M&A - Pinstripes Holdings, Inc.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-03-11

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025037595

Filing Summary: This Schedule 13D/A is an amendment to the original Schedule 13D filed by Oaktree Value Equity Fund and related parties concerning their holdings in Pinstripes Holdings, Inc. as of March 11, 2025. A significant update includes the execution of a binding letter of intent for a recapitalization transaction on March 7, 2025, which stipulates that post-transaction, Oaktree Lenders will hold 85% of the Issuer's Common Stock while current stockholders will retain 15%. The transaction also involves measures regarding outstanding indebtedness and modifications to the loan agreements, with specific terms including the issuance of preferred stock to Oaktree Lenders, and conditions for delisting from the New York Stock Exchange. Additional financing included Tranche 2 Loans totaling $14.5 million across two transactions, which facilitated the issuance of Warrants for shares of Common Stock. The document maintains previous filings' validity while detailing the updated arrangements and obligations.

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