Dining And Entertainment Brand Pinstripes To Become Publicly-listed Company

By RTTNews Staff Writer   ✉   | Published:

Pinstripes, Inc. announced its plan to go public via a business combination with Banyan
Acquisition Corp. (BYN). Upon the closing, Pinstripes' common stock and warrants are expected to be listed on the NYSE under the ticker symbols, PNST, and PNST WS, respectively. The deal values the combined company at a pro forma enterprise value
of approximately $520 million, at $10.00 per share.

Pinstripes provides a home away from home where guests can enjoy delicious food, and socializing. It has 13 venues now open in eight states and Washington D.C. and six more under construction that are expected to open by early 2024.

Pinstripes is led by Founder Dale Schwartz, who will continue to lead the company.

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