8-K
filed December 28, 2023, 6:59 PM ET
CIK 0001874218
other material
confidence high
sentiment negative
materiality 0.75
RCAC shareholders approve extension to Feb 21, 2024; ~$24M redeemed; Set Jet vote adjourned
Revelstone Capital Acquisition Corp.
- Shareholders voted to extend business combination deadline to February 21, 2024, with no additional trust payment.
- At the meeting, 2,233,788 shares were redeemed, removing approximately $24 million (≈$10.80 per share) from the trust.
- Special meeting to approve the business combination with Set Jet, Inc. was adjourned to December 29, 2023 at 12:00 p.m. EST.
- Charter and trust amendments were approved by holders of 76.94% of outstanding shares (5,881,973 FOR, 25,745 AGAINST).
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Revelstone Capital Acquisition Corp.: Amendment to second amended and restated certificate of incorporation to extend business combination deadline to February 21, 2024 (effective 2023-12-21).
- Change
- charter amendment
- Effective
- 2023-12-21
Exact text from the filing
the Company filed an amendment to its second amended and restated certificate of incorporation (the “ Charter ”) with the Delaware Secretary of State on December 21, 2023 (the “ Charter Amendment ”), giving the Company the right to extend the date by which it has to complete a business combination to February 21, 2024.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Revelstone Capital Acquisition Corp. shareholders approved Amendment to Company's Charter to extend the date by which it has to complete a business combination to February 21, 2024 at the 2023-12-21 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-21
Exact text from the filing
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 February 21, 2024.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Revelstone Capital Acquisition Corp. shareholders approved Amendment to Company's investment management trust agreement to allow extension of business combination deadline to February 21, 2024 at the 2023-12-21 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-12-21
Exact text from the filing
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 February 21, 2024 with no additional payments to the Company’s trust account.
View on SEC.gov
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