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Banner Acquisition Priced, Nasdaq: BNNRU

Blank check company backed by Banner Ventures targeting family-owned or founder-led businesses (liquidated).

Industry: SPAC

Latest Trade: $10.28 +0.27 (+2.7%)

First Day Return: -1.0%

Return from IPO: +0.1%

Industry: SPAC

We are a blank check company. While we may pursue an initial business combination target in any industry or geographic region, we will seek to capitalize on the operational and investment experience of our management team and focus on companies that we believe have significant growth prospects with the potential to generate attractive returns for our stockholders. We intend to initially focus on companies with an enterprise value range of $500 million to $2 billion, depending on market opportunities for liquidity, that have strong historical earnings and are essential to the United States economy. This includes, but is not limited to healthcare, education and business services. We intend to seek partnership with family-owned or founder-led businesses and industry-leading, tenured management teams looking to continue their significant ownership in the business that they have built for the long-term. We intend to support the founders and management through the unique challenges of transitioning into a public company, and will assist with enhancing their merger and acquisition capabilities with the additional tools available to a public company. Banner Ventures is a private investment firm that delivers partnership capital to growth-stage ventures and transitioning family-owned businesses alike.
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IPO Data
IPO File Date 07/15/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/07/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
Company Data
Headquarters Lehi, UT, United States
Founded 2021
Employees 3

Banner Acquisition (BNNRU) Performance