secwatch.observer — SEC 8-K summary
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Issuer:     Pinstripes Holdings, Inc. (—)
CIK:        0001852633
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001104659-23-048498
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 5.07, 5.03, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banyan Acquisition extends deadline to Dec 2023; $210M redeemed, trust balance $41.7M
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- Stockholders approved Charter and Trust amendments, extending business combination deadline by 8 months to December 24, 2023.
- Holders of 20,151,313 Class A shares redeemed for ~$210M ($10.42/share), reducing trust account to ~$41.7M.
- Sponsor converted 2M Class B shares to Class A one-for-one; post-redemption outstanding: 5,998,687 Class A and 5,245,000 Class B shares.
- The extension gives Banyan until December 24, 2023 to complete a business combination with no additional payment to trust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852633/000110465923048498/0001104659-23-048498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852633/000110465923048498/tm2312696d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-048498

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