Revelstone Capital Acquisition Corp. Announces Closing of $150 Million Initial Public Offering

Dec 21, 2021

Revelstone Capital Acquisition Corp. (the “Company” or “Revelstone”) announced today the closing of its initial public offering of 15,000,000 units at $10.00 per unit. The gross proceeds from the offering were $150 million before deducting underwriting discounts and estimated offering expenses. Each unit consists of one share of Class A common stock, par value $0.0001 per share, of the Company (“common stock”) and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of common stock at a price of $11.50 per share. Only whole warrants are exercisable.

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