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For more information please contact:
Investment Banking
Byron Roth
Chairman & CEO
(949) 720-5721
broth@roth.com
Paul Zaffaroni
Managing Director &
Co-Head of Consumer
Investment Banking
(949) 720-7174
pzaffaroni@roth.com
Jacob Frank
Director
(949) 720-7135
jfrank@roth.com
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com
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Transaction Information
Revelstone Capital Acquisition Corp. announced the closing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units began trading on the Nasdaq Global Market under the ticker symbol “RCACU” on December 17, 2021.
Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one share of common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on the Nasdaq under the symbols “RCAC,” and “RCACW,” respectively.
The underwriters have been granted a 45-day option to purchase up to an additional 2,250,000 units from the Company to cover over-allotments, if any, at the initial public offering price.
Roth Capital Partners acted as joint book-running manager for the offering.
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 a 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. For more information, please visit www.Revelstonecapital.com. (Source: Company Press Release | 12.16.21)
About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth, please visit www.roth.com.
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Date of Announcement: 1.5.22
The material, information and facts discussed in this announcement other than the information regarding Roth Capital Partners, LLC ("Roth") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of Roth. Copyright 2022.
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