XML 47 R37.htm IDEA: XBRL DOCUMENT v3.24.0.1
Reverse Recapitalization (Details) - USD ($)
3 Months Ended 8 Months Ended
Dec. 29, 2023
Dec. 28, 2023
Jan. 07, 2024
Jan. 07, 2024
Jan. 01, 2023
Apr. 30, 2023
Schedule of Reverse Recapitalization [Line Items]            
Preferred stock, shares outstanding (in shares)   11,089,695 0 0    
Warrants outstanding (in shares)   354,436 28,797,500 28,797,500   483,649
Sale of private placement warrants (in shares)   354,436        
Shares issued upon conversion (in shares)       5,000    
Preferred stock, shares issued (in shares)   11,089,695 0 0    
Common stock, shares issued (in shares)   17,422,009 39,931,785 39,931,785   11,422,476
Common stock, shares outstanding (in shares) 39,918,036 17,422,009 39,931,785 39,931,785   11,422,476
Exercise price of warrant (in dollars per share)     $ 9.58 $ 9.58   $ 1.31
Common stock, par value (in dollars per share)     $ 0.0001 $ 0.0001   $ 0.0001
Transaction costs     $ 20,191,000 $ 24,317,000    
Prepaid transaction costs     $ 450,000 450,000    
Payments for transaction costs       $ 23,438,000    
Adjustments to APIC, reverse recapitalization         $ 61,000  
Oaktree Warrants            
Schedule of Reverse Recapitalization [Line Items]            
Sale of private placement warrants (in shares) 2,500,000          
Exercise price of warrant (in dollars per share) $ 0.01          
Senior notes            
Schedule of Reverse Recapitalization [Line Items]            
Face amount $ 90,000,000          
Tranche 1 Loan | Senior notes            
Schedule of Reverse Recapitalization [Line Items]            
Shares issued upon conversion (in shares) 2,500,000          
Face amount $ 50,000,000          
Exercise price of warrant (in dollars per share) $ 0.01          
Banyan Acquisition Corporation            
Schedule of Reverse Recapitalization [Line Items]            
Sale of private placement warrants (in shares) 23,985,000          
Series I Investors            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares outstanding (in shares) 2,721,400          
Banyan Stockholders            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares outstanding (in shares) 3,697,203          
Legacy Pinstripes Stockholders            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares outstanding (in shares) 33,449,433          
Options vested and expected to vest (in shares)   2,722,593        
Options exercisable (in shares)   5,032,434        
Third Party            
Schedule of Reverse Recapitalization [Line Items]            
Transaction costs   $ 500,000        
Legacy Pinstripes Common Stock            
Schedule of Reverse Recapitalization [Line Items]            
Shares issued (in shares)   11,089,695        
Shares issued upon conversion (in shares)   500,000        
Series I Convertible Preferred Stock And Convertible Preferred Stock, Settled For Unpaid Dividends | Series I Investors            
Schedule of Reverse Recapitalization [Line Items]            
Shares issued (in shares)   885,750        
Series I Convertible Preferred Stock            
Schedule of Reverse Recapitalization [Line Items]            
Preferred stock, shares outstanding (in shares)   850,648        
Convertible Preferred Stock, Settled For Unpaid Dividends            
Schedule of Reverse Recapitalization [Line Items]            
Preferred stock, shares outstanding (in shares)   35,102        
Class A Common Stock            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares)     39,391,785 39,391,785    
Common stock, shares outstanding (in shares)     39,391,785 39,391,785    
Common stock, par value (in dollars per share)     $ 0.0001 $ 0.0001    
Class A Common Stock | Scenario 1            
Schedule of Reverse Recapitalization [Line Items]            
Shares issued (in shares)   32,206,458        
Conversion ratio   1.8486        
Class A Common Stock | Scenario 2            
Schedule of Reverse Recapitalization [Line Items]            
Shares issued (in shares)   2,214,375        
Conversion ratio   2.5        
Class A Common Stock | Banyan Acquisition Corporation            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares) 1,485,000 3,665,000        
Common stock, shares outstanding (in shares) 1,485,000 3,665,000        
Shares forfeited (in shares)   2,768,750        
Class A Common Stock | Banyan Acquisition Corporation            
Schedule of Reverse Recapitalization [Line Items]            
Conversion ratio   2.5        
Class A Common Stock | Series I Investors            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares)   507,025        
Class A Common Stock | Banyan Redeemable Class A Common Stock Stockholders            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares)   32,203        
Class A Common Stock | Legacy Pinstripes Stockholders            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares)   1,242,975        
Class A Common Stock | Certain Investors, Banyan            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares)   1,018,750        
New Pinstripes Common Stock | Banyan Class A Common Stock Stockholders            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares)   3,665,000        
New Pinstripes Common Stock | Third Party            
Schedule of Reverse Recapitalization [Line Items]            
Issuance of common stock as payment for Legacy Pinstripes transaction costs incurred in connection with the reverse recapitalization (in shares)   50,000        
Redeemable Class A Common Stock | Banyan Acquisition Corporation            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares)   32,203        
Common stock, shares outstanding (in shares)   32,203        
Class B common stock | Banyan Acquisition Corporation            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares) 345,000          
Common stock, shares outstanding (in shares) 345,000          
Sponsor Earnout Shares | Banyan Stockholders            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares) 1,830,000          
Target Earnout Shares | Legacy Pinstripes Stockholders            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares) 5,000,000          
EBITDA Earnout Shares | Legacy Pinstripes Stockholders            
Schedule of Reverse Recapitalization [Line Items]            
Common stock, shares issued (in shares) 4,000,000