other material
confidence high
sentiment negative
materiality 0.55
Pinstripes Holdings, Inc.: Nasdaq/NYSE listing notice — NYSE moves to delist Pinstripes warrants; common stock unaffected
Pinstripes Holdings, Inc.
- NYSE notified Pinstripes on Dec 17, 2024 of delisting for Public Warrants (PNST.WS) due to abnormally low trading price.
- Trading of Public Warrants suspended immediately; Class A common stock (PNST) continues trading normally.
- Warrants are exercisable for one share of common stock at $11.50 per share; originally issued in Banyan Acquisition Corp. IPO.
- Delisting based on NYSE Section 802.01D; company remains listed subject to continued compliance with other listing standards.