Banyan Acquisition Corporation was originally established in 2021 with the goal of executing a business combination, such as a merger or acquisition, with another entity. The company’s focus for identifying a target business was specifically within the foodservice sector. Headquartered in Northbrook, Illinois, Banyan Acquisition Corporation completed its primary objective on December 29, 2023, by merging with Pinstripes, Inc. Following this transaction, Banyan Acquisition Corporation was renamed Pinstripes Holdings, Inc., and Pinstripes' shares commenced trading on the NYSE under the tickers PNST and PNST WS. The business combination generated more than $70 million in gross proceeds to support Pinstripes' strategic expansion initiatives.