Thursday, October 9, 2025

Latest

Foodservice SPAC Banyan Acquisition Aims To Conduct A US$210 Million IPO

Blank check company Banyan Acquisition Corporation (NYSE: BYN.U) is looking to raise US$210 million for its initial public offering. The company goes public today on the New York Stock Exchange.

The offering consists of 21.0 million company units, up from the previous size of 20.0 million units and down from the original plan of 30.0 million units. Each unit is priced at US$10.00 per unit and consists of one Class A share and one-half of a purchase warrant. Each whole warrant is exercisable to purchase one whole Class A share at US$11.50 per share.

Upon separation, the Class A shares and the warrants will be trading on the New York-based big board under symbols “BYN” and “BYN.WS”, respectively.

The underwriters were granted a 45-day option to purchase an additional 3.15 million units at the same IPO price, potentially bringing the total proceeds to US$345.0 million. BTIG acts as the sole bookrunner for the said offering.

The offering is expected to close on January 24, 2022, subject to customary closing conditions.

The blank check firm will be headed by its chairman Jerry Hyman, the current chairman and former CEO of foodservice company TriMark USA, and its CEO Keith Jaffee, a former chairman and CEO of Focus Products. The SPAC has also listed Walmart CFO Brett Biggs as its special advisor.

The firm intends to focus its search on businesses within the foodservice industry.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Health SPAC CHW Acquisition Upsizes IPO To US$110 Million

Special purpose acquisition company CHW Acquisition Corporation (Nasdaq: CHWAU) went public on the Nasdaq Capital...

Wednesday, September 1, 2021, 11:19:00 AM

SPAC Alberton Acquisition Faces Nasdaq Suspension After Last Proposed Merger Failed

Special purpose acquisition company Alberton Acquisition Corp. (Nasdaq: ALAC) announced that its proposed merger with...

Monday, April 25, 2022, 02:24:00 PM

Singapore-Based A SPAC I Acquisition Prices US$60 Million IPO

Special purpose acquisition company A SPAC I Acquisition Corp. started trading on the Nasdaq Capital...

Tuesday, February 15, 2022, 02:19:00 PM

Language Platform Duolingo Files For IPO On Nasdaq

Language learning platform Duolingo Inc. announced Monday that it has filed a registration statement relating...

Tuesday, June 29, 2021, 10:53:00 AM

Cannabis-Focused Finance Company Altmore Capital Files For Nasdaq IPO

Specialty finance company Altmore BDC, Inc., also known as Altmore Capital, is looking to go...

Wednesday, February 9, 2022, 02:27:00 PM