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Banner Acquisition Corp. (NASDAQ: BNNRU, BNNR, BNNRW) announced its plans to create a publicly traded platform focused on the property services sector. This initiative involves multiple business combinations, targeting various sectors including cleaning, HVAC, plumbing, pest control, landscaping, and residential solar. The company has signed letters of intent with multiple targets and must complete the business combination by June 10, 2023, or face mandatory liquidation. While these agreements are non-binding, they signal Banner's strategic focus on expanding its service offerings. Potential challenges include securing definitive agreements and stockholder approval.
