RCAC SEC filings, in plain English
Everything Revelstone Capital Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
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- What changed vs 2023-12-08deadline 2024-02-21 → 2024-05-21
combination deadline1 moved
- Combination deadline
- 2024-02-212024-05-21
SpacBrain reads this as 90 days later than the previous record.
The clause “Shares (as defined below) if the Corporation is unable to complete its initial Business Combination by May 21, 2024 (, the “ Last Date ”); or (iii) the redemption of shares in connection with a stockholder vote to amend any provisions of”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Revelstone Capital Acquisition Corp. ('Revelstone', Delaware) filed Amendment No. 5 to its Form S-4; the preliminary proxy statement and prospectus inside is subject to completion dated December 8, 2023. No explanatory note names the change. The parties — Revelstone, Revelstone Capital Merger Sub, Inc. (Delaware), Set Jet, Inc. (a Nevada corporation) and Thomas P. Smith as Securityholder Representative — have entered an AMENDED AND RESTATED Merger Agreement under which Merger Sub merges into Set Jet, with Set Jet surviving as a wholly owned direct Revelstone subsidiary. Why it matters: Only $80 million of the headline $145 million is payable at closing, and even that is adjusted against Set Jet's net debt measured at closing with a stated $14,970,000 pivot — above that figure the share count falls, below it the share count rises. Of the $65 million earnout, $20 million is directed not to Set Jet's selling shareholders but to executive officers and directors of the COMBINED company under a retention bonus, so roughly 31% of the earnout is compensation to insiders rather than deal consideration to sellers.
- What changed vs 2023-05-30deadline 2023-12-21 → 2024-02-21
combination deadline1 moved
- Combination deadline
- 2023-12-212024-02-21
SpacBrain reads this as 62 days later than the previous record.
The clause “Shares (as defined below) if the Corporation is unable to complete its initial Business Combination by February 21, 2024 (, the “ Last Date ”); or (iii) the redemption of shares in connection with a stockholder vote to amend any”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Amendment No. 4 to Revelstone Capital Acquisition Corp.'s Form S-4, with a preliminary proxy statement and prospectus subject to completion dated December 7, 2023 and no explanatory note naming the change. Revelstone, Revelstone Capital Merger Sub, Inc., Set Jet, Inc. and Thomas P. Smith as Securityholder Representative are parties to an Amended and Restated Merger Agreement under which Merger Sub merges into Set Jet, which survives as a wholly owned direct Revelstone subsidiary. All outstanding Set Jet common stock is cancelled and converts into Revelstone Class A common stock. Why it matters: The structure — a cancellation-and-conversion of the target's common stock into Revelstone Class A shares, with part of the value deferred into an earnout — is established here, and this version states the amounts: consideration of up to $145 million, subject to adjustment, made up of $80 million at closing (adjusted for Set Jet's debt for borrowed money net of cash) and up to $65 million of earnout, split between up to $45 million to Set Jet shareholders under the Earnout Escrow Agreement and up to $20 million to certain officers and directors under the Retention Bonus Agreement.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.