], "lang": { "en-us": { "role": { "documentation": "Stock that is subordinate to all other stock of the issuer.", "label": "Common Stock [Member]" } } }, "localname": "CommonStockMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/Cover", "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_CommonStockParOrStatedValuePerShare": { "auth_ref": [ "r8" ], "lang": { "en-us": { "role": { "documentation": "Face amount or stated value per share of common stock.", "label": "Common stock, par value" } } }, "localname": "CommonStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheetParenthetical" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockSharesAuthorized": { "auth_ref": [ "r8" ], "lang": { "en-us": { "role": { "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws.", "label": "Common stock, authorized" } } }, "localname": "CommonStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheetParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesIssued": { "auth_ref": [ "r8" ], "lang": { "en-us": { "role": { "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.", "label": "Common stock, issued" } } }, "localname": "CommonStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheetParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesOutstanding": { "auth_ref": [ "r8", "r120" ], "lang": { "en-us": { "role": { "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.", "label": "Common stock, outstanding" } } }, "localname": "CommonStockSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheetParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockValue": { "auth_ref": [ "r8", "r163" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 1.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Common stock, par value $0.01; authorized 10,000,000 shares; issued 3,162,500; 1,725,000 shares outstanding (excluding 1,437,500 Treasury Stock shares)(1)" } } }, "localname": "CommonStockValue", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_ConcentrationRiskCreditRisk": { "auth_ref": [ "r69", "r173" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for credit risk.", "label": "Concentration of Credit Risk" } } }, "localname": "ConcentrationRiskCreditRisk", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ConvertibleDebt": { "auth_ref": [ "r5", "r168", "r176" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 4.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company.", "label": "Promissory note - related party" } } }, "localname": "ConvertibleDebt", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAdjustment": { "auth_ref": [ "r105" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The amount of any adjustment recognized to the balance of unamortized issuance costs associated with a share-lending arrangement entered into by the entity, in contemplation of a convertible debt offering or other financing, due, for example, to default by the share borrower.", "label": "Deferred Finance Costs, Own-share Lending Arrangement, Issuance Costs, Adjustment", "negatedLabel": "Deferred offering costs" } } }, "localname": "DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAdjustment", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredOfferingCosts": { "auth_ref": [ "r19", "r86" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 2.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Specific incremental costs directly attributable to a proposed or actual offering of securities which are deferred at the end of the reporting period.", "label": "Deferred offering costs" } } }, "localname": "DeferredOfferingCosts", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_DueToRelatedPartiesCurrent": { "auth_ref": [ "r14", "r39", "r95", "r97", "r98", "r102", "r103", "r104", "r158" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).", "label": "Due to related parties" } } }, "localname": "DueToRelatedPartiesCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_EarningsPerShareBasicAndDiluted": { "auth_ref": [ "r58" ], "lang": { "en-us": { "role": { "documentation": "The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.", "label": "Basic and diluted net loss per share" } } }, "localname": "EarningsPerShareBasicAndDiluted", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatmentsOfOperations" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerSharePolicyTextBlock": { "auth_ref": [ "r60", "r61" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.", "label": "Net Loss Per Share" } } }, "localname": "EarningsPerSharePolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_EquityAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Equity [Abstract]" } } }, "localname": "EquityAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_EquityComponentDomain": { "auth_ref": [ "r0", "r24", "r25", "r26", "r41", "r42", "r43", "r45", "r50", "r52", "r62", "r85", "r120", "r121", "r125", "r126", "r127", "r135", "r136", "r146", "r150", "r151", "r152", "r153", "r154", "r155", "r181", "r182", "r183", "r209" ], "lang": { "en-us": { "role": { "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc." } } }, "localname": "EquityComponentDomain", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.", "label": "Fair Value of Financial Instruments" } } }, "localname": "FairValueMeasurementPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeStatementAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Income Statement [Abstract]" } } }, "localname": "IncomeStatementAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxPolicyTextBlock": { "auth_ref": [ "r23", "r129", "r130", "r131", "r132", "r133", "r134" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.", "label": "Income Taxes" } } }, "localname": "IncomeTaxPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncreaseDecreaseInAccountsPayable": { "auth_ref": [ "r32" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.", "label": "Accounts payable \u2013 Sponsors" } } }, "localname": "IncreaseDecreaseInAccountsPayable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInNotesPayableCurrent": { "auth_ref": [ "r32" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The increase (decrease) during the reporting period in current portion (due within one year or one business cycle) of obligations evidenced by formal promissory notes.", "label": "Promissory note payable to Sponsor" } } }, "localname": "IncreaseDecreaseInNotesPayableCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Changes in operating assets and liabilities:" } } }, "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesAndStockholdersEquity": { "auth_ref": [ "r12", "r38", "r84", "r148", "r163", "r169", "r178" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.", "label": "Liabilities and Equity", "totalLabel": "Total Liabilities and Stockholders\u2019 Equity" } } }, "localname": "LiabilitiesAndStockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "LIABILITIES AND STOCKHOLDERS\u2019 EQUITY" } } }, "localname": "LiabilitiesAndStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesCurrent": { "auth_ref": [ "r15", "r38", "r84", "r92", "r93", "r94", "r97", "r98", "r99", "r100", "r101", "r103", "r104", "r139", "r142", "r143", "r148", "r161", "r162", "r163" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.", "label": "Liabilities, Current", "totalLabel": "Total current liabilities" } } }, "localname": "LiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesCurrentAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Current Liabilities" } } }, "localname": "LiabilitiesCurrentAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "stringItemType" }, "us-gaap_LoansPayable": { "auth_ref": [ "r5", "r168", "r174" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 3.0, "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Including the current and noncurrent portions, aggregate carrying value as of the balance sheet date of loans payable (with maturities initially due after one year or beyond the operating cycle if longer).", "label": "Loans payable \u2013 Sponsors" } } }, "localname": "LoansPayable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_NatureOfOperations": { "auth_ref": [ "r66", "r75" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.", "label": "Organization and Business Operations" } } }, "localname": "NatureOfOperations", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/OrganizationAndBusinessOperations" ], "xbrltype": "textBlockItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "auth_ref": [ "r30" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.", "label": "Net Cash Provided by (Used in) Financing Activities", "totalLabel": "Net cash provided by financing activities" } } }, "localname": "NetCashProvidedByUsedInFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Cash Flows from Financing Activities:" } } }, "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "auth_ref": [ "r30", "r31", "r33" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0 } }, "lang": { "en-us": { "role": { "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.", "label": "Net Cash Provided by (Used in) Operating Activities", "totalLabel": "Net cash used in operating activities" } } }, "localname": "NetCashProvidedByUsedInOperatingActivities", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLoss": { "auth_ref": [ "r1", "r21", "r22", "r26", "r27", "r33", "r38", "r44", "r46", "r47", "r48", "r49", "r51", "r52", "r56", "r76", "r77", "r79", "r80", "r82", "r84", "r92", "r93", "r94", "r97", "r98", "r99", "r100", "r101", "r103", "r104", "r147", "r148", "r171", "r180" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://bannixacquisition.com/role/UnauditedCondensedStatmentsOfOperations": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.", "label": "Net Income (Loss) Attributable to Parent", "totalLabel": "Net loss", "verboseLabel": "Net loss" } } }, "localname": "NetIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows", "http://bannixacquisition.com/role/UnauditedCondensedStatmentsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.", "label": "Recent Accounting Pronouncements" } } }, "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_NoncashInvestingAndFinancingItemsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Supplemental disclosure of cash flow information:" } } }, "localname": "NoncashInvestingAndFinancingItemsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Organization, Consolidation and Presentation of Financial Statements [Abstract]" } } }, "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_ProceedsFromIssuanceOrSaleOfEquity": { "auth_ref": [ "r28" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity.", "label": "Proceeds from sale of common stock to Sponsors" } } }, "localname": "ProceedsFromIssuanceOrSaleOfEquity", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProfitLoss": { "auth_ref": [ "r1", "r21", "r22", "r26", "r29", "r38", "r44", "r51", "r52", "r76", "r77", "r79", "r80", "r82", "r84", "r92", "r93", "r94", "r97", "r98", "r99", "r100", "r101", "r103", "r104", "r137", "r140", "r141", "r144", "r145", "r147", "r148", "r172" ], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.", "label": "Net loss" } } }, "localname": "ProfitLoss", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_RelatedPartyTransactionsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Related Party Transactions [Abstract]" } } }, "localname": "RelatedPartyTransactionsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsDisclosureTextBlock": { "auth_ref": [ "r156", "r157", "r158", "r159", "r160" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.", "label": "Related Party Transactions" } } }, "localname": "RelatedPartyTransactionsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/RelatedPartyTransactions" ], "xbrltype": "textBlockItemType" }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "auth_ref": [ "r9", "r121", "r128", "r163", "r177", "r184", "r185" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 2.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Accumulated deficit" } } }, "localname": "RetainedEarningsAccumulatedDeficit", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_RetainedEarningsMember": { "auth_ref": [ "r0", "r41", "r42", "r43", "r45", "r50", "r52", "r85", "r125", "r126", "r127", "r135", "r136", "r146", "r181", "r183" ], "lang": { "en-us": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings [Member]" } } }, "localname": "RetainedEarningsMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_RightsMember": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "A security giving shareholders entitlement to acquire new shares issued by the entity at an established price in proportion to the number of shares already owned. Generally, rights expire within in a short time after issuance.", "label": "Rights [Member]" } } }, "localname": "RightsMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "domainItemType" }, "us-gaap_SharesOutstanding": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Number of shares issued which are neither cancelled nor held in the treasury.", "label": "Shares, Outstanding", "periodEndLabel": "Ending balance, shares", "periodStartLabel": "Beginning balance, shares" } } }, "localname": "SharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StatementClassOfStockAxis": { "auth_ref": [ "r6", "r7", "r8", "r36", "r38", "r53", "r54", "r55", "r57", "r59", "r63", "r64", "r65", "r84", "r92", "r97", "r98", "r99", "r103", "r104", "r107", "r108", "r110", "r114", "r120", "r148", "r204" ], "lang": { "en-us": { "role": { "documentation": "Information by the different classes of stock of the entity.", "label": "Class of Stock [Axis]" } } }, "localname": "StatementClassOfStockAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/Cover" ], "xbrltype": "stringItemType" }, "us-gaap_StatementEquityComponentsAxis": { "auth_ref": [ "r0", "r18", "r24", "r25", "r26", "r41", "r42", "r43", "r45", "r50", "r52", "r62", "r85", "r120", "r121", "r125", "r126", "r127", "r135", "r136", "r146", "r150", "r151", "r152", "r153", "r154", "r155", "r181", "r182", "r183", "r209" ], "lang": { "en-us": { "role": { "documentation": "Information by component of equity.", "label": "Equity Components [Axis]" } } }, "localname": "StatementEquityComponentsAxis", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_StatementLineItems": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Statement [Line Items]" } } }, "localname": "StatementLineItems", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/Cover", "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_StatementOfCashFlowsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Statement of Cash Flows [Abstract]" } } }, "localname": "StatementOfCashFlowsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfFinancialPositionAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Statement of Financial Position [Abstract]" } } }, "localname": "StatementOfFinancialPositionAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfStockholdersEquityAbstract": { "auth_ref": [], "localname": "StatementOfStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementTable": { "auth_ref": [ "r41", "r42", "r43", "r62", "r166" ], "lang": { "en-us": { "role": { "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.", "label": "Statement [Table]" } } }, "localname": "StatementTable", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/Cover", "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "stringItemType" }, "us-gaap_StockIssuedDuringPeriodValueOther": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Value of shares of stock issued attributable to transactions classified as other.", "label": "Issuance of common stock to Sponsors" } } }, "localname": "StockIssuedDuringPeriodValueOther", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquity": { "auth_ref": [ "r8", "r10", "r11", "r38", "r83", "r84", "r148", "r163" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.", "label": "Stockholders' Equity Attributable to Parent", "periodEndLabel": "Ending balance, value", "periodStartLabel": "Beginning balance, value", "totalLabel": "Total stockholders\u2019 equity" } } }, "localname": "StockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet", "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Stockholders\u2019 Equity" } } }, "localname": "StockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteDisclosureTextBlock": { "auth_ref": [ "r37", "r108", "r109", "r110", "r111", "r112", "r113", "r114", "r115", "r116", "r117", "r118", "r119", "r121", "r124" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.", "label": "Stockholders' Equity Note Disclosure [Text Block]", "verboseLabel": "Stockholders\u2019 Equity" } } }, "localname": "StockholdersEquityNoteDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/StockholdersEquity" ], "xbrltype": "textBlockItemType" }, "us-gaap_SubsequentEventsAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Subsequent Events [Abstract]" } } }, "localname": "SubsequentEventsAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventsTextBlock": { "auth_ref": [ "r164", "r165" ], "lang": { "en-us": { "role": { "documentation": "The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.", "label": "Subsequent Events" } } }, "localname": "SubsequentEventsTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SubsequentEvents" ], "xbrltype": "textBlockItemType" }, "us-gaap_TemporaryEquityDisclosureAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "label": "Temporary Equity Disclosure [Abstract]" } } }, "localname": "TemporaryEquityDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "xbrltype": "stringItemType" }, "us-gaap_TemporaryEquityTableTextBlock": { "auth_ref": [ "r4", "r106" ], "lang": { "en-us": { "role": { "documentation": "Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.", "label": "Warrant Liability" } } }, "localname": "TemporaryEquityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/WarrantLiability" ], "xbrltype": "textBlockItemType" }, "us-gaap_TreasuryStockMember": { "auth_ref": [ "r17", "r122" ], "lang": { "en-us": { "role": { "documentation": "Shares of an entity that have been repurchased by the entity. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer.", "label": "Treasury Stock [Member]" } } }, "localname": "TreasuryStockMember", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatementsOfChangesInStockholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_TreasuryStockShares": { "auth_ref": [ "r17", "r122" ], "lang": { "en-us": { "role": { "documentation": "Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.", "label": "Treasury Stock, Shares" } } }, "localname": "TreasuryStockShares", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheetParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_TreasuryStockValue": { "auth_ref": [ "r17", "r122", "r123" ], "calculation": { "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet": { "order": 3.0, "parentTag": "us-gaap_StockholdersEquity", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-us": { "role": { "documentation": "The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.", "label": "Treasury Stock, Value", "negatedLabel": "Less Treasury Stock; at cost, 1,437,500 shares" } } }, "localname": "TreasuryStockValue", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedBalanceSheet" ], "xbrltype": "monetaryItemType" }, "us-gaap_UseOfEstimates": { "auth_ref": [ "r67", "r68", "r70", "r71", "r72", "r73", "r74" ], "lang": { "en-us": { "role": { "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.", "label": "Use of Estimates" } } }, "localname": "UseOfEstimates", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/SignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).", "label": "Basic and diluted weighted average shares outstanding (1)" } } }, "localname": "WeightedAverageNumberOfShareOutstandingBasicAndDiluted", "nsuri": "http://fasb.org/us-gaap/2021-01-31", "presentation": [ "http://bannixacquisition.com/role/UnauditedCondensedStatmentsOfOperations" ], "xbrltype": "sharesItemType" } }, "unitCount": 3 } }, "std_ref": { "r0": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "105", "URI": "http://asc.fasb.org/extlink&oid=124434974&loc=SL124442142-165695" }, "r1": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760" }, "r10": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r100": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r101": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r102": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(C))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r103": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(iv))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r104": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(5))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" }, "r105": { "Name": "Accounting Standards Codification", "Paragraph": "2C", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=123466505&loc=SL6757497-112611" }, "r106": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Topic": "480", "URI": "http://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764" }, "r107": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644" }, "r108": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644" }, "r109": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644" }, "r11": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(31))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r110": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644" }, "r111": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(i)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644" }, "r112": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644" }, "r113": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644" }, "r114": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644" }, "r115": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644" }, "r116": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644" }, "r117": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644" }, "r118": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644" }, "r119": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644" }, "r12": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(32))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r120": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644" }, "r121": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-04)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770" }, "r122": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655" }, "r123": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656" }, "r124": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "505", "URI": "http://asc.fasb.org/topic&trid=2208762" }, "r125": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333" }, "r126": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(f)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333" }, "r127": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(f)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333" }, "r128": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(g)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333" }, "r129": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123427490&loc=d3e32247-109318" }, "r13": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.1)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r130": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123427490&loc=d3e32280-109318" }, "r131": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319" }, "r132": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319" }, "r133": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32847-109319" }, "r134": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319" }, "r135": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(d)(2)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277" }, "r136": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(d)(3)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=123459177&loc=SL121830611-158277" }, "r137": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=123454820&loc=SL4569616-111683" }, "r138": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988" }, "r139": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988" }, "r14": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r140": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r141": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r142": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bb)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685" }, "r143": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685" }, "r144": { "Name": "Accounting Standards Codification", "Paragraph": "4J", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686" }, "r145": { "Name": "Accounting Standards Codification", "Paragraph": "4K", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686" }, "r146": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(e)(3)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011" }, "r147": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(f)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011" }, "r148": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612" }, "r149": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "230", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=123444420&loc=d3e33268-110906" }, "r15": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.21)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r150": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900" }, "r151": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900" }, "r152": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900" }, "r153": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(c)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900" }, "r154": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900" }, "r155": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901" }, "r156": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r157": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r158": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r159": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864" }, "r16": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.25)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r160": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "850", "URI": "http://asc.fasb.org/topic&trid=2122745" }, "r161": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "852", "URI": "http://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765" }, "r162": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "852", "URI": "http://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765" }, "r163": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "852", "URI": "http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766" }, "r164": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "855", "URI": "http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662" }, "r165": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "855", "URI": "http://asc.fasb.org/topic&trid=2122774" }, "r166": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 11.L)", "Topic": "924", "URI": "http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856" }, "r167": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(11))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r168": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(16))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r169": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r17": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29,30)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r170": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.17)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878" }, "r171": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260" }, "r172": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "235", "Subparagraph": "(SX 210.9-05(b)(2))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884" }, "r173": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "825", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=123345438&loc=d3e61044-112788" }, "r174": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(16)(a)(2))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r175": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(12))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r176": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(16))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r177": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r178": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(25))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r179": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.(a),19)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910" }, "r18": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29-31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r180": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(18))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263" }, "r181": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(e)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r182": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(f)(1)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r183": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(f)(2)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r184": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(g)(2)(i)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r185": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "40", "Subparagraph": "(h)(2)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641" }, "r186": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "210", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=118262064&loc=SL116631418-115840" }, "r187": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "45", "SubTopic": "210", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=118262064&loc=SL116631419-115840" }, "r188": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "440", "Subparagraph": "(a)", "Topic": "954", "URI": "http://asc.fasb.org/extlink&oid=6491277&loc=d3e6429-115629" }, "r189": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r19": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.8)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r190": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-23" }, "r191": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r192": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "g" }, "r193": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12, 13, 15d" }, "r194": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r195": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r196": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "15", "Subsection": "d" }, "r197": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r198": { "Name": "Form 10-K", "Number": "249", "Publisher": "SEC", "Section": "310" }, "r199": { "Name": "Form 10-Q", "Number": "240", "Publisher": "SEC", "Section": "308", "Subsection": "a" }, "r2": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765" }, "r20": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.9)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r200": { "Name": "Form 20-F", "Number": "249", "Publisher": "SEC", "Section": "220", "Subsection": "f" }, "r201": { "Name": "Form 40-F", "Number": "249", "Publisher": "SEC", "Section": "240", "Subsection": "f" }, "r202": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1" }, "r203": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r204": { "Name": "Regulation S-K (SK)", "Number": "229", "Paragraph": "(a)", "Publisher": "SEC", "Section": "1402" }, "r205": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405" }, "r206": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" }, "r207": { "Name": "Securities Act", "Number": "7A", "Publisher": "SEC", "Section": "B", "Subsection": "2" }, "r208": { "Name": "Securities Act", "Number": "Section", "Publisher": "SEC", "Section": "12" }, "r209": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(a)(3)(iii)(03)", "Topic": "848" }, "r21": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580" }, "r22": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580" }, "r23": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL116659661-227067" }, "r24": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067" }, "r25": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067" }, "r26": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067" }, "r27": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(20))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227" }, "r28": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585" }, "r29": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3000-108585" }, "r3": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=124098289&loc=d3e6801-107765" }, "r30": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3521-108585" }, "r31": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3536-108585" }, "r32": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585" }, "r33": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585" }, "r34": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123570139&loc=d3e3044-108585" }, "r35": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=123431023&loc=SL98516268-108586" }, "r36": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(d))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r37": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(e)(1))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r38": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(g)(1)(ii))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r39": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(k)(1))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690" }, "r4": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(27)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r40": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "235", "URI": "http://asc.fasb.org/topic&trid=2122369" }, "r41": { "Name": "Accounting Standards Codification", "Paragraph": "23", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21914-107793" }, "r42": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21930-107793" }, "r43": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124436220&loc=d3e21711-107793" }, "r44": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)(2)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794" }, "r45": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)(3)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794" }, "r46": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794" }, "r47": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794" }, "r48": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794" }, "r49": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794" }, "r5": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(22))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r50": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794" }, "r51": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794" }, "r52": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794" }, "r53": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1252-109256" }, "r54": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1278-109256" }, "r55": { "Name": "Accounting Standards Codification", "Paragraph": "55", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e2626-109256" }, "r56": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256" }, "r57": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256" }, "r58": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=125511455&loc=d3e1337-109256" }, "r59": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257" }, "r6": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(27))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r60": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257" }, "r61": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257" }, "r62": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "272", "URI": "http://asc.fasb.org/extlink&oid=125520817&loc=d3e70191-108054" }, "r63": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "272", "URI": "http://asc.fasb.org/extlink&oid=125520817&loc=d3e70229-108054" }, "r64": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "272", "URI": "http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055" }, "r65": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "272", "URI": "http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055" }, "r66": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r67": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r68": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r69": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r7": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(28))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r70": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592" }, "r71": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592" }, "r72": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592" }, "r73": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592" }, "r74": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592" }, "r75": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "275", "URI": "http://asc.fasb.org/topic&trid=2134479" }, "r76": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599" }, "r77": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599" }, "r78": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599" }, "r79": { "Name": "Accounting Standards Codification", "Paragraph": "31", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599" }, "r8": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(29))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r80": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599" }, "r81": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599" }, "r82": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599" }, "r83": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 4.E)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707" }, "r84": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r85": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "326", "URI": "http://asc.fasb.org/extlink&oid=122640432&loc=SL121648383-210437" }, "r86": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.A)", "Topic": "340", "URI": "http://asc.fasb.org/extlink&oid=122040515&loc=d3e105025-122735" }, "r87": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "440", "URI": "http://asc.fasb.org/extlink&oid=123406679&loc=d3e25336-109308" }, "r88": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "440", "URI": "http://asc.fasb.org/extlink&oid=123406679&loc=d3e25336-109308" }, "r89": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "440", "URI": "http://asc.fasb.org/topic&trid=2144648" }, "r9": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682" }, "r90": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=121557415&loc=d3e14326-108349" }, "r91": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "450", "URI": "http://asc.fasb.org/topic&trid=2127136" }, "r92": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(i))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r93": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(ii))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r94": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(iii)(A))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r95": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(iii)(B))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r96": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(iii))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r97": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(4)(iv))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r98": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-01(a)(5))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756" }, "r99": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.13-02(a)(4)(i))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756" } }, "version": "2.1" } ZIP 35 0001575705-21-000719-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001575705-21-000719-xbrl.zip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end