Banyan Acquisition Corp. combining with Pinstripes in SPAC restaurant deal valued at $520 mln

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Banyan Acquisition Corp. said Friday it agreed to combine with restaurant company Pinstripes in a deal that values the combined company at $520 million....

Banyan Acquisition Corp. BYN said Friday it agreed to combine with restaurant company Pinstripes in a deal that values the combined company at $520 million. Based in Northbrook, Ill, Pinstripes describes itself as a “best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space” with projected 2024 revenue of about $185 million to $195 million and 13 venues.

... Banyan Acquisition Corp. BYN said Friday it agreed to combine with restaurant company Pinstripes in a deal that values the combined company at $520 million. Based in Northbrook, Ill, Pinstripes describes itself as a “best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space” with projected 2024 revenue of about $185 million to $195 million and 13 venues.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cleanspark Expands Bitcoin Operations With Acquisition of Georgia Facilities in All-Cash Deal – Mining Bitcoin NewsCleanspark announced that it has entered into definitive agreements to acquire two turnkey bitcoin facilities in Dalton, Georgia.
Source: BTCTN - 🏆 531. / 51 Read more »

Adobe XD’s days are numbered ahead of Figma acquisitionAdobe XD put on life support ahead of Figma acquisition
Source: verge - 🏆 94. / 67 Read more »

BitGo says it's terminating acquisition of Prime TrustBitGo said Thursday that it's terminating the acquisition of crypto custodian Prime Trust, just two weeks after it announced plans for the deal.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Crypto Custody Firm BitGo Cancels Prime Trust AcquisitionPrime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.
Source: CoinDesk - 🏆 291. / 63 Read more »

BitGo terminates acquisition of Prime TrustBitGo shared that it had arrived 'at the hard decision to terminate its acquisition of Prime Trust' after much consideration.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian's Ongoing Uncertainty – Bitcoin NewsThe crypto company Bitgo cited a 'considerable effort' in attempting to chart a course for Prime Trust’s future.
Source: BTCTN - 🏆 531. / 51 Read more »