Pinstripes Announces Letter Of Intent For Strategic Recapitalization With Oaktree

Reuters
2025.03.07 15:12
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March 7 (Reuters) - Pinstripes Holdings Inc (PNST.PK) :PINSTRIPES ANNOUNCES LETTER OF INTENT FOR STRATEGIC RECAPITALIZATION WITH OAKTREE, PROVIDING THE COMPANY WITH ADDITIONAL CAPITAL TO FUND OPERATIONS AND GROWTHPINSTRIPES HOLDINGS INC: CO RECEIVING $7.5 MILLION IN LOAN PROCEEDS FROM OAKTREE IN ADVANCE OF RECAPITALIZATIONPINSTRIPES HOLDINGS: UNDER LOI, OAKTREE TO BECOME MAJORITY EQUITY HOLDER OF CO & TO ELECT CO’S BOARD OF DIRECTORS Source text: Further company coverage: (PNST.PK)