Pinstripes Holdings, Inc. (“Pinstripes” or the “Company”) (OTC: PNST), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today announced that it has entered into a binding letter of intent (the “LOI”) with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), an affiliate of the holders of the majority of its outstanding debt. Under the terms of the LOI, Oaktree is providing additional funding on similar loan terms to their prior commitments, and upon closing of the recapitalization transactions contemplated by the LOI will become the majority equity holder of the Company and will elect the Company’s Board of Directors (the “Board”), with current stockholders retaining an equity interest and additionally being issued warrants providing for potential upside participation. The Company’s entry into the LOI follows extensive negotiations with Oaktree as the Company sought to maximize value for all of its stakeholders. Once completed, the recapitalization will reduce Pinstripes’ cash interest obligations, provide additional liquidity for operations and financial flexibility, and better position the Company for long-term success and new store development. Notably, the issuance of warrants to existing stockholders as contemplated by the LOI may enable such stockholders to potentially benefit from growth in the Company’s value should the business successfully implement its plan. The LOI has been approved by the Company’s Board upon the recommendation of a special committee of the Board consisting solely of independent, disinterested directors (the “Special Committee”).
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Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSEPNST), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today reported its financial results for the fiscal quarter ended January 5, 2025.
Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSEPNST) today announced that it will host a conference call to discuss fiscal third quarter 2025 financial results on Wednesday, February 19, 2025 at 5:00 PM Eastern Time. A press release with fiscal third quarter 2025 financial results will be issued that same day after the market close. Hosting the call will be Dale Schwartz, President and Chief Executive Officer, and Tony Querciagrossa, Chief Financial Officer.
Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSEPNST), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today reported its financial results for the fiscal quarter ended October 13, 2024.
Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSEPNST) today announced that it will host a conference call to discuss fiscal second quarter 2025 financial results on Tuesday, November 26, 2024 at 5:00 PM Eastern Time. A press release with fiscal second quarter 2025 financial results will be issued that same day after the market close. Hosting the call will be Dale Schwartz, President and Chief Executive Officer, and Tony Querciagrossa, Chief Financial Officer.
Pinstripes Holdings Inc. (“Pinstripes” or “the Company”) (NYSEPNST), the acclaimed experiential dining and entertainment destination, opens at Broadway Plaza in Walnut Creek on Friday, November 15. The brand’s second San Francisco-area location, near its signature San Mateo Hillsdale Mall venue, (and 18th location nationwide) features a full-service bistro serving chef-driven Italian-American cuisine and handcrafted cocktails, eight bowling lanes, two indoor bocce courts and private event spaces for groups of up to 1,500.
Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSEPNST), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today reported its financial results for the fiscal quarter ended July 21, 2024.
Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSEPNST) today announced that it will host a conference call to discuss fiscal first quarter 2025 financial results on Wednesday, September 4, 2024 at 5:00 PM Eastern Time. A press release with fiscal first quarter 2025 financial results will be issued that same day after the market close. Hosting the call will be Dale Schwartz, President and Chief Executive Officer, and Tony Querciagrossa, Chief Financial Officer.
