Market Capitalization (Millions $) |
150 |
Shares
Outstanding (Millions) |
15 |
Employees |
- |
Revenues (TTM) (Millions $) |
- |
Net Income (TTM) (Millions $) |
0 |
Cash Flow (TTM) (Millions $) |
1 |
Capital Exp. (TTM) (Millions $) |
0 |
Banner Acquisition Corp
Banner Acquisition Corp is a special purpose acquisition company (SPAC) that was formed with the purpose of merging or acquiring a target company. The company was established to raise funds through an initial public offering (IPO) in order to finance a future business combination.
As a SPAC, Banner Acquisition Corp does not have any operational business or assets of its own. Its primary goal is to identify and merge with an existing private company, thereby taking it public and providing the target company with access to the public market. The target company is typically chosen based on its growth potential, market position, and synergy with Banner Acquisition Corp's investment strategy.
Once the merger or acquisition is completed, the target company becomes a publicly-traded entity, allowing it to raise additional capital and expand its operations. Typically, the shareholders of the target company receive shares in Banner Acquisition Corp, which allows them to participate in the potential upside of the merged entity.
Overall, Banner Acquisition Corp serves as a vehicle for private companies to access the public market and for investors to participate in the growth potential of these companies.
Company Address: 300 S 1350 E, 2nd Floor Lehi 84043 UT
Company Phone Number: 447-1534 Stock Exchange / Ticker: 0 BNNR
BNNR is expected to report next financial results on April 13, 2024. |
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