Home

Bannix Acquisition Corp. (BNIX) red flags

CIK 0001845942 路 Woodcliff Lake, NJ 路 SIC 7372 路 All EDGAR filings

1 verified red-flag event(s) since 2025-04-01 and 21 earlier one(s) from our 2015-2025 history. Red flag score: 12 how it's calculated

3Bannix Acquisition Corp. (BNIX) Going-concern doubt (10-Q)nano2025-05-15
quarterly (unaudited) disclosure 路 company history

Earlier red flags (2015 to Apr 2025)

FiledFlag (links to the SEC filing)SeverityWhy
2024-08-01Going-concern doubt (10-Q)4quarterly (unaudited) disclosure; also within 90 days: Filing-delay notice, quarterly report (NT 10-Q)
2024-06-24Going-concern doubt (10-Q)4quarterly (unaudited) disclosure; also within 90 days: Filing-delay notice, annual report (NT 10-K), Filing-delay notice, quarterly report (NT 10-Q)
2024-05-31Going-concern doubt5in auditor's report; also within 90 days: Filing-delay notice, annual report (NT 10-K), Filing-delay notice, quarterly report (NT 10-Q)
2024-05-14Late quarterly report (NT 10-Q)4filed late on 2024-06-24; also within 90 days: Going-concern doubt, Filing-delay notice, annual report (NT 10-K)
2024-03-29Late annual report (NT 10-K)5filed late on 2024-05-31; also within 90 days: Going-concern doubt, Filing-delay notice, quarterly report (NT 10-Q)
2023-11-21Going-concern doubt (10-Q)4quarterly (unaudited) disclosure; also within 90 days: Auditor change, Filing-delay notice, quarterly report (NT 10-Q)
2023-11-15Late quarterly report (NT 10-Q)4filed late on 2023-11-21; also within 90 days: Auditor change, Going-concern doubt
2023-10-04Going-concern doubt (10-Q)4quarterly (unaudited) disclosure; also within 90 days: Auditor change, Filing-delay notice, quarterly report (NT 10-Q)
2023-09-12Auditor change4also within 90 days: Going-concern doubt, Filing-delay notice, quarterly report (NT 10-Q)
2023-08-15Late quarterly report (NT 10-Q)4filed late on 2023-10-04; also within 90 days: Auditor change, Going-concern doubt
2023-05-22Going-concern doubt (10-Q)4quarterly (unaudited) disclosure; also within 90 days: Filing-delay notice, quarterly report (NT 10-Q)
2023-05-15Filing-delay notice, quarterly report filed within extension (NT 10-Q)1report filed within the extension on 2023-05-22
2023-04-11Going-concern doubt5in auditor's report
2023-03-31Filing-delay notice, annual report filed within extension (NT 10-K)1report filed within the extension on 2023-04-11
2022-11-22Going-concern doubt (10-Q)4quarterly (unaudited) disclosure; also within 90 days: Filing-delay notice, quarterly report (NT 10-Q), Non-reliance / restatement
2022-11-14Late quarterly report (NT 10-Q)4filed late on 2022-11-22; also within 90 days: Going-concern doubt, Non-reliance / restatement
2022-11-09Going-concern doubt (10-Q)4quarterly (unaudited) disclosure; also within 90 days: Filing-delay notice, quarterly report (NT 10-Q), Non-reliance / restatement
2022-08-31Non-reliance / restatement5also within 90 days: Auditor change, Going-concern doubt, Filing-delay notice, quarterly report (NT 10-Q)
2022-08-15Late quarterly report (NT 10-Q)4filed late on 2022-11-09; also within 90 days: Auditor change, Going-concern doubt, Non-reliance / restatement
2022-08-01Auditor change2routine: audit firm merged/was acquired; also within 90 days: Going-concern doubt, Filing-delay notice, quarterly report (NT 10-Q), Non-reliance / restatement
2022-05-13Going-concern doubt (10-Q)4quarterly (unaudited) disclosure; also within 90 days: Auditor change

From our 10-year history, classified with the same rules as current flags. Older flags have no page of their own; see the research study for how flagged stocks did afterwards.

Red flag score: 12 / 100 · low

Computed only from the verified red flags below: each flag earns points for its severity, loses half its weight every 180 days, and companies with several different flag types in the past year get a bonus. Total points 6.5 → score = 100 × (1 − e−points/50) = 12. Full method

FlagFiledSeverityPointsAgeDecayCounts
Going-concern doubt2025-05-153/514.0521 d×0.131.9
Going-concern doubt (history)2024-08-013/514.0808 d×0.040.6
Going-concern doubt (history)2024-06-243/514.0846 d×0.040.5
Going-concern doubt (history)2024-05-315/530.0870 d×0.041.1
Late quarterly report (NT 10-Q) (history)2024-05-143/59.8887 d×0.030.3
Late annual report (NT 10-K) (history)2024-03-294/519.8933 d×0.030.5
Going-concern doubt (history)2023-11-213/514.01062 d×0.020.2
Late quarterly report (NT 10-Q) (history)2023-11-153/59.81068 d×0.020.2
Going-concern doubt (history)2023-10-043/514.01110 d×0.010.2
Auditor change (history)2023-09-123/514.01132 d×0.010.2
Late quarterly report (NT 10-Q) (history)2023-08-153/59.81160 d×0.010.1
Going-concern doubt (history)2023-05-223/514.01245 d×0.010.1
Filing-delay notice, quarterly report filed within extension (NT 10-Q) (history)2023-05-151/51.21252 d×0.010.0
Going-concern doubt (history)2023-04-115/530.01286 d×0.010.2
Filing-delay notice, annual report filed within extension (NT 10-K) (history)2023-03-311/51.21297 d×0.010.0
Going-concern doubt (history)2022-11-223/514.01426 d×0.000.1
Late quarterly report (NT 10-Q) (history)2022-11-143/59.81434 d×0.000.0
Going-concern doubt (history)2022-11-093/514.01439 d×0.000.1
Non-reliance / restatement (history)2022-08-315/530.01509 d×0.000.1
Late quarterly report (NT 10-Q) (history)2022-08-153/59.81525 d×0.000.0
Auditor change (history)2022-08-011/54.01539 d×0.000.0
Going-concern doubt (history)2022-05-133/514.01619 d×0.000.0

The red flag score summarizes how many, how serious and how recent a company's verified SEC red-flag filings are. It describes filing events only. It is not a fraud score, credit rating or prediction, and not investment advice.

What happened next

FlagDateCap at flag30d90d180d1y
Going-concern doubt2025-05-15$31.8M+2.1%n/an/an/a
Going-concern doubt2024-08-01$42.5M+0.9%+0.2%+5.6%n/a
Going-concern doubt2024-06-24$45.0M+0.8%+0.5%+1.5%+17.9%
Going-concern doubt2024-05-31$45.0Mn/a+1.5%+1.6%+3.2%
Late quarterly report (NT 10-Q)2024-05-14$44.7M+0.8%+1.0%+2.6%+5.5%
Late annual report (NT 10-K)2024-03-29$58.9M-0.1%+0.8%+1.4%+9.2%
Going-concern doubt2023-11-21$58.3M+0.4%+1.7%+2.1%+4.9%
Late quarterly report (NT 10-Q)2023-11-15$58.6M-0.1%+1.2%+2.2%+4.9%
Going-concern doubt2023-10-04$58.2M+0.6%+1.0%+2.6%+4.0%
Auditor change2023-09-12$58.1M+0.4%+0.6%+3.0%+4.9%
Late quarterly report (NT 10-Q)2023-08-15$57.9M+0.4%+1.1%+2.4%+4.5%
Going-concern doubt2023-05-22$57.2M-0.2%+1.4%+2.4%+4.5%
Filing-delay notice, quarterly report filed within extension (NT 10-Q)2023-05-15$57.1M+0.0%+1.4%+2.6%+4.7%
Going-concern doubt2023-04-11$56.8M+0.5%+1.3%+2.7%n/a
Filing-delay notice, annual report filed within extension (NT 10-K)2023-03-31$56.6M+0.5%+0.8%+2.8%+5.5%
Going-concern doubt2022-11-22$94.9M+0.2%+2.7%+4.1%+6.1%
Late quarterly report (NT 10-Q)2022-11-14$95.4M+0.3%+2.0%+3.3%+5.9%
Going-concern doubt2022-11-09$94.6M+1.1%+2.5%+3.7%+6.8%
Non-reliance / restatement2022-08-31$94.4M-0.6%+0.9%+3.4%+6.0%
Late quarterly report (NT 10-Q)2022-08-15$94.4M-0.6%+1.0%+3.0%+5.8%
Auditor change2022-08-01$94.1M+0.4%+0.6%+3.1%+6.0%
Going-concern doubt2022-05-13$93.7M-0.1%+0.8%+1.0%+5.1%

Stock return after each flag; pending = window not yet elapsed; n/a = no price data (for older flags often because the stock no longer trades).

Get the weekly "Red Flags" newsletter

The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.

Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.

Form not showing? Subscribe on beehiiv →

Newsletter delivered by beehiiv. See our privacy policy.