Banyan Acquisition Corporation Announces the Separate Trading of its Class A Common Stock and Warrants
March 10 2022 - 8:00AM
Business Wire
Banyan Acquisition Corporation (NYSE: BYN.U) (the
“Company”) announced today that, commencing March 11, 2022, holders
of the 24,150,000 units sold in the Company’s initial public
offering may elect to separately trade the Company’s Class A common
stock and warrants included in the units. Shares of Class A common
stock and warrants that are separated will trade on the New York
Stock Exchange (“NYSE”) under the symbols “BYN” and “BYN.WS,”
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. Those units not
separated will continue to trade under NYSE symbol “BYN.U.” Holders
of units will need to have their brokers contact Continental Stock
Transfer & Trust Company, the Company’s transfer agent, in
order to separate the units into shares of Class A common stock and
warrants.
Banyan Acquisition Corporation, led by CEO, Keith Jaffee, and
Chairman, Jerry Hyman, is a special purpose acquisition company
formed with the purpose of entering into a business combination
with one or more businesses. While the Company may pursue an
initial business combination with a company in any sector or
geography, it intends to focus its search on businesses within the
foodservice industry. The Company has not selected any specific
business combination target.
BTIG, LLC acted as the sole bookrunner for the offering.
I-Bankers Securities, Inc. acted as co-manager for the offering.
The offering was made only by means of a prospectus. Copies of the
prospectus may be obtained by contacting BTIG, LLC, 65 East 55th
Street, New York, NY 10022, or by email at
ProspectusDelivery@btig.com.
A registration statement relating to the securities was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on January 19, 2022. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s search for an initial business combination.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the “Risk Factors” section of the Company’s registration
statement for the Company’s initial public offering filed with the
SEC. Copies are available on the SEC’s website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220310005392/en/
Banyan Acquisition Corporation Keith Jaffee
Keith@banyanacquisition.com
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