Pinstripes to go public via a SPAC merger with Banyan Acquisition in a $520m deal.

Pinstripes, an experiential dining and entertainment brand, agreed to go public via a SPAC merger with Banyan Acquisition, blank check company, in a $520m deal. Upon the founding of Banyan Acquisition Corp., we declared our aim to identify an appealing business with promising growth opportunities that would benefit from our expertise and experience in the foodservice industry. We sought a company with a strong market position, competitive advantages, and a highly experienced management team that has a proven track record of maximizing value while upholding the utmost integrity. Today, we are delighted to announce that we are accomplishing this objective through our proposed merger with Pinstripes,” Jerry Hyman, Banyan Chairman.