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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

First Day Return: -1.0%

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 $2 billion, depending on market opportunities for liquidity, that have strong historical earnings and are essential to the United States economy. This includes, but is not limited to healthcare, education and business services. We intend to seek partnership with family-owned or founder-led businesses and industry-leading, tenured management teams looking to continue their significant ownership in the business that they have built for the long-term. We intend to support the founders and management through the unique challenges of transitioning into a public company, and will assist with enhancing their merger and acquisition capabilities with the additional tools available to a public company. Banner Ventures is a private investment firm that delivers partnership capital to growth-stage ventures and transitioning family-owned businesses alike.
IPO Data
IPO Date 09/07/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $150
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Lehi, UT, United States
Founded 2021
Employees at IPO 3

Banner Acquisition (BNNRU) Performance

Created with Highcharts 10.3.2Chart context menuBNNRU vs. IPO Index (IPOUSA)Oct 2021Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 20250%-75%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index