---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-071650"
form_type: "8-K"
ticker: null
cik: "0001874218"
company_name: "Revelstone Capital Acquisition Corp."
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:38:04.782937+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Revelstone Capital SPAC extends deadline to Dec 21, 2023; 73% of shares redeemed

## Summary
- Stockholders approved charter amendment allowing up to six one-month extensions until Dec 21, 2023; $90k deposit per extension.
- Net tangible asset requirement of $5,000,001 removed before business combination.
- 12,980,181 Class A shares (73%) tendered for redemption, removing ~$134M from trust at ~$10.35/share.
- Post-redemption: 3,519,819 Class A shares outstanding and ~$36.4M remaining in trust account.
- Trust agreement amended with Continental Stock Transfer to enable extension mechanism.

## SEC filing metadata
- accession: 0001104659-23-071650
- form_type: 8-K
- cik: 0001874218
- company_name: Revelstone Capital Acquisition Corp.
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874218/000110465923071650/0001104659-23-071650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874218/000110465923071650/tm2318808d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-071650
- JSON: https://secwatch.observer/filing/0001104659-23-071650.json
- Plain text: https://secwatch.observer/filing/0001104659-23-071650.txt

## Key facts
- Governance Changes
  Revelstone Capital Acquisition Corp.: Amended charter to extend business combination deadline to December 21, 2023 on a month-to-month basis and removed net tangible asset requirement of $5,000,001 (effective 2023-06-15).
  - Change: charter amendment
  - Effective: 2023-06-15
  source text: As approved by its stockholders at the Special Meeting held on June 14, 2023, the Company filed an amendment to its second amended and restated certificate of incorporation (the “ Charter ”) with the Delaware Secretary of State on June 15, 2023 (the “ Charter Amendment ”), (a) giving the Company the right to extend the date by which it has to complete a business combination to December 21, 2023, and (b) to change Section 9.2 (a) of the Charter to remove the net tangible asset requirement so that the Company need not have net tangible assets of at least $5,000,001 to consummate a business combination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874218/000110465923071650/0001104659-23-071650-index.htm
- Shareholder Votes
  Revelstone Capital Acquisition Corp. shareholders approved Amend the trust agreement to allow month-to-month extensions until December 21, 2023 with $90,000 payments at the 2023-06-14 meeting.
  - Outcome: passed
  - Meeting: 2023-06-14
  source text: Stockholders approved the proposal to amend the Company’s investment management trust agreement, dated as of December 10, 2021 by and between the Company and Continental Stock Transfer & Trust Company to allow the Company to extend the time to complete a business combination until December 21, 2023, on a month-to-month basis with payments to the Company’s trust account of $90,000 for each one-month extension
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874218/000110465923071650/0001104659-23-071650-index.htm
- Shareholder Votes
  Revelstone Capital Acquisition Corp. shareholders approved Amend the Charter to extend the business combination deadline to December 21, 2023 and remove the net tangible asset requirement at the 2023-06-14 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-06-14
  source text: Stockholders approved the proposal to amend the Company’s Charter: (a) giving the Company the right to extend the date by which it has to complete a business combination to December 21, 2023, on a month-to-month basis, and (b) to change Section 9.2 (a) of the Charter to remove the net tangible asset requirement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874218/000110465923071650/0001104659-23-071650-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.