Banner Acquisition Corp. (BNNRU) Prices $150M IPO


Banner Acquisition Corp. (BNNRU) Prices $150M IPO

Banner Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “BNNRU” Wednesday, September 8.

The Company intends 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. Banner Acquisition Corp. is sponsored by an affiliate of Banner Ventures and led by Christopher Christensen, who serves as Chairman of the Board, and Tanner Ainge, who serves as Chief Executive Officer and Director.

Total SPAC deal count for 2021 year-to-date is now 424. This offering is expected to close on Friday, September 10.

BofA Securities served as the sole book-running manager on the offering. Vinson & Elkins L.L.P. is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company, LLC is acting as trustee.