<SEC-DOCUMENT>0001731122-24-001918.txt : 20250730
<SEC-HEADER>0001731122-24-001918.hdr.sgml : 20250730
<ACCEPTANCE-DATETIME>20241204152905
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001731122-24-001918
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241204

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VisionWave Holdings, Inc.
		CENTRAL INDEX KEY:			0002038439
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				995002777
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1063 N. SPAULDING AVE
		CITY:			WEST HOLLYWOOD
		STATE:			CA
		ZIP:			90046
		BUSINESS PHONE:		(302) 305-4790

	MAIL ADDRESS:	
		STREET 1:		300 DELAWARE AVE. SUITE 210 #301
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 10pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: center"><B>VisionWave Holdings, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: center"><B>300 Delaware Ave., Suite 210 # 301</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: center"><B>Wilmington, Delaware 19801</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">December 4, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Via Edgar</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ms. Aliya Ishmukhamedova</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Office of Technology</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">United State Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="text-align: right; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Re:</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0pt; width: 92%; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>VisionWave Holdings, Inc.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amendment No. 1 to Draft Registration Statement
    on Form S-4</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Submitted October 16, 2024</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CIK No. 0002038439</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ms. Ishmukhamedova:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The following responses address the comments of the
staff (the &ldquo;Staff&rdquo;) of the Securities and Exchange Commission as set forth in its letter dated November 15, 2024 (the &ldquo;Comment
Letter&rdquo;) relating to the Draft Registration Statement on Form S-4 submitted October 16, 2024 (the &ldquo;Registration Statement&rdquo;)
of VisionWave Holdings Inc. (the &ldquo;VisionWave&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">For the Staff&rsquo;s convenience, the Staffs&rsquo;
comments have been stated below in their entirety, followed by the corresponding responses from the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 128.2pt 0 7.75pt"><U>Amendment No. 1 to Draft Registration Statement on
Form S-4 Cover Page</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 128.2pt 0 7.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.7pt"></TD><TD STYLE="width: 35.4pt">1.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to include Sponsor compensation disclosures and include cross- references that highlight,
by prominent type or in another manner, the locations of related disclosures in the prospectus. Refer to Items 1604(a)(3) and (4) of Regulation
<FONT STYLE="letter-spacing: -0.2pt">S-K.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 43.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">We
have revised the Cover Page to </FONT>include Sponsor compensation disclosures and cross references highlighted in prominent type.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.75pt"></TD><TD STYLE="width: 35.35pt">2.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to disclose the SPAC did not receive a report, opinion, or <FONT STYLE="letter-spacing: -0.1pt">appraisal in connection with its determination that the Business
Combination is advisable. Refer to Item 1604(a)(1) of Regulation S-K.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 43.1pt; text-indent: -35.35pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 43.1pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 43.1pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 7.1pt; text-indent: 36pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 7.1pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">Bannix
Acquisition Corp. (&ldquo;Bannix&rdquo;) did not receive </FONT>a report, opinion, or <FONT STYLE="letter-spacing: -0.1pt">appraisal </FONT>in
connection with its determination that the Business Combination is advisable. The Cover Page has been revised accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Notice of Special Meeting of Stockholders, page <FONT STYLE="letter-spacing: -0.5pt">7</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">3.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Proposal No. 2, The Stock Issuance Proposal, refers to the issuance of up to 11.0 million shares of
VisionWave common stock pursuant to the Merger Agreement, which you state on page 59 are valued at $10.00 per share. However, disclosures
elsewhere refer to the issuance of 3.0 million shares of Bannix common stock, the number of which appears to be calculated based on the
$30.0 million Business Combination purchase price disclosed on page F-84. Please explain this apparent inconsistency and revise disclosures
throughout the filing as necessary.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">Please
note the following transaction history. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 61.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="color: #212529">On March 26, 2024, Bannix, VisionWave, VisionWave Technologies, Inc. (&ldquo;Target&rdquo;),
and the shareholders of Target (the &ldquo;Target Shareholders&rdquo;), entered into a Business Combination Agreement (the &ldquo;Business
Combination Agreement&rdquo;), pursuant to which Bannix would have acquired all of the issued and outstanding share capital of Target
from the Target Shareholders in exchange for the issuance of 3,000,000 shares of common stock of Bannix and Target would have become a
direct wholly owned subsidiary of Bannix and the other transactions contemplated by the Business Combination Agreement and the Ancillary
Documents referred to therein.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 79.1pt; text-indent: -18pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 61.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.2pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt">On September 6, 2024, the parties entered into a Merger Agreement and Plan of Reorganization (the &ldquo;Merger
Agreement&rdquo;), by and among Bannix, VisionWave, BNIX Merger Sub, Inc., BNIX VW Merger Sub, Inc. and Target. The Merger Agreement amended
and restated the Business Combination Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 79.1pt; text-indent: -18pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 61.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.2pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt">Upon closing of the Merger, VisionWave will issue 11,000,000 shares of common stock to the Target Shareholders
and one share of common stock to the shareholders of Bannix for each share of common stock of Bannix that is not redeemed.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 79.1pt; text-indent: -18pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 79.1pt; text-align: justify; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">As
a result of the above, the Business Combination Agreement was amended and restated by the Merger Agreement and the consideration to be
issued to the Target Shareholders was increased from 3,000,000 shares of Bannix in accordance with the Business Combination Agreement
to 11,000,000 shares of common stock of VisionWave as per the Merger Agreement. We have clarified the disclosure in various locations.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 79.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 79.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">Please
note that the disclosure on page F-84 was as of June 30, 2024 and the Merger Agreement is considered a subsequent event. The financials
will be updated to include September 2024. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 79.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 79.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 79.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Certain Defined Terms, page <FONT STYLE="letter-spacing: -0.25pt">14</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">4.</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 28.2pt 0 46.1pt; text-indent: 0cm">We note you define the term &ldquo;Founders shares&rdquo; on page 15 as the 475,000 shares acquired
by Instant Fame, your Sponsor. However, elsewhere you refer to these shares as shares held by your Sponsor or similar. Additionally, on
page F-50 you refer to 130,000 equity awards issued in September 2021 as Founders Shares that will vest upon the Business Combination.
Please revise to differentiate between the 475,000 shares acquired by Instant Fame, your Sponsor, and the 130,000 equity awards referred
to as Founders Shares in your footnotes. Ensure references throughout the filing are consistent.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.25pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: justify; text-indent: 0.6pt">We revised the definition
of Former Sponsor - &ldquo;Former Sponsor&rdquo; means the original sponsors who were Subash Menon and Sudeesh Yezhuvath (through their
investment entity Bannix Management LLP), Suresh Yezhuvath and Seema Rao.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: justify; text-indent: 0.6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">5.</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0 28.2pt 0 46.1pt; text-indent: 0cm">Your reference to &ldquo;VW&rdquo; in your pro forma disclosures appears to refer to VisionWave Technologies,
Inc., which you refer to as the &ldquo;Target&rdquo; on page 4. Please revise to define VisionWave Technologies, Inc. and how it is referenced
throughout the filing.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.1pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.1pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.1pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.1pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">We
have revised throughout to define </FONT>VisionWave Technologies, Inc. as the &ldquo;Target&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.1pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Questions and Answers about the business combination and
the special <FONT STYLE="letter-spacing: -0.1pt">meeting</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Q: What equity stake will current the Company Stockholders
and Target Holders hold in VisionWave..., page 23</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">6.</TD><TD STYLE="padding-right: 34.2pt">Please revise your dilution information here and on page 60 to comply with Item 1604(c) requirements.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 34.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 34.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 34.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 34.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">We
have added disclosure in this section and on page 60 to comply with Item 1604(c) requirements. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 34.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">7.</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 28.2pt 0 46.1pt; text-indent: 0cm">Please revise to include the references to footnotes (2), (3) and (4) to the associated line items in
the table on page 24. Regarding footnote (1), explain why the Company&rsquo;s (i.e. Bannix&rsquo;s) Public Stockholders line item includes
2,020,573 shares that will be held by GBT after the Business Combination. In this regard, such shares appear to be part of the 11.0 million
VisionWave common stock that will be issued to Target shareholders. Therefore, please revise to include the 2,020,573 shares in the Former
Target Shareholders line item or include them in a separate line item as you have done on page 122, along with a footnote explaining what
such shares represent. Similar changes should be made to the tables on page 23 and 40 and your discussion of share ownership following
the closing on page 5.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.85pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 10.1pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 10.1pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-indent: 0.65pt">In response to the SEC&rsquo;s comment,
we have updated all dilution tables and their corresponding footnotes throughout the document to ensure they are consistent with the table
on page 122. This includes aligning the structure, figures, and footnotes to provide uniform and transparent disclosure of dilution impacts
across the filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-indent: 0.65pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-indent: 0.65pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-indent: 0.65pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Summary of the Proxy Statement/Prospectus, page <FONT STYLE="letter-spacing: -0.25pt">38</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">8.</TD><TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 28.2pt 0 46.1pt; text-indent: 0cm">Please revise to disclose in a tabular format the terms and amount of the compensation received or
to be received by the SPAC sponsor, its affiliates, and its promoters in connection with the de-SPAC transaction; the amount of securities
issued or to be issued by the SPAC to the SPAC sponsor, its affiliates, and its promoters; and the price paid or to be paid for such securities
in connection with the de-SPAC transaction or any related financing transaction. Further,
outside of the <FONT STYLE="letter-spacing: -0.1pt">table, </FONT>disclose the extent to which such compensation and securities issuances
has resulted or may result in a material dilution of the equity interests of non-redeeming shareholders of the SPAC. Refer
to Item 1604(b)(4) of Regulation S-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 14.55pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</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-indent: 0.5in"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We have revised the Form S-4 to include the requested
disclosure on page 40.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Accounting Treatment, page 47</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">9.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please address the following as it relates to your determination that the Business Combination will
be accounted for as a reverse recapitalization. We refer to you ASC 805-10-55-10 through 55-15.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 10.6pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47.6pt"></TD><TD STYLE="width: 16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt">Provide support for your statement that Target will appoint the majority of the board of directors of
the combined entity. In this regard, of the seven intended directors of VisionWave, it appears three of them, including the co-chairman
of the board, are current officers or directors of Bannix; one is a current officer of Target; and one is the founder of VisionWave. Revise
to clarify who will appoint the other two directors.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.7pt 0 64.25pt; text-indent: -16.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47.6pt"></TD><TD STYLE="width: 16.65pt">&#9679;</TD><TD STYLE="text-align: justify; padding-right: 0pt">Provide support for your statement that Target&rsquo;s existing management will comprise the management
of the combined entity. Further to this point, on page 94 you state that Yossi Attia, the founder of VisionWave and a wholly-owned subsidiary
of Bannix, is currently an executive officer of Target. However, this fact is not disclosed elsewhere in the filing. Clarify Mr. Attia&rsquo;s
current senior management role in Target, or otherwise revise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21.05pt 0 64.25pt; text-indent: -16.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47.6pt"></TD><TD STYLE="width: 16.65pt">&#9679;</TD><TD STYLE="text-align: justify; padding-right: 0pt">Explain how you determined that Target is a larger entity based on historical revenues and business
operations. In this regard, it appears Target has earned no revenues and has limited operations to date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 18.4pt 0 64.25pt; text-indent: -16.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 47.6pt"></TD><TD STYLE="width: 16.65pt">&#9679;</TD><TD STYLE="text-align: justify; padding-right: 0pt">Revise your Accounting Treatment disclosure on pages 122 and 128 to ensure they are consistent with
your disclosure here and on page 95.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.7pt 0 64.25pt; text-indent: -16.65pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.7pt 0 0; text-indent: 64.25pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.7pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt">With respect to your specific points above:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54pt"></TD><TD STYLE="width: 18pt">&#9679;</TD><TD STYLE="text-align: justify; padding-right: 0pt">Following the Merger, the VisionWave Board will consist of seven members, consisting of, Eric T. Shuss,
Douglas Davis, Noam Kenig, Danny Rittman, Erik Klinger, Yossi Attia and Chuck Hansen. Messrs Kenig, Rittman, Attia and Hansen have been
appointed by the Target.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify; text-indent: -18pt; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54pt"></TD><TD STYLE="width: 18pt">&#9679;</TD><TD STYLE="text-align: justify; padding-right: 0pt">We have revised Mr. Attia&rsquo;s biography on page 168 with respect to Mr. Attia to disclose that he
is the Chief Operating Officer of Target.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify; text-indent: -18pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify; text-indent: -18pt; background-color: white"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify; text-indent: -18pt; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt">Further, we confirm that the Business Combination will be accounted
for as a reverse recapitalization, with Target considered the accounting acquirer. This determination is based on the following factors:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 76.5pt"></TD><TD STYLE="width: 18pt">1.</TD><TD>Post-Merger Control Structure:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 94.5pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 90pt"></TD><TD STYLE="width: 18pt">o</TD><TD>Stanley Hills LLC&nbsp;will hold&nbsp;28.35%&nbsp;of the combined company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 90pt"></TD><TD STYLE="width: 18pt">o</TD><TD>Magic Internacional Argentina FC&nbsp;and&nbsp;GBT Technologies, Inc.&nbsp;will each hold&nbsp;14.17%.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 90pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">Collectively, these entities will control&nbsp;56.7%&nbsp;of the voting power, establishing VisionWave&rsquo;s shareholders as the
majority controllers.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 76.5pt"></TD><TD STYLE="width: 18pt">2.</TD><TD>Target as the Larger Entity:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 94.5pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 94.5pt"></TD><TD STYLE="width: 4.5pt">o</TD><TD STYLE="text-align: justify">Projected Revenue: Target&rsquo;s robust business plan includes a significant contract with&nbsp;Leonardo DRS, which is expected to
generate substantial revenue beginning in 2024. Additionally, Target has received a first order of a potential up to $100 million revenue
rollout from Edge Group, reported to be among the top 3 manufacturers and suppliers of precision guided munitions. Based on their current
operations and agreements, Target is well-positioned to start recognizing revenue as early as December 2024, with a strong pipeline of
revenue generation throughout 2025.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 112.5pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 94.5pt"></TD><TD STYLE="width: 4.5pt">o</TD><TD STYLE="text-align: justify">Operational Scope: Target&rsquo;s technological offerings, particularly its advanced systems aligned with defense and commercial applications,
provide a foundation for scalable growth, further supporting its status as the larger entity in this transaction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 112.5pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 76.5pt"></TD><TD STYLE="width: 13.5pt">3.</TD><TD>Management and Governance Continuity:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 94.5pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 94.5pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">Target&rsquo;s existing management will maintain critical leadership positions post-merger.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 112.5pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 94.5pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">Four of the seven board members of the combined entity will be appointed by Target Shareholders, reinforcing its operational and strategic
control.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 112.5pt; text-indent: -18pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">Given these factors, Target is clearly positioned as the larger
and more substantive operating entity, justifying the reverse recapitalization treatment under ASC 805-10-55.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.7pt 0 0"><U>The Business Combination <FONT STYLE="letter-spacing: -0.1pt">Proposal</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.7pt 0 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Background of the Business Combination, page <FONT STYLE="letter-spacing: -0.25pt">87</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">10.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note that on August 8, 2023, Bannix Acquisition Corp Entered into a Patent
                                                                 Acquisition Agreement with GBT Tokenize Corp, which is 50% owned by GBT Technologies Corp., which was later terminated on March 19,
                                                                 2024. We further note that on March 20, 2024, &ldquo;the Company entered into a Patent Purchase Agreement pursuant to which
                                                                 [VisionWave Technologies] agreed to acquire from Tokenize the entire right, title, and interest of certain patents and patent
                                                                 applications providing an intellectual property&rdquo; for $30,000,000. Please revise to provide a materially complete description
                                                                 of the nature of the relationship between each of the parties in each of the Patent Purchase Agreements and the parties in this
                                                                 business combination including whether there was, or is, common ownership, directors, or managerial control, and whether each of the
                                                                 agreements were negotiated in an arms-length transaction. Finally, please file the valuation report identified on page F-66 as an
                                                                 exhibit. Refer to Item 601(B)(10) of Regulation S-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.05pt 0 46.1pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.05pt 0 46.1pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 20.85pt; text-indent: 25.25pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 20.85pt; text-indent: 25.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">Each of the transactions surrounding the patents held by GBT Tokenize
were held at arms-length. Please note the following with respect to the transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Affiliations at
Time of Acquisition:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There were no common
directors, officers, or shareholders between GBT Tokenize, Bannix, or Target.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBT Technologies, Inc.
(GBT), which held a&nbsp;50% ownership&nbsp;stake in GBT Tokenize, had no direct or indirect control over Bannix or Target.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Past and Present Relationships:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Doug Davis, CEO of
Bannix, served as a consultant to GBT Technologies until March 31, 2023, when he terminated his consulting agreement. This ensured that
no affiliate relationship existed at the time of the patent acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following the acquisition
of the patents by Target, Target engaged Dr. Rittman, CTO of GBT, as a consultant and CTO. Target intends to appoint Dr. Rittman as a
director post-closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Context of the 8/8/23
Acquisition:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The&nbsp;August 8,
2023&nbsp;patent acquisition was originally part of a prior proposed acquisition Bannix was pursing of Evie Autonomous Group (&ldquo;EVIE&rdquo;).
As Bannix subsequently terminated its agreement with EVIE, the patent acquisition agreement between Bannix and GBT Tokenize was also terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After negotiations
with Target had commenced, Bannix introduced GBT Tokenize to Target with the goal of incorporating the GBT Tokenize technology with Target.
Target then pursued its own acquisition of the GBT Tokenize technology which was subsequently closed. The agreement between Target and
GBT Tokenize was completely independent of the terminated EVIE relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disclosure of Relationships
and Agreements:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These relationships
and agreements, including the termination of the EVIE arrangement and the subsequent independent agreement with Tokenize, have been disclosed
in the &lsquo;Related Party Transactions&rsquo; and &lsquo;The Business Combination Proposal&rsquo; sections for transparency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">This comprehensive disclosure demonstrates that the patent acquisition
was conducted independently and appropriately, ensuring no conflicts of interest or improper affiliations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Negotiation Process with Potential Acquisition Targets,
page <FONT STYLE="letter-spacing: -0.25pt">89</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">11.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your disclosure that the first email introduction occurred between representatives of Bannix
and Target on January 12, 2024. However, we further note that Target was not formed until March 20, 2024. Please revise to provide a more
detailed discussion of the nature of the relationship between the parties, including a detailed timeline of discussion and interactions
held prior to January 12, 2024 and through formation of target and entering into the business combination agreement, as well as whether
Bannix was involved in the formation of the Target. In addition, include a materially complete discussion of any potential conflicts of
interest between the parties.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.55pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.55pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.55pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -18pt">We have clarified the nature of the initial
contact as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -18pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 45pt"></TD><TD STYLE="text-align: justify; width: 18pt">1.</TD><TD STYLE="text-align: justify">Initial Contact with Founder:<BR>
                                            The first contact occurred on&nbsp;January 12, 2024, with the&nbsp;founder of Target, not
                                            the entity itself (as it was not incorporated yet). These discussions were exploratory and
                                            focused on Target&rsquo;s founder vision for potential as a significant business and as a
                                            merger candidate.</TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 45pt"></TD><TD STYLE="text-align: justify; width: 18pt">2.</TD><TD STYLE="text-align: justify">Subsequent Formal Discussions:<BR>
                                            Formal discussions with Target were initiated shortly after this initial meeting, involving
                                            its management team and key stakeholders.</TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify; width: 45pt"></TD><TD STYLE="text-align: justify; width: 18pt">3.</TD><TD STYLE="text-align: justify">No Involvement in Target Formation:<BR>
                                            Bannix was not involved in the formation of Target. The two entities operated independently
                                            prior to the initial contact, and we cannot identify any conflicts of interest between the
                                            parties.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt">These clarifications have been included in the &lsquo;Background
of the Business Combination&rsquo; section to ensure transparency and address the SEC&rsquo;s concerns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>The Company Board&rsquo;s Reasons for the Approval of the
Business Combination, page <FONT STYLE="letter-spacing: -0.25pt">91</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">12.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your disclosure that &ldquo;Target also invested in a business valuation, which aligned well
with the Company&rsquo;s expectations for deal size and growth potential.&rdquo; Please revise to provide a materially complete description
of the valuation, and file the valuation referenced here. Refer to Item 1607 of Regulation S-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.9pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 46.1pt; text-indent: 0cm">We have revised the disclosure to remove
the business valuation. The Target consulted with a business valuation consultant but such consultant provided informal advice on valuation
ranges and did not issue a formal report or opinion. As such, we have removed such disclosure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 34.2pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">13.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to provide a detailed discussion of the reasons of the SPAC for the structure and timing
of the de-SPAC transaction and any related financing transaction. Refer to Item 1605(b)(3) of Regulation S-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.2pt 0 46.1pt; text-indent: -35.4pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">We have revised the registration statement to provide a detailed
discussion of the Bannix&rsquo; rationale for the structure and timing of the de-SPAC transaction. There is no related financing proposed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Unaudited Pro Forma Condensed Combined Financial Information,
page <FONT STYLE="letter-spacing: -0.25pt">120</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">14.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise your reference here to the historical audited balance sheet of VW as of June 30, 2024,
as this interim balance sheet is unaudited.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.95pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.95pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.95pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify; text-indent: 0cm">The referenced to the unaudited financials
of the Target have been corrected to reference the fact that such financial statements are unaudited. Further, the financial statement
included have been updated to September 30, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.95pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">15.</TD><TD STYLE="text-align: justify; padding-right: 0pt">On page 4 and elsewhere you refer to customary closing conditions, including the satisfaction of the
minimum available cash condition. Please revise to define &ldquo;minimum available cash condition&rdquo; in the Certain Defined Terms
section. In addition, tell us how this requirement was factored into your pro forma financial <FONT STYLE="letter-spacing: -0.1pt">statements.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 29.55pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 29.55pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 29.55pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-indent: 0cm">There is no closing condition providing
for &ldquo;minimum available cash&rdquo;. We have deleted such statement from the registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 34.2pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.05pt 0 10.75pt"><U>Note 4 - Adjustments to Unaudited Pro Forma Condensed
Combined Balance Sheet as of June 30, 2024, page 128</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.05pt 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">16.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note Bannix has $1,003,995 due to EVIE as of June 30, 2024, which appears to be due upon a business
combination. Please explain why there is no pro forma adjustment for this amount, or otherwise revise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21.5pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21.5pt 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21.5pt 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 45pt">This comment has been resolved by showing payment of the
EVIE promissory note in Scenario 1. Payment of the note has been deferred until after the consummation of the Business Combination in
Scenario 2 due to the maximum redemptions in the Trust account presented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 28.7pt 0 45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">17.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note pro forma adjustment D reflects the exchange of Target shares into shares of VisionWave common
stock. Please provide us the calculations to show how you derived the $110,000 adjustment from the historical APIC of $11,000. Also, explain
why the offsetting adjustment is to common stock par value.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.25pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.25pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 46.1pt; text-indent: 0cm">This comment has been resolved by revising
Adjustment D to present the issuance of the 11,000,000 merger shares at par value of $0.01 (11,000,000 x .01 = $110,000). The $110,000
is recorded as a credit to common stock to represent the par value of the common stock. The offsetting debit of $110,000 has been recorded
to APIC. There is no additional adjustment to the amount recorded to APIC since there is no value recorded on the Target balance sheet
for the Target common stock which would be eliminated when the merger shares are issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 46.1pt; text-indent: 0cm"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.7pt"></TD><TD STYLE="width: 35.4pt">18.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please provide detailed calculations that support the $3,135,477 adjustment to accumulated deficit and
APIC in pro forma adjustment E. In this regard, you state you do not believe APIC should be negative and, accordingly, certain amounts
are recognized in retained earnings. Please clarify what you mean by this statement and how it impacted your pro forma adjustments.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 43.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">Additional paid in capital represents the amount of money that
investors pay for a company&rsquo;s stock in excess of the stock&rsquo;s par value, therefore management does not believe that additional
paid in capital can be a negative amount and when additional paid in capital is reduced to zero, any additional amounts are recognized
in retained earnings (accumulated deficit). The effect of the pro forma transactions on additional paid in capital are summarized in the
table below. After recording the effect of the adjustments to Bannix&rsquo;s accumulated deficit, the entry to record the elimination
of Bannix&rsquo;s historical losses in Adjustment E would cause APIC to have a negative balance of $1,233,521 in Scenario 1 and a negative
balance of $2,932,041 in Scenario 2. Therefore, the reclass to eliminate Bannix&rsquo;s historical accumulated losses in adjustment E
has been adjusted by $1,233,521 in Scenario 1 and $2,932,041 in Scenario 2 to not present a negative APIC balance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No additional redemption scenario</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maximum redemption scenario</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; width: 56%; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bannix accumulated deficit at 9/30/24</FONT></TD>
<TD STYLE="width: 8%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,406,924</FONT></TD>
<TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="width: 8%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5,406,924</FONT></TD>
<TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustments to accumulated deficit:</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment C: Bannix transaction costs</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">373,812</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">373,812</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment J: Bannix share based compensation expense</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">972,400</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">972,400</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment K: Bannix Trust interest income</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(12,955</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(12,955</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment L; Bannix excise tax adjustment</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(151,344</FONT></TD>
<TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(151,344</FONT></TD>
<TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted Bannix accumulated deficit</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,588,837</FONT></TD>
<TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,588,837</FONT></TD>
<TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bannix additional paid in capital at 9/30/24</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Target additional paid in capital at 9/30/24</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(261,000</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(261,000</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustments to additional paid in capital:</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment D: Issuance of the merger shares at par value</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">110,000</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">110,000</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment F: Reclass of shares subject to redemption to permanent equity</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4,014,222</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(308,387</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment G: Forgiveness of Bannix due to related parties</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2,007,315</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment H: Conversion of Bannix rights to shares of common stock</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,306</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,306</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment J: Bannix share based compensation expense</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(972,400</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(972,400</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment M: Capital contribution from Subash Menon</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(225,000</FONT></TD>
<TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(225,000</FONT></TD>
<TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted APIC</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5,355,316</FONT></TD>
<TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3,656,796</FONT></TD>
<TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjusted APIC balance</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5,355,316</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3,656,796</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reclass of Bannix accumulated deficit</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,588,837</FONT></TD>
<TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6,588,837</FONT></TD>
<TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
<TD STYLE="padding: 0pt 0pt 0pt 10pt; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Negative APIC balance</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,233,521</FONT></TD>
<TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
<TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,932,041</FONT></TD>
<TD STYLE="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.25pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.25pt 0 46.1pt; text-indent: 0cm"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.25pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.25pt 0 46.1pt; text-indent: 0cm"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.7pt"></TD><TD STYLE="width: 35.4pt">19.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note pro forma adjustment G reflects the forgiveness of the entire due to related parties balance.
Per disclosure on page F-24, it appears the promissory note with Instant Fame of $840,000, the advances from related affiliated parties
of $60,560 and the expenses paid by related parties of $0 are repayable upon a business combination and &ldquo;may be&rdquo; forgiven
if a business combination does not occur and there are insufficient funds. Further, for the remaining due to related parties items there
is no indication in your disclosure that these amounts will be forgiven. As it appears you have sufficient cash under the no redemption
scenario to repay these amounts, please tell us why your adjustment reflects the write-off and forgiveness of this entire balance, and
revise as necessary.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.25pt 0 43.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.6pt 0 43.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.6pt 0 43.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 43.1pt">This comment has been resolved to reflect the payment of
the related parties in Scenario 1. In Scenario 2, the balance has been shown as forgiven due to the maximum redemptions in the Trust account
presented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.6pt 0 43.1pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">20.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please tell us why the $200,000 due to Subash Menon in pro forma adjustment I is reflected in accounts
payable rather than due to related party like other amounts due to Mr. Menon.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.6pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.6pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.6pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">This comment has been resolved by revising the payment to Subash
Menon in adjustment I to post against the due to related parties&rsquo; account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">21.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please explain why the adjustment related to excise taxes payable in pro forma adjustment M is reflected
in APIC rather than accumulated deficit.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 43.9pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 43.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 43.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">This comment has been resolved by revising adjustment M to reflect
the reversal of the portion of excise taxes to offset to retained earnings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 226.95pt 0 10.75pt"><U>Other Information Related to the Company <BR>
Conflicts
of Interest, page 139</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 226.95pt 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">22.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to disclose all relevant pre-existing fiduciary or contractual obligations
for each of your officers and directors. As one non-exclusive example, we note that Douglas Davis is currently the CEO and co-chair of
the board for Bannix.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 46.1pt; text-align: justify; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.55pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">We have revised the table under the Conflicts of Interest section
to provide a more detailed discussion of pre-existing fiduciary or contractual obligations for each of your officers and directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt; text-align: justify"><U>Business of Target, page <FONT STYLE="letter-spacing: -0.25pt">151</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">23.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note Target does not intend to have any products for sale commercially until March 2025 at the earliest,
has not recognized any revenue to date, and is still in the development and R&amp;D phase. Additionally, we note Target will require a
minimum of</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.85pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 46.1pt">$3 million to fully implement its business plan. Please
revise here to discuss the current status of Target&rsquo;s operations and business, the additional funding necessary to implement your
business plan, and the anticipated timeline for production of each of Target&rsquo;s listed products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">We acknowledge the SEC&rsquo;s comment and have revised the
filing to accurately reflect VisionWave&rsquo;s current operational status, funding needs, and product timeline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">24.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your disclosure on page F-72 that Target entered into a Memorandum of Agreement with another
entity in July 2024 to collaborate on developing and manufacturing technology. Please revise here to clarify whether Target is currently
a party to any other collaborative agreements and, if so, revise to disclose the other party(s), the nature of the collaboration, and
whether a firm agreement or contract <FONT STYLE="letter-spacing: -0.1pt">exists.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">We
note your comment and we have revised the Strategic Partnership section to include a discussion of Target&rsquo;s collaborative agreements
including the MOA referenced on page F-72. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">25.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your disclosure regarding &ldquo;strategic partnerships in Canada and the United Arab Emigrants&rdquo;
and &ldquo;a relationship with a leading U.S. defense contractor&rdquo;, as well as on page 91 that the &ldquo;Target had cultivated a
robust potential pipeline of customer opportunities.&rdquo; Please revise your disclosure to provide more detail on the stage of negotiations
with these partners, the material terms of any agreements entered into, and provide balancing disclosure regarding the fact
that you have not generated any revenue to date and the uncertainty that you will ever revenue from these <FONT STYLE="letter-spacing: -0.1pt"></FONT>partnerships/customers.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 14.9pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 46.1pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 46.1pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>&nbsp;</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.2pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 46.1pt; text-indent: 0cm">We have revised the disclosure to provide more detail on the current
status of our strategic partnership and customer development.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: 0cm"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.25pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">26.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your disclosure that VisionWave&rsquo;s competitive advantage lies in its AI- driven solutions
and &ldquo;VisionWave Technologies is at the forefront of revolutionizing defense capabilities by integrating advanced <I>artificial intelligence
</I>(AI).&rdquo; Please provide a more complete description of how you intend to utilize artificial intelligence in your products and
describe your current phase of development. With respect to artificial intelligence, please indicate if your algorithms are proprietary
or open source, and update you risk factors to reflect the relevant risks.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.25pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.25pt 0 46.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">We have revied the Business section to include a section discussing
Target&rsquo;s Artificial Intelligence. We have also revised several risk factors to include risks surrounding Target&rsquo;s Artificial
Intelligence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">27.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note that Target does not appear to have commenced the production of any of its products. For each
of the products listed, please revise your disclosure to discuss the current status of each product and the anticipated timelines or phases
of development.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 10.25pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.1pt; text-indent: 36pt"><U>Response </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.1pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">We have revised the disclosure to discuss the current status of
each product and the anticipated timelines or phases of development.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Manufacturing, page <FONT STYLE="letter-spacing: -0.25pt">152</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">28.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your disclosure that you have outsourced your manufacturing capabilities. Please revise to provide
a discussion of the material terms of your agreements with manufacturing facilities, any milestone payments or material financial terms,
and termination provisions, Also, file the agreements as exhibits or tell us why it is not required. Refer to Items 101(h)(4) and 601(b)(10)
of Regulation S-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 22.9pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 22.9pt 0 0; text-indent: 46.1pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 22.9pt 0 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">We have revised to provide that Target presently does not have
a manufacturing agreement in place and its efforts to structure a manufacturing agreement and the related risks. As Target has not yet
entered into any manufacturing agreements, there are no agreements to file as exhibits at this time. Once formal agreements are executed,
we will evaluate their materiality and, if required, file them in compliance with Items 101(h)(4) and 601(b)(10) of Regulation S-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Intellectual Property, page <FONT STYLE="letter-spacing: -0.25pt">153</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">29.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise your disclosure to discuss all your material issued or pending patents,
whether owned or licensed. For each material patent or patent application, revise to disclose the following. Refer to Item 101(h)(4)(vii)
of Regulation S-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 21.9pt 0 46.1pt; text-align: justify; text-indent: -35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.1pt"></TD><TD STYLE="width: 7.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                            specific product or technology to which each patent <FONT STYLE="letter-spacing: -0.1pt">relates;</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: -7.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.1pt"></TD><TD STYLE="width: 7.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                            type of patent <FONT STYLE="letter-spacing: -0.1pt">protection;</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: -7.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.1pt"></TD><TD STYLE="width: 7.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                            expiration dates; <FONT STYLE="letter-spacing: -0.25pt">and</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: -7.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.1pt"></TD><TD STYLE="width: 7.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">applicable
                                            material jurisdictions, including any foreign <FONT STYLE="letter-spacing: -0.1pt">jurisdiction.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: -7.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: -7.2pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: -7.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">We have
revised the Intellectual Property disclosure to discuss the patents held by Target as well as the patents which it has available by way
of license. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 53.3pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Management&rsquo;s Discussion and Analysis of Financial
Condition and Results of Operations of <FONT STYLE="letter-spacing: -0.1pt">Target</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Liquidity and Capital Resources, page <FONT STYLE="letter-spacing: -0.25pt">155</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">30.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to disclose the amount of capital and funding Target will need to operate for the next
12-months and beyond the next 12-months, and how long Target estimates it can continue to operate with current available funds. In this
regard, we note your disclosure on page 53 that Target would require a minimum of $3.0 million in capital to fully implement its proposed
business plan. Additionally, describe any known material trends, favorable or unfavorable, in Target&rsquo;s capital resources or liquidity
that will result in or that are reasonably likely to result in Target&rsquo;s liquidity increasing or decreasing in any material way,
such as the impact of this Business Combination as noted in your disclosure on page F-68. Refer to Item 303(b)(1) of Regulation S-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">We
have revised the Liquidity and Capital Resources section to discuss the Target&rsquo;s capital needs for the next 12 months and thereafter.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">31.</TD><TD STYLE="text-align: justify; padding-right: 0pt">You state on page F-70 that VisionWave required additional funding for its ongoing operations, and
the parties agreed that Tokenize would invest &ldquo;an additional 10 million AVAI shares.&rdquo; Please explain further the intent and
purpose of this transaction. Also, revise to clarify how Target intends to use the Avant Technology shares to fund its ongoing operations.
In addition, explain further your statement that &ldquo;VisionWave and Stanley Hills determined that 10 million AVAI shares, out of Tokenize&rsquo;s
26 million shares, would suffice for this investment&rdquo; and clarify how Tokenize&rsquo;s holdings in Avant Technology factored into
this transaction. Lastly, tell us and revise as necessary to disclose whether there are any related party interests among GBT Tokenize,
GBT Technologies, Avant Technologies, Bannix, VisionWave, Target and/or any management or officers of any of these <FONT STYLE="letter-spacing: -0.1pt">entities.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.85pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.85pt 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.85pt 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">We have revised the
Liquidity and Capital Resources section to provide a further discussion of the reasons for Tokenize assigning shares of Avant to Target,
the fact that the parties are not related and Target&rsquo;s plan for future use of such securities. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.85pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Beneficial Ownership of Securities, page <FONT STYLE="letter-spacing: -0.25pt">166</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">32.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please disclose the natural person or persons who exercise the voting and/or dispositive powers with
respect to the securities owned by the entities identified in the beneficial ownership table.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 25.85pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 25.85pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 25.85pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">We
have revised the Beneficial Ownership of Securities section to disclose the natural person who exercises voting and dispositive power
with respect to the securities. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 25.85pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 25.85pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 25.85pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>VisionWave Management After the Business Combination, page
<FONT STYLE="letter-spacing: -0.25pt">167</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">33.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note you intend to appoint seven directors to the board of the combined entity, as permitted pursuant
to Section 2.05 of the Merger Agreement. Please revise your introductory language here to reflect the appropriate number of planned directors
and ensure references throughout the filing consistently refer to seven directors.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.25pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">We
have revised the relevant language to provide that there will be seven directors after the Business Combination. We will update to ensure
consistency throughout. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.25pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">34.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise Yossi Attia&rsquo;s biographical information to disclose the fact that he is the Founder
and Chief Operating Officer of VisionWave. Also, to the extent applicable, disclose any other management positions he has held or currently
holds at either the Target or Bannix.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.05pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.05pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.05pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">We
have revised the disclosure pertaining to Mr. Attia to disclosure that he is the Founder and Chief Operating Officer of Target. Mr. Attia
does not hold a management position with Bannix or any other roles with Target. We have also revised to disclose the relationship between
Stanley Hills LLC, which is owned by Anat Attia, the wife of Yossi Attia. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.05pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Certain Relationships and Related Party Transactions, page
<FONT STYLE="letter-spacing: -0.25pt">170</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">35.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to include definitions for &ldquo;Former Sponsor,&rdquo; &ldquo;Other Investors,&rdquo;
and &ldquo;Anchor Investors&rdquo; here and/or in your Certain Defined Terms on page 14.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 31.85pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 31.85pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 31.85pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">We
have revised to define </FONT>&ldquo;Former Sponsor,&rdquo; &ldquo;Other Investors,&rdquo; and &ldquo;Anchor Investors&rdquo; in the Related
Party Transactions section and under the Certain Defined Terms on page 14.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 31.85pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">36.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to describe the relationship(s), if any, that Douglas Davis currently has, and/or will
have, with Bannix, VisionWave and Instant Fame LLC and clearly indicate he is a related party. Also, clarify whether Mr. Davis has any
current involvement with GBT Technologies, Inc. or GBT Tokenize Corp.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 14.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 14.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 14.2pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">We have revised the Related Party Transactions section
to identify Mr. Davis as a related party and provide further disclosure of his relationship with each of the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0 0 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 14.2pt 0 46.1pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">37.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to disclose the relationship and the nature of such relationship, if any, between Anat
Attia, who controls Stanley Hills, LLC, a significant shareholder of Bannix, and Yossi Attia, VisionWave&rsquo;s Founder and Chief Operating
Officer.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 22.9pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 22.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 22.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">We
have revised the </FONT>Related Party Transactions section to disclose the relationship between Yossi Attia, Anat Attia and Stanley Hills
LLC. Please note that these parties are not shareholders of Bannix.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 22.9pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>VisionWave Technologies, <FONT STYLE="letter-spacing: -0.2pt">Inc.</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 183.95pt 0 10.75pt"><U>Notes to Unaudited Condensed Financial Statements
Note 7. Subsequent Events, page F-72</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 183.95pt 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">38.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to disclose the actual date through which subsequent events were evaluated. Refer to ASC
855-10-50-1(a).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.2pt 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.2pt 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">The amended S-4 Registration Statement will include Target&rsquo;s
<B>September 30, 2024&nbsp;</B>financial statements. These financial statements will include a &lsquo;Subsequent Events&rsquo; section
disclosing the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt">Subsequent events have been evaluated through&nbsp;November 14,
2024, the date on which the consolidated financial statements were available to be issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">We believe this ensures compliance with&nbsp;<B>ASC 855-10-50-1(a)&nbsp;</B>and
provides transparency regarding the timing of subsequent event evaluations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>VisionWave Technologies, <FONT STYLE="letter-spacing: -0.25pt">Inc</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 226.95pt 0 10.75pt"><U>Notes to Consolidated Financial Statements Note 1.
Organization, page F-84</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 226.95pt 0 10.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">39.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to disclose the fiscal year end for VisionWave Technologies. Similar disclosure should
be made for the registrant, VisionWave Holdings.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 25.9pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.7pt; text-indent: 36pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.7pt; text-indent: 36pt"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt">The fiscal year end for
both Target and VisionWave is December 31<SUP>st</SUP>. </FONT>This disclosure has been included in the &lsquo;Notes to Consolidated Financial
Statements&rsquo; to ensure consistency and clarity throughout the filing</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><FONT STYLE="letter-spacing: -0.1pt"><U>General</U></FONT></P>

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<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">40.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note disclosure of the current Sponsor ownership varies throughout the document. For example, on
pages 8, 22, 42 and 133, the percentage and number of shares held by the Sponsor agrees to the beneficial ownership table on page 166.
However, on pages 9, 34 and 80, you state the Sponsor holds 78% of the outstanding shares. In addition, the current Sponsor ownership
on pages 29 and 55 is blank. Please revise throughout to consistently disclose the Sponsor&rsquo;s current ownership.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.55pt 0 0; text-indent: 46.1pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt">The Sponsor currently holds&nbsp;16.67% of the outstanding
shares, totaling&nbsp;475,000 shares, as reflected consistently throughout the document. We have revised the disclosure throughout to
remove any blank references as well as references to 78% and replace such disclosure with 16.67%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.55pt 0 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

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<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">41.</TD><TD STYLE="text-align: justify; padding-right: 0pt">You refer to Sponsor shares on page 5, Sponsor &amp; Other Insiders on pages 23, 24, and 40, and Sponsor&rsquo;s
Founders Shares on pages 51, 122, 127 and 130. Please revise to use consistent terminology throughout and ensure each term is defined
in your glossary beginning on page 14. In addition, your narrative disclosure on page 5 does not reflect the same total number of shares
as the other disclosures. Please revise or <FONT STYLE="letter-spacing: -0.1pt">advise.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.5pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.5pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.5pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.5pt 0 46.1pt; text-indent: 0cm"><FONT STYLE="color: red">&#9; </FONT>We have revised each of the above
referenced pages to clarify. &#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">42.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please describe the experience of the sponsor, its affiliates, and any promoters in organizing special
purpose acquisition companies and the extent to which the SPAC sponsor, its affiliates, and the promoters are involved in other special
purpose acquisition companies. See Item 1603(a)(3) of Regulation S-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.5pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt"><FONT STYLE="letter-spacing: -0.2pt"><U>Response</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 46.1pt">We have revised the disclosure add a risk factor to provide
that the Sponsor does not have SPAC experience which may detrimentally impact Bannix&rsquo;s ability to close the business combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 18.6pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">**********************</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-align: center">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">Please do not hesitate to contact our attorney, Stephen Fleming,
at 516-902-6567 if you have any questions or comments. Thank you.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt">&nbsp;</P>

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    <TD STYLE="padding: 0pt; width: 50%; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&#8239;&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; width: 50%; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Sincerely,&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&#8239;&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&#8239;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><FONT STYLE="font-size: 10pt">&#8239;&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><FONT STYLE="font-size: 10pt">Douglas Davis, CEO&nbsp;</FONT></TD></TR>
  </TABLE>
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    <TD STYLE="width: 5%; padding-left: 46.1pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">cc:&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%; padding-left: 0pt"><FONT STYLE="font-size: 10pt">Stephen M. Fleming, Esq.&nbsp;</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
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