Pinstripes Holdings, Inc. — Cyborg Score 1/10

Challenged
Experiential dining and entertainment / Eatertainment

Strategic Profile

The NYSE delisted the stock in March 2025 after market capitalization fell below $15 million, and the company filed chapter 11 in September 2025. Pinstripes faced multiple pressures: consumer spending pullback on discretionary entertainment, food and labor cost inflation, same-store sales declining 7.7%, expansion locations underperforming projections, and approximately $143 million in secured debt. The public holding company sold its eatertainment assets to lender affiliate SilverStrike through a $15M credit bid before chapter 7 conversion.

Cyborg Score Rationale

Company faced existential pressures including discretionary spending weakness, operational underperformance with declining same-store sales, unsustainable debt burden, and ultimate insolvency. Stock delisted in March 2025, followed by Chapter 11 bankruptcy filing in September 2025 and conversion to Chapter 7 liquidation. Assets sold to lender affiliate.

Top Insights

  • (September 2025) Filed Chapter 11 bankruptcy and closed 10 of 18 locations simultaneously
  • (March 2025) NYSE delisted stock after market cap fell below $15 million
  • (February 2026) Remaining assets sold to lender affiliate SilverStrike via $15M credit bid and converted to Chapter 7
  • Expansion strategy failed with new locations underperforming projections; faced structural headwinds of labor/food cost inflation and consumer discretionary pullback

Named Competitors

  • Main Event Entertainment — Bowling and entertainment with dining
  • Topgolf — Golf-based experiential entertainment and dining
  • Dave & Buster's — Adult-focused entertainment and casual dining

Recent Developments

  • (March 2025) NYSE delisted Pinstripes stock after market capitalization fell below $15 million
  • (September 2025) Filed for Chapter 11 bankruptcy; closed 10 of 18 locations including all Texas and Florida venues
  • (February 2026) Sold remaining eatertainment assets to SilverStrike via $15M credit bid and converted to Chapter 7 liquidation

Open the full interactive Pinstripes Holdings, Inc. report

Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.

Open report →