Revelstone Capital Acquisition Corp. (RCACU) Prices $150M IPO


Revelstone Capital Acquisition Corp. (RCACU) Prices $150M IPO

Dec 16, 2021 IPOs by Marlena Haddad

Revelstone Capital Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RCACU” Friday, December 17.

The new SPAC intends to pursue a target business in the consumer, media, and/or technology sectors that leverage D2C engagement as its primary go-to-market channel. Revelstone Capital is led by Co-CEOs Morgan Callagy and Daniel Neukomm.

Total SPAC deal count for 2021 year-to-date is now 605. This offering is expected to close on Tuesday, December 21.

BofA Securities and Roth Capital Partners acted as joint book-running managers in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Morrison & Foerster LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.