# EDGAR Filing Document

**Accession Number:** 0001852332
**File Stem:** 0001104659-23-029665
**Filing Date:** 2023-3
**Character Count:** 11333
**Document Hash:** 061a03b718d3eeb6e29d2c25a68c81f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-029665.hdr.sgml**: 20230307

**ACCESSION NUMBER**: 0001104659-23-029665

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230307

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230307

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Banner Acquisition Corp.
- **CENTRAL INDEX KEY:** 0001852332
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40784
- **FILM NUMBER:** 23714036

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 W. INNOVATION WAY
- **STREET 2:** 5TH FLOOR
- **CITY:** LEHI
- **STATE:** UT
- **ZIP:** 84043
- **BUSINESS PHONE:** 801-712-3708

**MAIL ADDRESS:**
- **STREET 1:** 1633 W. INNOVATION WAY
- **STREET 2:** 5TH FLOOR
- **CITY:** LEHI
- **STATE:** UT
- **ZIP:** 84043

?xml version="1.0" encoding="utf-8"?

**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**

---

| | | | |
|:---|:---|:---|:---|
| **BANNER ACQUISITION CORP.** | **BANNER ACQUISITION CORP.** | **BANNER ACQUISITION CORP.** | **BANNER ACQUISITION CORP.** |
| **(Exact name of registrant as specified in its charter)** | **(Exact name of registrant as specified in its charter)** | **(Exact name of registrant as specified in its charter)** | **(Exact name of registrant as specified in its charter)** |
| **Delaware** | **001-40784** | **001-40784** | **86-2670267** |
| **(State or other jurisdiction<br> of incorporation)** | **(Commission<br> File Number)** | **(Commission<br> File Number)** | **(I.R.S. Employer <br> Identification No.)** |
| **300 S 1350 E, 2nd Floor<br> Lehi, UT** | **300 S 1350 E, 2nd Floor<br> Lehi, UT** | **84043** | **84043** |
| **(Address of principal executive office)** | **(Address of principal executive office)** | **(Zip Code)** | **(Zip Code)** |
| **(801) 447-1534** | **(801) 447-1534** | **(801) 447-1534** | **(801) 447-1534** |
| **Registrant's telephone number, including area code** | **Registrant's telephone number, including area code** | **Registrant's telephone number, including area code** | **Registrant's telephone number, including area code** |
| **Not Applicable** | **Not Applicable** | **Not Applicable** | **Not Applicable** |
| **(Former name or former address, if changed since last report)** | **(Former name or former address, if changed since last report)** | **(Former name or former address, if changed since last report)** | **(Former name or former address, if changed since last report)** |

---

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** |
| Units, each consisting of one share of Class A Common Stock, $0.0001 par value, and one-half of one redeemable warrant | BNNRU | The NASDAQ Stock Market LLC |
| 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 ⌧

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.** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](tm238707d1_ex99-1.htm) | [Press Release dated March 7, 2023.](tm238707d1_ex99-1.htm) |
| 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.** | **BANNER ACQUISITION CORP.** |
| By: | /s/ Tanner Ainge |
| Name: | Tanner Ainge |
| Title: | Chief Executive Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1**

![](tm238707d1_ex99-1img001.jpg)

**Banner Acquisition Corp. Announces Letters of Intent for Business Combination**

LEHI, UT, March 7, 2023 - Banner Acquisition Corp., a Delaware corporation ("Banner") (NASDAQ: BNNRU, BNNR, BNNRW), announced today 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.

**Forward Looking Statements**

This press release may include, and oral statements made from time to time by Banner's representatives may include, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements, including statements regarding the potential business combination and expectations regarding the combined business. In addition, words such as "potential," "estimate," "project," "predict," "expect," "continue," "anticipate," "forecast," "plan," "possible," "intend," "believe," "seek," "may," "might," "will," "if," "could," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of Banner's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: Banner's inability to enter into a definitive agreement with respect to the potential business combination or to complete the contemplated transactions; matters discovered by Banner or the target companies as they complete their respective due diligence investigation; the risk that the approval of Banner's stockholders for the potential transaction is not obtained; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of funds available in Banner's trust account following any redemptions by Banner's stockholders; the ability to meet NASDAQ's listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; and those factors discussed in Banner's prospectus dated September 7, 2021 under the heading "Risk Factors," and other documents filed, or to be filed, by Banner with the SEC. Banner does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

**Contacts**

Banner Acquisition Corp.

Tanner Ainge

tanner@bannercap.com