Renaissance Capital logo

PNST News

Foodservice SPAC Banyan Acquisition prices $210 million IPO

Banyan Acquisition, a blank check company led by the Chairman of TriMark USA targeting the foodservice industry, raised $210 million by offering 21 million units at $10. The company offered 1 million more units than anticipated. It originally planned to offer 30...read more

Foodservice SPAC Banyan Acquisition decreases deal size by 33% ahead of $200 million IPO

Banyan Acquisition, a blank check company led by the Chairman of TriMark USA targeting the foodservice industry, lowered the proposed deal size for its upcoming IPO on Thursday. The Northbrook, IL-based company now plans to raise $200 million by offering 20...read more

US IPO Weekly Recap: Postponements abound in a 4 IPO week

After a busy July, the IPO market began to pump the brakes this past week with four IPOs and four postponements. SPAC activity remained steady with seven blank check IPOs. New filers trickled into the IPO pipeline, with only one IPO and six SPACs submitting...read more

Foodservice SPAC Banyan Acquisition files for a $300 million IPO

Banyan Acquisition, a blank check company led by the Chairman of TriMark USA targeting the foodservice industry, filed on Friday with the SEC to raise up to $300 million. The Northbrook, IL-based company plans to raise $300 million by offering 30 million units...read more

Archived Headlines