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Pinstripes Holdings (Banyan Acquisition) Priced, NYSE: PNST

Blank check company led by the Chairman of TriMark USA targeting the foodservice industry (completed 12/29/2023).

Industry: SPAC

Latest Trade: $0.76 -0.01 (-1.3%)

First Day Return: -0.1%

Return from IPO: -92.3%

Industry: SPAC

We are a newly formed blank check company. Although we may pursue an initial business combination target in any sector, industry or geographic location, we currently intend to focus our efforts on identifying business combination targets in the foodservice industry, including foodservice equipment and supply manufacturers; foodservice equipment and supply dealers/distributors; commercial food manufacturers; commercial food dealers; industry adjacent digital businesses; emerging restaurant concepts; and other similar categories of businesses. Our management team has decades of experience as operating executives, with demonstrated success growing and investing in foodservice businesses. As both investors and operators, members of our management team have extensive insight into industry and acquisition trends and they have a vast network of industry relationships. Our management team has proficiency in utilizing industry trends and capitalizing on them through acquisition, start-up business creation, and strategic planning. We understand the challenges that the foodservice industry currently faces and believe our team can not only identify a suitable business combination target, but also assist that business in finding opportunities to maximize growth and profitability through strategic plans or acquisition. Additionally, members of our board of directors and our advisors have diverse and additive experiences and networks, enhancing our ability to successfully execute a merger.
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IPO Data
IPO File Date 08/06/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 21.0
Deal Size ($mm) $210
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/19/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 21.0
Deal Size ($mm) $210
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BTIG
I-Bankers Securities
Company Data
Headquarters Northbrook, IL, United States
Founded 2021
Employees at IPO 3

Pinstripes Holdings (Banyan Acquisition) (PNST) Performance