secwatch.observer — SEC 8-K summary
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Issuer:     Revelstone Capital Acquisition Corp. (—)
CIK:        0001874218
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001104659-23-071650
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874218/000110465923071650/0001104659-23-071650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874218/000110465923071650/tm2318808d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-071650

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