<SEC-DOCUMENT>0001731122-25-000123.txt : 20250730
<SEC-HEADER>0001731122-25-000123.hdr.sgml : 20250730
<ACCEPTANCE-DATETIME>20250124160314
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001731122-25-000123
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250124

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
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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 -->

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

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

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

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">January 23, 2025&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 180pt; text-indent: 36pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Via Edgar&#8239;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ms. Aliya Ishmukhamedova&#8239;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">United State Securities and Exchange Commission&#8239;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Washington, D.C. 20549&#8239;</P>

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

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  <TD STYLE="text-align: right; width: 7%"><B>Re:</B></TD>
    <TD STYLE="width: 1%"><B>&nbsp;</B></TD>
  <TD STYLE="width: 53%"><B>VisionWave Holdings, Inc.</B></TD>
  <TD STYLE="width: 39%"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
  <TD><B>Amendment No. 3 to Draft Registration Statement on Form S-4 Submitted December 27, 2024</B></TD>
  <TD><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
  <TD><B>CIK No. 0002038439</B></TD>
  <TD>&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ms. Ishmukhamedova:<B>&#8239;</B></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">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 January 15, 2025 (the &ldquo;Comment Letter&rdquo;) relating
to the Draft Registration Statement on Form S-4 submitted December 27, 2024 (the &ldquo;Registration Statement&rdquo;) of VisionWave Holdings
Inc. (the &ldquo;VisionWave&rdquo;).&#8239;<B>&#8239;</B></P>

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">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.<B>&#8239;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 122.2pt 0 7.75pt"><U>Amendment No. 3 to Draft Registration Statement on
Form S-4 Certain Defined Terms, page 14</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 122.2pt 0 7.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; 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">1.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise here to include definitions of Target stockholders, Former Bannix Officers and Directors
and Other Insiders as these parties are referred to your post- closing ownership disclosures.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 27.25pt 0 119pt; text-indent: -35.4pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 27.25pt 0 43.1pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and
provide the following definitions for inclusion in the filing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 43.1pt; text-indent: 1.9pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify"><B>&ldquo;</B>Former Bannix Officers and Directors&rdquo; means
Subash Menon (former Chief Executive Officer of the Company) and Nicholas Hellyer (former Chief Financial Officer, Secretary and Head
of Strategy) who resigned who served as officers and/or directors of Bannix in and Sudeesh Yezhuvath (former Chief Operating Officer)
who resigned in November 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify"><B>&ldquo;</B>Sponsor and Other Insiders&rdquo; means the Sponsor
and Anchor Investors both terms as defined herein.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify"><B>&ldquo;</B>Target Stockholders&rdquo; means the shareholders
of Target who hold&nbsp;5% or more&nbsp;of the issued and outstanding shares of VisionWave&nbsp;at the closing of the business combination
which includes: Stanley Hills, LLC, GBT Tokenize Corp., GBT Technologies Inc and MAGIC INTERNACIONAL ARGENTINA FC S.L.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; 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">2.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note from your definition of Private Placement Units on page 16, you sold 181,000 of these units
to &ldquo;certain investors.&rdquo; Based on disclosure on page F-26, it appears these investors were the Anchor Investors. Please revise
throughout to identify these &ldquo;certain investors.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 32.85pt 0 119pt; text-indent: -35.4pt">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the filing
to replace references to &ldquo;certain investors&rdquo; with &ldquo;Anchor Investors&rdquo; for consistency and clarity. Additionally,
we will expand the definition of&nbsp;Anchor Investors&nbsp;as follows:</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: 0pt 0pt 0pt 46.1pt; text-align: justify">&ldquo;Anchor Investors&rdquo; means Sea
Otter Holdings LLC BD Series, Sixth Borough Capital Fund LP, Better Works LLC, James M. McCrory, and&nbsp;Shelley K. Leonard.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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">3.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your response to prior comment 5 and your definition of Sponsor Related Parties on page 17.
Please revise to ensure your disclosure on page 6, which refers to &ldquo;affiliates&rdquo; of the Sponsor, is consistent with the definition
here and disclosure on page 159, which refer to only &ldquo;an affiliate&rdquo; of the Sponsor. Additionally, clarify whether the &ldquo;representatives&rdquo;
referenced in your description of Sponsor Related Parties on page 6 is I-Bankers Securities, as per your definition of Representative
Shares or otherwise revise to ensure the disclosure on page 6 is consistent with the definition of Sponsor Related Parties on page 17.</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: -35.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Response</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and have revised throughout
to provide consistency and clarity in the definition and usage of &ldquo;Sponsor Related Parties.&rdquo;</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: 0pt 0pt 0pt 46.1pt; text-align: justify">The definition of Sponsor Related Parties is as follows:</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: 0pt 0pt 0pt 46.1pt; text-align: justify">&ldquo;Sponsor Related Parties&rdquo; means the Sponsor, Douglas
Davis (Bannix&rsquo;s Chief Executive Officer and a director) and LaRocca Design, an entity owned by Andre LaRocca, which is an affiliate
of the Sponsor and has no ownership, control, or involvement with the Company or the Target. The affiliation between the sponsor and LaRocca
Design exists solely in the context of a separate, unrelated project and the fact that Larocca has provided funding to Stanley Hills,
LLC, which in turn has loaned funds to the Company.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">On page 6, we have revised the disclosure to replace the reference
to representative with &ldquo;I-Bankers Securities Inc.&rdquo; and to replace &ldquo;affiliate&rdquo; with &ldquo;Sponsor Related Parties&rdquo;.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">On Page 159, we have clarified to refer to the Sponsor and the
Sponsor Related Parties.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">Additionally, we have identified that the disclosure on&nbsp;page
159, which currently references results of operations only through&nbsp;June 2024, will be updated to include the results of operations
through&nbsp;September 2024, aligning with the latest financial information.</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 0 0 36pt"></P>

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<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 50.15pt 0 10.75pt"><U>Questions and Answers About the Business Combination
and the Special Meeting Did the Company Board obtain a third-party valuation or fairness opinion..., page <FONT STYLE="letter-spacing: -0.25pt">23</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 50.15pt 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; padding-right: 0pt">We note your response to prior comment 20 that &ldquo;[a]s part of its due diligence, Bannix hired a
third-party advisor to provide a fairness opinion.&rdquo; However, your cover</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 6.3pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">page and Q&amp;A disclose that &ldquo;[t]he Company Board
did not obtain a fairness opinion with respect to the consideration to be paid in the Merger.&rdquo; Please revise to clarify whether
management obtained a third-party fairness or other valuation opinion and file the opinion as an exhibit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.35pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.35pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.35pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and provide the following
clarifications. The Company engaged Marula Capital Group LLC (&ldquo;Marula&rdquo;) to provide the referenced fairness opinion. Marula
subsequently advised that its timeline to deliver the fairness opinion would be April 2025. We intended to include the disclosure with
respect to the fairness opinion and attach to the registration statement as an exhibit. However, due to the need to close the Business
Combination in an expedited manner prior to the expiration of the SPAC in March 2025 we have elected to proceed without the fairness opinion.
The disclosure throughout provides that we will proceed without the fairness opinion. Tthe Company issued a termination notice to Marula
on January 21, 2025.</P>

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

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<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">5.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your response that you evaluated the transaction, at least in part, &ldquo;based on the track
records of Target&rsquo;s key personnel, not the entity itself, as Target was incorporated in March 2024 and has not yet generated revenues.&rdquo;
Please revise to incorporate your response into the prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 20.35pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment regarding the basis of
the Company Board&rsquo;s evaluation of the Business Combination and have revised the disclosure on page 23 of the S-4 as follows:</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: 0pt 0pt 0pt 46.1pt; text-align: justify">However, such diligence and evaluation
were primarily based on the track records of Target&rsquo;s key personnel, not the entity itself, as Target was incorporated in March
2024 and has not yet generated revenues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 72pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 49.5pt"><U>What equity stake will current the Company Stockholders
and Target Shareholders hold..., page 23</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 49.5pt">&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: 11.8pt"></TD><TD STYLE="width: 34.3pt">6.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your response to prior comment 6 where you indicate that you moved the introductory paragraph
on page 23 so that it immediately precedes the tabular disclosures to which it relates on pages 25 and 26. However, it appears you did
not revise your disclosure as indicated. In this regard, the disclosure that immediately follows &ldquo;A:&rdquo; is referring to the
ownership table on page 25. Please revise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 45pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 0; text-indent: 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We have revised to move the tables located on page 25 to
immediately following the text response in the Q&amp;A titled &ldquo;What equity stake&hellip;&rdquo; on page 23.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 46.1pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 46.1pt"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.2pt 0 46.1pt"><B>&nbsp;</B></P>

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<TD STYLE="width: 10.7pt"></TD><TD STYLE="width: 35.4pt">7.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your revisions and response to prior comment 7. The 2,254,000 total shares under the maximum
redemption scenario in your table on page 23 does not agree with the 2,524,000 shares in the tables on page 24. Please revise. In addition,
remove the reference to &ldquo;pro forma&rdquo; in the net tangible book value, as adjusted, line item, and revise to label the net tangible
book value per share line item as &ldquo;adjusted.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.55pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.55pt 0 0; text-indent: 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the table
on&nbsp;page 23&nbsp;to correct the inconsistency with the tables on&nbsp;page 24&nbsp;providing for 2,524,000 shares Assuming Maximum
Redemption. Additionally, we will revise the labeling of the net tangible book value line items as requested.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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; padding-right: 0pt">The number of Bannix shares outstanding in the first table on page 24 in the no redemption column does
not agree to Bannix shares outstanding at September 30, 2024 of 2,848,748. Please revise. In addition, provide us with the calculations
that support the &ldquo;increase in net tangible book value per share attributable to Bannix shareholders&rdquo; as disclosed in the first
table on this page, or revise as necessary.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 27.5pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 27.5pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 27.5pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment regarding the discrepancy
in the number of Bannix shares outstanding and the incorrect calculation of the &ldquo;increase in net tangible book value per share attributable
to Bannix shareholders&rdquo; in the first table on&nbsp;page 24. We will revise the table to correct the errors providing that there
are 2,848,748 Bannix shares outstanding. To calculate the &ldquo;increase in net tangible book value per share attributable to Bannix
shareholders,&rdquo; we revised footnote 1 to add the following disclosure:</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: 0pt 0pt 0pt 46.1pt; text-align: justify">&ldquo;Calculated as Bannix&rsquo;s
net tangible book value per share as of September 30, 2024 minus Bannix&rsquo;s net tangible book value per share as of September 30,
2024, as adjusted.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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 calculations of both the numerator and denominator
for adjusted net tangible book value on page 24:</TD></TR></TABLE>

<P STYLE="text-align: justify; padding-right: 0pt"></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: 123.5pt"></TD><TD STYLE="width: 16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Include
                                            an adjustment in the numerator for transaction costs to be incurred in connection with the
                                            business combination transaction, or explain why you believe such an adjustment is not necessary.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 10.05pt 0 140.15pt; text-indent: -16.65pt"><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: 123.5pt"></TD><TD STYLE="width: 16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Include
                                            an adjustment in the numerator for the advisory services that will be <FONT STYLE="letter-spacing: -0.2pt">paid
                                            to Subash Menon, or explain why you believe such an adjustment is not </FONT><FONT STYLE="letter-spacing: -0.1pt">necessary.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 140.15pt; text-indent: -16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 140.15pt; text-indent: -16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 140.15pt; text-indent: -16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 58.65pt 0 64.25pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 58.65pt 0 64.25pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></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: 123.5pt"></TD><TD STYLE="width: 16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Include
                                            an adjustment in the numerator for the funds that will be released from trust at each redemption
                                            level.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 25.4pt 0 140.15pt; text-align: justify; text-indent: -16.65pt"><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: 123.5pt"></TD><TD STYLE="width: 16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revise
                                            the denominator to include the common shares that will be issued upon conversion of the Rights.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 26.35pt 0 140.15pt; text-align: justify; text-indent: -16.65pt"><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: 123.5pt"></TD><TD STYLE="width: 16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revise
                                            to underscore the amount that immediately precedes total &ldquo;As adjusted net tangible
                                            book value&rdquo; and total &ldquo;As adjusted Bannix shares outstanding&rdquo; to clearly
                                            indicate the last line items are totals.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.15pt 0 140.15pt; text-align: justify; text-indent: -16.65pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 11.15pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and agree that the table
on&nbsp;<B>page 24</B>&nbsp;needs to be corrected. Specifically, we will address the issues with the calculations in both the numerator
(adjusted net tangible book value) and denominator (adjusted Bannix shares outstanding), as well as ensure the presentation aligns with
the SEC&rsquo;s guidance.</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"><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 your response to prior comment 12 and revised disclosure in footnote (1) on page 25 where you
provide a breakdown of the Sponsor and Other Insider shares. Please revise to make similar revisions to the ownership tables on pages
26, 42, 55, 130 and 135 to ensure all ownership table disclosures are consistent.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.2pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.2pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the ownership
tables on&nbsp;<B>pages 26, 42, 55, 130, and 135</B>&nbsp;to include footnote (1) from&nbsp;<B>page 25</B>&nbsp;for consistency. This
ensures that all ownership disclosures throughout the filing are aligned.</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"><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 revised disclosure on page 26 and response to prior comment 13. We note you present both
public and private rights separately versus within the Bannix shareholders and Sponsor and Other Insiders lines as you do in all other
ownership tables. Additionally, you include Representative shares and Former Officer and Director shares within Sponsor and Other Insiders
shares here. Grouping shares differently here results in ownership percentages that differ from dilutive ownership information elsewhere,
particularly for the Sponsor &amp; Other Insiders. Please revise this table to be consistent with the dilutive ownership table on page
43. In addition, revise the first line in this table to refer to Bannix public stockholders consistent with disclosures elsewhere.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.2pt 0 46.1pt; text-indent: -35.4pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.2pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.2pt 0 0; text-indent: 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 13.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the table
on&nbsp;<B>page 26</B>&nbsp;to ensure consistency with the dilutive ownership table on&nbsp;<B>page 43</B>. This will involve directly
replacing the table on&nbsp;<B>page 26</B>&nbsp;with the table from&nbsp;<B>page 43</B>&nbsp;and making any necessary adjustments to align
terminology and grouping of shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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: 10.75pt"></TD><TD STYLE="width: 35.35pt">12.</TD><TD>We note your response to prior comment 14 and revised disclosure on pages 26 <FONT STYLE="letter-spacing: -0.25pt">and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-indent: -35.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 46.1pt">27. The disclosures required by Item 1604(c)(1) of Regulation
S-K should be calculated using Bannix&rsquo;s as adjusted shares as of September 30, 2024, at each redemption level (including Right shares),
plus the 11 million shares that will be issued to the Target. The total of such shares should be multiplied by the $10 per share SPAC
IPO price to arrive at the company valuation (in dollars) at or above which the potential dilution results in the amount of the non-redeeming
shareholders&rsquo; interest per share being at least the IPO price per share. In addition, to the extent any shares are excluded from
this calculation (i.e. warrants), include a footnote to your calculations indicating as such. Refer to the example provided in Section
II.D.3.iv.f in SEC Release 33-11265. Please revise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the calculations
on&nbsp;<B>pages 26 and 27</B>&nbsp;to align with the requirements outlined in&nbsp;<B>Item 1604(c)(1) of Regulation S-K</B>. The revised
calculations will reflect the methodology described in&nbsp;<B>SEC Release 33-11265</B>, ensuring compliance with the specified guidelines.</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 0 0 10.75pt"><U>What will VisionWave&rsquo;s liquidity position be following
the Closing?, page <FONT STYLE="letter-spacing: -0.25pt">31</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">13.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your disclosure here that following the Closing and assuming no additional
redemptions, VisionWave will have $3.65 million cash on hand. This does not agree to the pro forma cash of $2.39 million on page 131.
Additionally, you</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 16.2pt 0 46.1pt; text-align: justify; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">disclose estimated transaction expenses of $0.4 million both
here and on page 51; however, this does not agree to pro forma adjustment (C) on page 136, which reflects transaction expenses of $0.3
million. Please revise to correct these apparent discrepancies or otherwise advise.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">Response</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the filing
to resolve the discrepancies in cash on hand and transaction expense disclosures between&nbsp;<B>pages 31, 51, and 131</B>, ensuring consistency
across all sections.</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 0 0 36pt"></P>

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<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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>What interests do the Sponsor and the Company&rsquo;s officers
and directors have in the Business Combination?, page 34</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: 10.75pt"></TD><TD STYLE="width: 35.35pt">14.</TD><TD>You state &ldquo;At June 30, 2024, the company owes Evie Autonomous <FONT STYLE="letter-spacing: -0.25pt">LTD</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 46.1pt; text-indent: -35.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">(EVIE) $1,003,995 and $974,015, respectively.&rdquo; Please
revise to reference the amount owed to EVIE as of Bannix&rsquo;s most recent balance sheet date of September 30, 2024, and clarify what
period the $974,015 relates to (i.e., December 31, 2023). Similar revisions should be made on pages 48 and 92.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.15pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.15pt 0 46.1pt">Response</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the disclosure
to correct the typographical error, update the reference to the most recent balance sheet date (September 30, 2024), and clarify that
the&nbsp;$974,015&nbsp;amount refers to&nbsp;December 31, 2023. These changes will be applied to&nbsp;pages 34, 48, and 92.</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 0 0 10.75pt"><U>Summary of the Proxy Statement/Prospectus, page <FONT STYLE="letter-spacing: -0.25pt">41</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">15.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your response to prior comment 16 and reissue in part. Please revise here to disclose the nature
(e.g., cash, shares of stock, warrants and rights) and amounts of <U>all</U> compensation that has been or will be awarded to, earned
by, or paid to the SPAC sponsor, its affiliates, and any promoters for all services rendered or to be rendered in all capacities to the
SPAC and its affiliates and the amount of securities issued or to be issued by the SPAC to the SPAC sponsor, its affiliates, and any promoters
and the price paid or to be paid for such securities. We note, for example, that the Summary Compensation Table for SPAC Sponsor, Affiliates,
and Promoters does not</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: 0pt 0pt 0pt 46.1pt; text-align: justify">disclose the private placement units, rights, and shares issued
to sponsor and its affiliates and the amount paid for such units/rights/shares. In addition, disclose the nature and amounts of any reimbursements
to be paid to the SPAC sponsor, its affiliates, and any promoters upon the completion of a de-SPAC transaction.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">Reimbursements would include, for example, fees and reimbursements
in connection with loans extended; fees due; lease, consulting, support services, and management agreements with entities affiliated with
the sponsor; and reimbursements for out-of- pocket expenses incurred in performing due diligence or in identifying potential business
combination candidates. Refer to Items 1603(a)(6), 1604(a)(3), and 1604(b)(4) of Regulation S-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and
will revise the filing to include detailed disclosures addressing the nature and amounts of compensation, securities issued, and reimbursements
for the SPAC sponsor, its affiliates, and any promoters, as required under Items 1603(a)(6), 1604(a)(3), and 1604(b)(4) of Regulation
S-K under the Q&amp;A &ldquo;What equity stake will current the Company Stockholders and Target Shareholders hold in VisionWave immediately
after the consummation of the Business Combination?&rdquo;. We have included a cross reference under the Summary of he Proxy Statement/Prospectus
on page 41 to the referenced Q&amp;A section.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Summary Unaudited Pro Forma Condensed Combined Financial
Information, page <FONT STYLE="letter-spacing: -0.25pt">55</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">16.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise the ownership table here to refer to Target non-affiliated public stockholders consistent
with all other ownership disclosures throughout your filing and with the definition on page 17.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.15pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.15pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.15pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the ownership
table as requested to ensure consistency with the definition on&nbsp;<B>page 17</B>&nbsp;and other ownership disclosures throughout the
filing.</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 0 0 10.75pt"><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 0 0 10.75pt"></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">92</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">17.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your response to prior comment 37. However, you continue to refer to Mr.
Rittman as both a Consultant and CTO of Target here and on pages 95, 98, and 187. Please revise or advise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 18.2pt 0 46.1pt; text-align: justify; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 18.2pt 0 46.1pt; text-align: justify">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 18.2pt 0 46.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and confirm that we will
revise the filing to ensure&nbsp;<B>Dr. Rittman</B>&nbsp;is consistently referred to as a&nbsp;<B>Consultant</B>&nbsp;and not as the&nbsp;<B>CTO
of Target</B>. References to Mr. Rittman as CTO of Target on&nbsp;<B>pages 95, 98, and 187</B> will be removed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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">18.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your disclosure on page 97 in response to prior comment 18 which states: &ldquo;<I>Bannix&rsquo;s
first formal engagement with Target occurred on January 10, 2024, when representatives of Bannix were introduced to Mr. Attia. This introduction</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 17.25pt 0 46.1pt; text-indent: -35.4pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify"><I>occurred <U>well after Target&rsquo;s incorporation</U> and
had no influence on its formation</I>.&rdquo; Please explain the discrepancy given that the Target was incorporated on March 20, 2024,
which is well after the January 10, 2024 initial meeting.</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 46.1pt">Response</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: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and appreciate the opportunity
to clarify the timeline.&nbsp;We have revised to provide that Bannix did not influence Target&rsquo;s formation.</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"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></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">19.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please expand the background section to explain the basis for the Target&rsquo;s $195 million enterprise
value given Target has had limited operations to date, and the date such enterprise value was determined. Additionally, expand your disclosure
on page 98 regarding the underlying reasons for the Company&rsquo;s board approval of the business combination. Specifically, given that
the company entered into the Business Combination Agreement on March 26, 2024, six days after the Target&rsquo;s formation on March 20,
2024, provide additional disclosure regarding your assertion that &ldquo;Target had already spent substantial time fostering a relationship
with a leading U.S. defense contractor. Furthermore, Target had cultivated a robust potential pipeline of customer opportunities&rdquo;
To the extent that management considered the track record and relationships of the Target&rsquo;s key personnel rather than the target&rsquo;s
existing operations, please revise here and elsewhere as appropriate, to clearly indicate as such.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.35pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.35pt 0 0; text-indent: 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise the filing
to expand the background section and clarify the basis for Target&rsquo;s enterprise value, as well as the timeline and rationale behind
Bannix&rsquo;s business combination decision. We will also address the clarification regarding the relationships and track record of Target&rsquo;s
key personnel.</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 0 0 10.75pt"><U>Accounting Treatment, page <FONT STYLE="letter-spacing: -0.25pt">103</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">20.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your revised disclosure and response to prior comment 17. Please revise here to ensure your
disclosure is consistent with what is provided elsewhere in the</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.55pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">filing about the size of Target versus Bannix. In this regard,
you state on pages 51 and 130 that Bannix&rsquo;s size based on total assets is larger in relative size than Target;</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: 0pt 0pt 0pt 46.1pt; text-align: justify">but, since Bannix has no operations and no or nominal operating
assets, Bannix considered the pro forma Enterprise Value of Target of $195 million.</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 46.1pt">Response</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: 0pt 0pt 0pt 46.1pt; text-align: justify">We removed the statements providing that &ldquo;Bannix&rsquo;s
size based on total assets is larger in relative size than Target&rdquo; on pages 51 and 130. The disclosure on page 51, 203 and 130 is
consistent.</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 76.95pt 0 10.75pt"><U>Notes to Unaudited Pro Forma Condensed Combined Financial
Statements Note 3 - Accounting for the Business Combination, page 136</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 76.95pt 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">21.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please explain your reference to EVIE as the accounting acquirer here or revise. Also, revise the list
of items considered in accounting for the Business Combination as a reverse capitalization to be consistent with your disclosures on page
130.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.95pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.95pt 0 46.1pt; text-indent: -35.4pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.95pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.95pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.95pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will replace the entirety
of&nbsp;Note 3&nbsp;on&nbsp;page 136&nbsp;with the language from&nbsp;page 130&nbsp;to ensure consistency and accuracy in describing the
accounting treatment of the Business Combination.</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 0 0 10.75pt"><U>Note 4 - Adjustments to Unaudited Pro Forma Condensed Combined
Balance Sheet as of September 30, 2024, page 137</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">22.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note from your revised disclosure in pro forma adjustment C that, under the maximum redemption scenario,
the payment of $0.3 million of transaction costs will be deferred until after the closing of the Business Combination pursuant to the
deferment agreement. Please revise to disclose how long you have until you must repay these costs, and any other significant terms of
the deferment agreement to which you refer, including, but not limited to, the date you entered into this agreement. In your response,
provide us with a copy of this agreement.</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">Response</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We will revise&nbsp;footnote 4C on page 136&nbsp;to include the
additional details regarding the deferment agreement as outlined in the proposed response. Please note that Bannix reported these agreement
on Form 8-k on January 3, 2025. This will provide clarity on the repayment terms and significant details of the agreement, addressing
the SEC&rsquo;s comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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 your response to prior comment 26 regarding pro forma adjustment H, which reflects the repayment
of due to related party amounts. Please revise to disclose how long you have until you must pay the accrued compensation amount of $110,400.
Also, revise to disclose the terms of the Affiliate Deferment Agreement, including the date you entered into the agreement, and include
a definition of this term in your glossary beginning on page 14. In your response, provide us a copy of the agreement.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">Response</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise&nbsp;<B>Note
H</B>&nbsp;to reflect accurate details regarding the deferment agreement and the timing of payments, consistent with the response provided
under&nbsp;<B>Note C</B>. Additionally, we will ensure a definition of the &ldquo;Affiliate Deferment Agreement&rdquo; is added to the
glossary on&nbsp;<B>page 14</B>, and the Affiliate Deferment Agreements will be included in the filing as an exhibit to the Form S-4 Registration
Statements.</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 0 0 36pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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 from various Forms 8-K filed by Bannix that on each of October 18, November 14 and December
13, 2024, the company deposited $16,237 as Extension payments into the trust. Revise pro forma adjustment M to reflect each of the payments
made after the most recent balance sheet date, through the date of your <FONT STYLE="letter-spacing: -0.1pt">amendment.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.85pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.85pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.85pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise&nbsp;<B>pro
forma adjustment M</B>&nbsp;to reflect the extension payments made after the most recent balance sheet date through the date of the amendment.
The table will be updated to include&nbsp;<B>four months</B>&nbsp;of extension payments at&nbsp;<B>$16,237 per month</B>, for a total
of&nbsp;<B>$64,950 (rounded)</B>. Additionally, we will update the accompanying narrative to clarify that these payments were made&nbsp;<B>post-September
30, 2024</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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">25.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your response to prior comment 24 regarding pro forma adjustment N reflecting the repayment
of the EVIE promissory note. Please revise to disclose how long you have until you must repay this note under a maximum redemption scenario
and the terms of any related deferral agreement with EVIE, as applicable, including the date EVIE agreed to allow deferral of this repayment.
In your response, provide us with a copy of such agreement.</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">Response</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and will revise&nbsp;<B>pro
forma adjustment N</B>&nbsp;to include details about the repayment timeline for the EVIE promissory note, the deferment agreement with
EVIE, and the date the deferment agreement was executed. Additionally, we will attach the agreement as an exhibit in the filing.</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 0 0 10.75pt"><U>Bannix Acquisition <FONT STYLE="letter-spacing: -0.1pt">Corp.</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: 0 122.2pt 0 10.75pt"><U>Notes to Unaudited Condensed Consolidated Financial
Statements Note 1- Organization and Business Operations</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 122.2pt 0 10.75pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Investment Company Act 1940, page F-<FONT STYLE="letter-spacing: -0.25pt">17</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">26.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise your disclosure under this heading and on page F-46 regarding the potential safe harbor
and to otherwise update for the guidance the SEC provided for SPACs to consider when analyzing their status under the Investment Company
Act of 1940. See SEC Release No. 33-11265, Special Purpose Acquisition Companies, Shell Companies, and Projections, adopted on January
24, 2024. Please ensure any outdated disclosure is removed.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.6pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.6pt 0 46.1pt; text-indent: -35.4pt"></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 7.6pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.6pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.6pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We have revised the disclosure under the &ldquo;Investment
Company Act of 1940&rdquo; heading and on&nbsp;<B>pages F-46</B>&nbsp;and F-17 remove outdated information, incorporate the updated guidance
from&nbsp;<B>SEC Release No. 33-11265</B>, and ensure compliance with the latest rules and regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.75pt"><U>Note 10. Subsequent Events, page F-<FONT STYLE="letter-spacing: -0.25pt">29</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">27.</TD><TD STYLE="text-align: justify; padding-right: 0pt">Please revise to include a discussion of the various deferral agreements as disclosed
in Bannix&rsquo;s January 3, 2025 Form 8-K. Also, disclose any additional Extension payments made since September 30, 2024. Refer to ASC
855-10-50-2.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.65pt 0 46.1pt; text-align: justify; text-indent: -35.4pt">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We will revise the filing to include the following disclosure
under&nbsp;<B>Subsequent Events</B>&nbsp;on&nbsp;<B>page F-29</B>, incorporating the details about the extension payments and the various
deferral agreements disclosed in Bannix&rsquo;s January 3, 2025, Form 8-K, as required by&nbsp;<B>ASC 855-10-50-2</B>.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 204.15pt 0 10.75pt; text-align: justify"><U>Notes to Unaudited Condensed
Financial Statements Note 1. Organization, page F-67</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 204.15pt 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">28.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your response to prior comment 36. We note from your disclosures on page 96 that Target has
performed activities including &ldquo;development, testing and commercialization of technologies&rdquo; since its formation on March 20,
2024. We also note from your disclosure beginning on page 161 that certain of your products</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 19.3pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">are fully developed (i.e., generation v3.0 counter drones,
generation v3.0 illumination drones) while others are near completion and/or in some stage of testing. Please reconcile this disclosure
with the information in your response that states Target did not begin incurring costs associated with their product readiness and technology
until October 20, 2024. Provide us with a timeline of when you completed development for certain products and performed testing and demonstrations
for others and revise your disclosures on page 161 to include such timelines. If any such activities occurred prior to September 30, 2024,
please revise to provide your accounting policy for related costs and clarify where these costs are recognized in your financial statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 4.35pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 24.05pt 0 46.1pt">Additionally, to the extent you anticipate costs increasing
significantly in future periods revise to include a discussion of this potential trend in MD&amp;A.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify"><FONT STYLE="font-weight: normal">We have revised the
disclosure to provide the timeline of the Target&rsquo;s products on page 96 and 161.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 76.95pt 0 10.75pt"><U>Note 2. Basis of Presentation and Summary of Significant
Accounting Policies Value of Acquired Marketable Securities, page F-72</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 76.95pt 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">29.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your revised disclosure and response to prior comment 32. In your response, you state the determination
to record the 10 million AVAI shares at par value was pursuant to ASC 820-10-35, which governs the measurement of non-marketable securities.
We note your investment was in &ldquo;tradable shares&rdquo; and you disclose on page 169 that the purpose of this transaction was &ldquo;to
provide Target with access to liquidity, if necessary,&rdquo; which implies an intent to sell such shares in the market. As previously
requested, please provide us with a <U>detailed and thorough</U> accounting analysis that supports your conclusion to recognize the shares
at par value and record them as a Level 3 fair value asset. Include references to the <U>specific</U> accounting guidance used in your
analysis. To the extent you believe the AVAI shares lack liquidity, as your response indicates, please explain why you are referencing
such shares as a potential source of liquidity, or revise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.4pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.4pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.4pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment regarding the classification and
valuation of the 10 million AVAI shares and provide the following detailed response.</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-align: justify"><B>Description of AVAI securities</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has revised the description of the AVAI
shares on its financial statements and related disclosures from Tradeable securities to Investment in securities as of September 30, 2024</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has revised its disclosure under Liquidity
and Capital Resources, page 169, to eliminate the purpose of the transaction was to provide target with access to liquidity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Fair value of AVAI shares and Level 3 Categorization
in accordance with ASC 820-10-35</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June, 2024 , the Company received 10 Million shares
of unrestricted common stock of Avant Technologies, Inc.(&ldquo;AVAI&rdquo;) in exchange for 222 shares of the Company&rsquo;s common
stock. AVAI is a public company and has approximately 137 million shares of common stock issued and outstanding and its shares trade on
the OTC QB under the symbol AVAI.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounted for the fair value of the AVAI
shares at the shares&rsquo; respective par value of $.001 per share, for an aggregate amount of $10,000 in the accompanying financial
statements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 820-35-10-2 defines fair value as the price that
would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement
date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accordingly, the Company observed the following characteristics
of the AVAI shares in determining the fair value of the AVAI shares:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; 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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AVAI
                                            shares trade on the OTC QB- not a regulated securities exchange registered with the SEC-
                                            such as the NASDAQ or the NYSE . OTCQB is a market place, not an exchange.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AVAI
                                            shares are thinly traded with low volume and do not trade in an active market as defined
                                            under ASC 820 -10-35-24B</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significantly
                                            wide spreads between bid and ask prices</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AVAI
                                            has negative equity of $1.8 M as of September 30, 2024</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AVAI
                                            is in the development stage and has reported no revenues to date.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            AVAI auditors have raised doubts of AVAI&rsquo;s ability to continue as a going concern in
                                            its most recent report</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AVAI
                                            reports negative cash flow from operations of $838,000 through September 30, 2024</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AVAI
                                            has an accumulated deficit of $4,100,000 through September 30, 2024</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 820-10-35-3 , assumes the measurement of the fair
value of the shares is exchanged with a counter party in an orderly transaction between market participants to sell the asset at the measurement
date under current market conditions.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 0pt; padding-left: 0pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with determining a fair value of the
    shares , the Company reviewed ASC 820-10-35-37 which establishes a fair value hierarchy that prioritizes the inputs used in valuation
    techniques into the following three levels:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: #A8A8A8">&bull; </FONT>Level 1:
Quoted prices (unadjusted) in <I><U>active markets</U></I> for identical assets and liabilities that the reporting entity can access at
the measurement date</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: #A8A8A8">&bull; </FONT>Level 2:
Inputs other than quoted prices in <I><U>active markets</U></I> for identical assets and liabilities that are observable either directly
or indirectly</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: #A8A8A8">&bull; </FONT>Level 3:
Unobservable inputs</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Based upon the facts and circumstances , the Company
has concluded the Company&rsquo;s AVAI common shares lack liquidity, do not trade in an active market and accordingly are appropriately
categorized under level 3 inputs pursuant to ASC 320-10-35. In addition to the inactive market for the AVAI stock, the Company has concluded
the fair value of the shares of par value , $10,000, is reasonable based upon the AVAI current financial position and results of its operations.</P>

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

<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>

<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">We note your response to prior comment 39. We also note that Target appears to own investment securities
having a value far exceeding 40% of the value of its total</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 7.55pt 0 46.1pt; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">assets. As previously requested, in addressing whether the
Target (or the combined company following the Business Combination) or any of its subsidiaries meet the definition of an &ldquo;investment
company&rdquo; under Section 3(a)(1)(C) of the Investment Company Act of 1940, please include all relevant calculations under Section
3(a)(1)(C), identifying each constituent part of the numerator(s) and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">denominator(s). In addition, if you believe that Target
and the combined company can rely on the exclusion set forth in Section 3(b)(1), please provide a detailed analysis supporting this determination.
In your response, include an in-depth discussion of the five-factor qualitative test, known as the Tonopah factors.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">We acknowledge the SEC&rsquo;s comment and appreciate the opportunity
to clarify whether Target, the combined company (VisionWave Holdings, Inc.), or any of its subsidiaries meet the definition of an &ldquo;investment
company&rdquo; under Section 3(a)(1)(C) of the Investment Company Act of 1940.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">Under Section 3(a)(1)(C) of the Investment Company Act, an issuer
qualifies as an investment company if:</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 0 0 36pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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: 18pt"></TD><TD STYLE="width: 18pt">1.</TD><TD STYLE="text-align: justify; padding-right: 0pt">It owns or proposes to acquire investment securities having a value exceeding&nbsp;40% of its total assets&nbsp;(exclusive of government
securities and cash items) on an unconsolidated basis.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt">2.</TD><TD STYLE="text-align: justify; padding-right: 0pt">The issuer is primarily engaged in the business of investing, reinvesting, owning, holding, or trading in securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">With respect to the combined company, the numerator would consist
of its investment securities. As of September 30, 2024, Target owns&nbsp;<B>10 million shares of AVAI</B>, valued at&nbsp;<B>$10,000</B>&nbsp;based
on the book value recorded by Target (Level 3 input under ASC 820).</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: 0pt 0pt 0pt 46.1pt; text-align: justify">The denominator would consist of total assets. Total assets of
target as of September 30, 2024, amount to&nbsp;<B>$13,014</B>, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD>Cash and cash equivalents:&nbsp;<B>$964</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD>Brokerage account:&nbsp;<B>$2,050</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD>Investment in AVAI shares:&nbsp;<B>$10,000</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">The percentage of investment securities to total assets would
be 76.8% based on the following calculation.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">Percentage=(Investment&nbsp;SecuritiesTotal&nbsp;Assets)&times;100Percentage=(Total&nbsp;AssetsInvestment&nbsp;Securities)&times;100Percentage=(10,00013,014)&times;100=76.8%Percentage=(13,01410,000)&times;100=76.8%</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">Although the investment securities exceed 40% of total assets,
Target does not qualify as an investment company for the reasons outlined below.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">Under Section 3(b)(1) of the Investment Company Act, an entity
is excluded from the definition of an investment company if it is&nbsp;primarily engaged in a business other than investing, reinvesting,
owning, holding, or trading in securities. Target&rsquo;s operational focus is as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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: 18pt"></TD><TD STYLE="text-align: justify; width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Target
                                            is an active operating company engaged in the development of advanced radar and camera technologies,
                                            with initial applications tailored for&nbsp;military and national security use cases.</FONT></TD></TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt"><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="text-align: justify; width: 18pt"></TD><TD STYLE="text-align: justify; width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            AVAI shares were acquired as a one-time strategic transaction to provide potential funding
                                            for Target&rsquo;s operations, not as part of an investment strategy.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">The&nbsp;Tonopah test&nbsp;provides a qualitative framework to
assess whether an entity is primarily an operating company. Below is an analysis of Target under these factors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 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: 18pt"></TD><TD STYLE="width: 18pt">1.</TD><TD>Historical Development:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">Target was founded as a development-stage company focused on cutting-edge technologies for defense and law enforcement applications.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">VisionWave Holdings was incorporated as an operational entity to consolidate Target&rsquo;s activities post-merger.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 18pt"></TD><TD STYLE="width: 18pt">2.</TD><TD>Public Representations:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">Target does not present itself as an investment company. All public disclosures, including the S-4 filing, emphasize its focus on
military-grade technology development.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 18pt"></TD><TD STYLE="width: 18pt">3.</TD><TD>Activities of Officers and Directors:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">The management team is actively engaged in product development, client relationships, and business expansion. No resources are allocated
to securities trading or investments.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: -18pt"></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 72pt; 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: 18pt"></TD><TD STYLE="width: 18pt">4.</TD><TD>Nature of Assets:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">Target&rsquo;s core assets include intellectual property, cash, and investments necessary to support its operational goals. The AVAI
shares are ancillary to its business plan and were acquired as a funding mechanism.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 18pt"></TD><TD STYLE="width: 18pt">5.</TD><TD>Sources of Income and Revenue:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">Target&rsquo;s income will primarily derive from the commercialization of its proprietary technologies, not from securities investments.</TD></TR></TABLE>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">At the closing of the business combination,&nbsp;<B>VisionWave Holdings
and Target will be the only surviving entities</B>, with all other entities dissolved. This consolidated structure underscores the operational
focus of the combined company which will consist solely of that of Target.</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">We will revise the risk factor titled &ldquo;<FONT STYLE="color: #212529">If
we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements
and our activities may be restricted, which may make it difficult for us to complete our business combination.<B><I>&rdquo; </I></B></FONT>to
include the following:</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: 18pt"></TD><TD STYLE="width: 18pt">1.</TD><TD>Calculations under Section 3(a)(1)(C):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD>The investment securities represent 76.8% of Target&rsquo;s total assets due to its development-stage status.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD>This percentage is not indicative of Target&rsquo;s operational focus or long-term business plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 18pt"></TD><TD STYLE="width: 18pt">2.</TD><TD>Exclusion under Section 3(b)(1):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD STYLE="text-align: justify">Target qualifies for exclusion as it is primarily engaged in developing advanced technologies for defense and law enforcement applications,
supported by its public representations, asset composition, and operational activities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; 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: 18pt"></TD><TD STYLE="width: 18pt">3.</TD><TD>Tonopah Test Analysis:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 54pt"></TD><TD STYLE="width: 18pt">o</TD><TD>A detailed application of the Tonopah factors demonstrates Target&rsquo;s status as an operating company.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Based on the quantitative and qualitative analysis:</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: 18pt"></TD><TD STYLE="width: 18pt">1.</TD><TD STYLE="text-align: justify">Target does not meet the definition of an investment company under Section 3(a)(1)(C) of the Investment Company Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt">2.</TD><TD STYLE="text-align: justify">The combined company qualifies for the exclusion under Section 3(b)(1) due to its operational focus and business strategy.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 18pt"></TD><TD STYLE="width: 18pt">3.</TD><TD STYLE="text-align: justify">The AVAI shares were acquired for strategic future potential funding purposes and do not reflect a shift toward investment activities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; 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: 10.7pt"></TD><TD STYLE="width: 35.4pt">31.</TD><TD STYLE="text-align: justify; padding-right: 0pt">We note your response to prior comment 40. Although your response states you have
revised to consistently refer to the Sponsor and various affiliated parties, we continue to note the following discrepancies in your disclosures:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 12.2pt 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: 123.5pt"></TD><TD STYLE="width: 16.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD>&ldquo;Sponsor and Other Insiders&rdquo; on pages 25, 26, 43, 55, 130, 135 and <FONT STYLE="letter-spacing: -0.25pt">138</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 140.15pt; 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: 123.5pt"></TD><TD STYLE="width: 16.65pt">&#9679;</TD><TD>&ldquo;Bannix&rsquo;s sponsor and other insiders&rdquo; on page <FONT STYLE="letter-spacing: -0.25pt">24</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 140.15pt; 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: 123.5pt"></TD><TD STYLE="width: 16.65pt">&#9679;</TD><TD>&ldquo;Sponsor and its Affiliates&rdquo; on pages 26, 27 and <FONT STYLE="letter-spacing: -0.25pt">65</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 140.15pt; 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: 123.5pt"></TD><TD STYLE="width: 16.65pt">&#9679;</TD><TD>&ldquo;SPAC Sponsor&rdquo; on pages 41 and <FONT STYLE="letter-spacing: -0.25pt">100</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 140.15pt; 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: 19.65pt">&#9679;</TD><TD>&ldquo;Company&rsquo;s Sponsor&rdquo; on pages 129, 154 and <FONT STYLE="letter-spacing: -0.25pt">178</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.25pt; text-indent: -19.65pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.25pt; text-indent: -19.65pt"></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 67.25pt; text-indent: -19.65pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">As previously requested, revise to use consistent terminology
throughout and ensure the terms are defined in your glossary beginning on page 14.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">Response</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 8.9pt 0 46.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 46.1pt; text-align: justify">To address the SEC&rsquo;s comment, we will standardize the terminology
used to refer to the&nbsp;<B>Sponsor</B>&nbsp;and affiliated parties throughout the filing. Additionally, we will ensure that a consistent
definition is included in the glossary on&nbsp;<B>page 14</B>.</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: 0pt 0pt 0pt 46.1pt; text-align: justify">We will use the term&nbsp;<B>&rdquo;Sponsor and Other Insiders&rdquo;</B>&nbsp;consistently
throughout the filing. This term will replace all other variations, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">&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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Bannix&rsquo;s
                                            sponsor and other insiders&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Sponsor
                                            and its Affiliates&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;SPAC
                                            Sponsor&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt"><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: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Company&rsquo;s
                                            Sponsor&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -18pt">&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; text-align: center">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">Please do not hesitate to contact our attorney, Stephen Fleming, at 516-902-6567
if you have any questions or comments. Thank you.&#8239;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sincerely,&#8239;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Douglas
    Davis, CEO&#8239;&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&nbsp;</FONT></P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">cc:&#8239;&nbsp;</FONT></TD>
    <TD STYLE="width: 94%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stephen
    M. Fleming, Esq.&#8239;&nbsp;</FONT></TD></TR>
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