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.






(d) Exhibits



Exhibit No.   Description
  99.1          Press Release dated March 7, 2023.
104           Cover Page Interactive Data File (embedded within the Inline XBRL document).

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