v3.24.2
Reverse Recapitalization (Tables)
12 Months Ended
Apr. 28, 2024
Reverse Recapitalization [Abstract]  
Schedule Of Reverse Recapitalization
The number of shares of New Pinstripes Common Stock issued immediately following the consummation of the Reverse Capitalization was as follows:
Shares
Legacy Pinstripes stockholders(1)
33,449,433 
Banyan stockholders(2)
3,697,203 
Series I Investors2,721,400 
Other50,000 
Total shares of New Pinstripes Common Stock outstanding immediately following the Reverse Recapitalization39,918,036 
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(1)Excludes the 5,000,000 Target Earnout Shares and the 4,000,000 EBITDA Earnout shares subject to forfeiture if the achievement of certain targets is not met.
(2)Includes the 1,018,750 shares of Class A Common Stock to certain investors in Banyan who agreed not to redeem their respective shares of Banyan Class A Common Stock in connection with Banyan’s extension meeting held on April 21, 2023 and excludes the 1,830,000 Sponsor Earnout Shares subject to forfeiture if the achievement of certain targets is not met.