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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): May 4, 2023

 

 

 

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

 

Check the appropriate box below if the Form 8-K 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 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 x

 

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 May 4, 2023, Banner Acquisition Corp., a Delaware corporation (the “Company”), issued a press release announcing that the Company expects to redeem all of its outstanding shares of Class A common stock, par value $0.0001 per share, effective as of the close of business on or around May 16, 2023, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation. A copy of the press release is furnished herewith as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Number   Description
99.1   Press Release dated May 4, 2023.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: May 4, 2023

 

  BANNER ACQUISITION CORP.
     
  By: /s/ Tanner Ainge
  Name: Tanner Ainge
  Title: Chief Executive Officer