Revelstone Capital Acquisition announced that the underwriters in its initial public offering partially exercised their over-allotment option and purchased an additional 1.5 million units at $10 each.
With the 15 million units offered in the December IPO, the total aggregate issuance resulted in gross proceeds of $$165 million.
The new SPAC intends to pursue prospective targets in the consumer, media and/or technology markets with a focus on the active consumer landscape. Read more.
