Banyan Acquisition Closes $241.5M IPO

Banyan Acquisition closed its upsized initial public offering of 24.15 million units at $10 each, including 3.15 million units issued to the underwriters through their over-allotment option in full.

Units list on the New York Stock Exchange under the ticker symbol BYN.U.

Banyan Acquisition intends to focus its search on businesses within the foodservice industry.

BTIG was sole bookrunner for the offering. I-Bankers acted as co-manager. Read more

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