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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Banner Acquisition Corporation | NASDAQ:BNNR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.29 | 10.26 | 10.78 | 0 | 01:00:00 |
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 7, 2023
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Class A Common Stock, par value $0.0001 per share | BNNR | The NASDAQ Stock Market LLC | ||
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share | BNNRW | The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. | Other Events. |
On March 7, 2023, Banner Acquisition Corp., a Delaware corporation (“Banner”), issued a press release announcing its intent to create, via business combination with multiple targets, a new publicly traded platform focused on the property services sector.
Banner has entered into multiple letters of intent with target companies in the sector and intends to continue seeking additional acquisition targets that provide services in areas such as cleaning, HVAC, plumbing, landscaping, pest control, residential solar and energy management, restoration, facility management and other related businesses.
As a result of the signed letters of intent, pursuant to the provisions of Banner’s Amended and Restated Certificate of Incorporation (the “Charter”), Banner has until June 10, 2023 to consummate its business combination. The letters of intent are non-binding with respect to all material terms, except with respect to certain customary provisions. There can be no assurance that the parties will enter into definitive agreements or that the parties will consummate the transactions on the terms or timeframe currently contemplated, or at all. If Banner does not consummate a business combination on or before June 10, 2023, and Banner’s stockholders have not approved an extension of the combination period by amending the Charter, there will be a mandatory liquidation and subsequent dissolution of Banner.
A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release dated March 7, 2023. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 7, 2023
BANNER ACQUISITION CORP. | ||
By: | /s/ Tanner Ainge | |
Name: | Tanner Ainge | |
Title: | Chief Executive Officer |
1 Year Banner Acquisition Chart |
1 Month Banner Acquisition Chart |
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