Banner Acquisition Corp.
BNNRW
NASDAQ Capital Market0.00
USD
- -
- -
CIK
0001852332
Return %
Stock
S&P500
1Y
-99.00
26.53
3Y
-99.83
76.60
5Y
-99.83
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001852332
- Similar Companies
- Business
- Banner Acquisition Corp. (BNNRW) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it focuses its search on targets in healthcare (medical devices, biotechnology, healthcare services), education, business services, consumer products (food and beverage, retail, lifestyle brands), and home services sectors such as cleaning, HVAC, plumbing, pest control, residential solar, landscaping, restoration, and facility management. The company provides financial products including investment vehicles for institutional and accredited investors to participate in pre-public high-growth businesses via SPAC structures and equity stakes in acquisitions; its services encompass due diligence on targets' financial health, market position, technology, and competitive landscapes, capital injection for growth initiatives and market expansion post-acquisition, strategic guidance including governance and operational efficiency improvements, market positioning through branding and partnerships, and exit planning for public offerings or other strategies. Founded in 2021 and headquartered in Lehi, Utah, Banner Acquisition Corp. has no current substantive operations or revenue generation beyond pursuing business combinations. In May 2023, the company announced the redemption of all outstanding public shares at approximately $10.27 per share, ceased trading of its Class A common stock around May 15, 2023, canceled public shares by May 16, 2023, and initiated wind-up of operations while its warrants expired worthless, rendering the entity liquidated and defunct as confirmed by multiple tracking sources. Prior to liquidation, Banner consummated a $150 million initial public offering in September 2021 generating $157 million in trust proceeds and explored multiple letters of intent with targets but completed no mergers.