Banner Acquisition Corp.
BNNR
NASDAQ Capital Market10.30
USD
+0.01
- -
CIK
0001852332
ISIN
US06654K1016
CUSIP
06654K101
Return %
Stock
S&P500
1Y
4.57
26.53
3Y
5.05
76.60
5Y
5.05
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Tanner Ainge
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 300 S 1350 E Lehi UT United States of America 84043
- IPO Date
- Oct 29, 2021
- CIK
- 0001852332
- Website
- banneracquisition.com
- Similar Companies
- Business
- Banner Acquisition Corp. (BNNR) operates as a blank check company whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Incorporated in 2021 and headquartered in Lehi, Utah, the company generates no revenue and conducts no significant operations pending identification of a suitable target, initially focusing on sectors including healthcare, education, and business services, with later consideration of family-owned or founder-led businesses featuring strong historical earnings and enterprise values between $500 million and $2 billion. In March 2023, Banner Acquisition Corp. entered into multiple non-binding letters of intent with undisclosed targets in the property services sector, including cleaning, HVAC, plumbing, landscaping, pest control, and residential solar, to form a publicly traded platform; however, it failed to complete a business combination by the extended deadline of June 10, 2023, resulting in the redemption of all outstanding Class A common shares at approximately $10.27 per share effective May 16, 2023, cessation of operations, cancellation of warrants, and subsequent liquidation and dissolution.