IPO for SPAC Banyan Acquisition Corporation (BYN) Opens at $10

Today's IPO for SPAC Banyan Acquisition Corporation (NYSE: BYN-U) (NYSE: BYN) opened for trading at $10 after pricing 21,000,000 units at a price of $10.00 per unit.

BTIG, LLC is acting as the sole bookrunner for the offering. I-Bankers Securities, Inc. is acting as co-manager for the offering.

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.

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