Banyan Acquisition Corporation (BYN.U) Prices Upsized $210M IPO


Banyan Acquisition Corporation (BYN.U) Prices Upsized $210M IPO

Jan 20, 2022 IPOs by Marlena Haddad

Banyan Acquisition Corporation announced the pricing of its upsized $210 million IPO and its units are expected to begin trading on the NYSE under the symbol “BYN.U” Thursday, January 20.

The new SPAC intends to focus its search on iconic brands or established platforms in the foodservice industry that are leaders in their respective categories. Banyan is led by Chairman Jerry Hyman, CEO Keith Jaffee, and CFO George Courtot.

Total SPAC deal count for 2022 year-to-date is now 17. This offering is expected to close on Monday, January 24.

BTIG, LLC is acting as the sole bookrunner for the offering. I-Bankers Securities, Inc. is acting as co-manager for the offering. Katten Muchin Rosenman LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.