Revelstone Capital Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing February 7, 2022
05 February 2022 - 5:27AM
Business Wire
Revelstone Capital Acquisition Corp. (the “Company” or
“Revelstone”) announced today that, commencing February 7,
2022, holders of the units sold in the Company’s initial public
offering completed on December 16, 2021, may elect to separately
trade the shares of Class A common stock and warrants included in
such units on The Nasdaq Global Market (“Nasdaq”). The units began
trading on December 17, 2021, under the ticker symbol “RCACU.”
No fractional warrants will be issued upon separation of the
units and only whole warrants will trade. The Class A common stock
and warrants that are separated will trade on Nasdaq under the
symbols “RCAC” and “RCACW,” respectively. Those units not separated
will continue to trade on Nasdaq under the symbol “RCACU.” Holders
of units will need to have their brokers contact Continental Stock
Transfer & Trust Company, the Company’s transfer agent, in
order to separate the units into shares of Class A common stock and
warrants. Once the securities comprising the units begin separate
trading, the shares of Class A common stock and warrants are
expected to be listed on Nasdaq under the symbols “RCAC” and
“RCACW” respectively.
BofA Securities and Roth Capital Partners acted as joint-book
running managers in the offering. A registration statement relating
to these securities was declared effective by the Securities and
Exchange Commission (“SEC”) on December 16, 2021. The offering was
made only by means of a prospectus, copies of which may be obtained
by 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 telephone at
800-678-9147. Copies of the registration statement can be accessed
through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful 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, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. It is the
Company’s intention to pursue prospective 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,” including with respect to the initial
public offering and 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 the
forward-looking statements. No assurance 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 forth in the
Risk Factors section of the Company’s registration statement and
final prospectus for the offering filed with the SEC. The Company
expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220204005420/en/
Morgan Callagy Co-Chief Executive Officer Revelstone Capital
Acquisition Corp. 14350 Myford Road Irvine, CA 92606
morgan@revelstonecap.com (949) 428-2888
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