IRVINE, Calif .– (BUSINESS WIRE) – December 21, 2021–

Revelstone Capital Acquisition Corp. (the “Company” or “Revelstone”) today announced the closing of its initial public offering of 15,000,000 Units at $ 10.00 per Unit. The gross proceeds of the offering were $ 150 million before the deduction of any subscription discounts and estimated offering fees. Each unit consists of one Class A common share, with a par value of $ 0.0001 per share, of the Company (“Common Share”) and a redeemable half warrant, each warrant integer authorizing its holder to purchase one common share at a price of $ 11.50 per share. Only whole warrants can be exercised.

The Units were listed on the Nasdaq Global Market (“Nasdaq”) and began trading on December 17, 2021, under the ticker symbol “RCACU”. Once the securities comprising the Units begin to trade separately, the common shares and the redeemable warrants are expected to be listed on Nasdaq under the symbols “RCAC” and “RCACW”, respectively.

BofA Securities and Roth Capital Partners acted as co-book managers in the offer. The underwriters have been granted a 45-day option to purchase up to 2,250,000 additional units offered by the Company to cover over-allotments, if any, at the initial public offering price.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on December 16, 2021. The offer was made only by means of a prospectus, copies of which may be obtained in contacting BofA Securities at NC1. -004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus—requests@bofa.com, or Roth Capital Partners, LLC at 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, Attn: Prospectus Department, or by phone at 800-678-9147. Copies of the registration statement can be viewed on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Revelstone Capital Acquisition Corp.

Revelstone Capital Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, a reorganization or a similar business combination with one or more businesses. The Company intends to pursue potential targets in the consumer, media and / or technology markets with a focus on the active consumer landscape.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, in particular with regard to the initial public offering and the search for an initial business combination. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from forward-looking statements. No guarantee can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and of the final offering prospectus filed with the Company. DRY. The Company expressly disclaims any obligation or commitment to publicly publish any update or revision of any forward-looking statement contained herein to reflect any change in the Company’s expectations in this regard or any change in events, conditions or circumstances on on which a statement is based, unless required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211221005733/en/

CONTACT: Morgan Callagy

Co-Managing Director

Revelstone Capital Acquisition Corp.

14350 Myford Road

Irvine, California 92606

morgan@revelstonecap.com

(949) 428-2888

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL SERVICES

SOURCE: Revelstone Capital Acquisition Corp.

Copyright Business Wire 2021.

PUB: 12/21/2021 4:00 p.m. / DISC: 12/21/2021 4:01 p.m.

http://www.businesswire.com/news/home/20211221005733/en

Copyright Business Wire 2021.


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