Pinstripes and Banyan Acquisition Corp. Announce Effectiveness of Form S-4 Registration Statement

Pinstripes, Inc. (“Pinstripes,” or “the Company”), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, and Banyan Acquisition Corporation (“Banyan”) (NYSE: BYN), a publicly traded special purpose acquisition company, today announced that the U.S. Securities and Exchange Commission (“SEC”) declared effective the Registration Statement on Form S-4, as amended (the “Registration Statement”) filed with the SEC in connection with the previously announced proposed business combination (the “Business Combination”) of Pinstripes and Banyan.

“We are pleased to achieve this important step forward to becoming a publicly traded company,” said Dale Schwartz, Founder and CEO of Pinstripes. “Pinstripes is poised to continue capitalizing on strong consumer demand and to delivering extraordinary experiences through our unique combination of made-from-scratch dining and the timeless games of bowling and bocce. With our iconic community focused venues and our passionate Pinstripes team, we are at an exciting inflection point of growth. Concluding our process of becoming a public company will help accelerate our growth, as Pinstripes continues to create extraordinary, magical connections that bring out the best in everyone.”

“Pinstripes is a leader when it comes to innovation and experiential dining. We are proud to partner with them on this transaction and are thrilled to have achieved this milestone,” added Jerry Hyman, Chairman of Banyan. “Pinstripes continues to demonstrate its ability to execute with its commitment to authenticity, the ongoing success of its current locations as well as the successful opening of its latest location in Westfield Topanga. With more locations in the pipeline and an ability to soundly meet dynamic consumer trends and behavior, Pinstripes offers investors a distinctive entryway into an experiential and fine dining concept with significant whitespace for growth ahead.”

Special Meeting Details

Banyan announced it will hold its special meeting of stockholders (the “Special Meeting”) on December 20, 2023, at 10:00 a.m., Eastern Time, to approve the Business Combination with Pinstripes and related matters. Banyan stockholders of record as of November 20, 2023 are being sent notice of, and are entitled to vote at the Special Meeting.

The Special Meeting will be virtual and conducted via live webcast at https://www.cstproxy.com/banyanacquisition/sm2023. To register and receive access to the virtual meeting, registered stockholders and beneficial stockholders (those holding shares through a stock brokerage account or by a bank or other holder of record) will need to follow the instructions applicable to them provided in the proxy statement.