Revelstone Capital Acquisition Corp.
RCACW
NASDAQ Global Select0.03
USD
+0.02
- -
CIK
0001874218
ISIN
US76137R1142
CUSIP
76137R114
Return %
Stock
S&P500
1Y
-65.77
18.21
3Y
-89.16
64.38
5Y
-89.16
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Morgan Callagy
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 14350 Myford Road Irvine CA United States of America 92606
- IPO Date
- Feb 7, 2022
- CIK
- 0001874218
- Website
- revelstonecapital.com
- Similar Companies
- Business
- Revelstone Capital Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in Irvine, California. The company primarily focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with target businesses operating in the consumer, media, and technology sectors, particularly those leveraging direct-to-consumer (D2C) engagement as their primary go-to-market channel. Revelstone intends to partner with established consumer brands, offering an operator-focused approach complemented by a unique operating platform and operational insights aimed at scaling businesses more capital efficiently. Revelstone Capital Acquisition Corp's core business involves facilitating and executing business combinations with high-growth consumer brands through strategic acquisitions and partnerships. The company's asset-light model means it does not operate or own significant assets directly but provides operational resources including manufacturing and supply chain management, digital commerce support, ERP and IT systems, financial reporting, merchandising and design, logistics and distribution, human resources, and strategic planning to its portfolio companies. These services target sectors such as sports and fitness, data and content, appearance and beauty, health, diet and nutrition, mindfulness, and sleep. A significant recent development includes Revelstone's proposed but currently delayed business combination with Set Jet, Inc., a Part 135 on-demand charter operator. The special meeting to approve this combination was canceled as of early 2024, with the company working to satisfy closing conditions and secure Nasdaq approval for the post-combination entity. Upon closing, Revelstone plans to change its name to Set Jet, Inc., reflecting a strategic shift toward expanding into the consumer travel and on-demand charter service market. This move signals a diversification from purely investment and SPAC activities into operational involvement in the private aviation sector, focusing on providing aircraft charter services through partner operators, staffed cabin hostesses, and ground support operations. Revelstone Capital Acquisition Corp was founded by Morgan Callagy and Daniel Neukomm and remains an actively seeking acquisition targets in its stated sectors. The company raised approximately $150 million in its IPO, with an over-allotment exercised to increase total gross proceeds to $165.5 million. It operates nationwide from its headquarters, with an operational focus toward leveraging capital and operational expertise to accelerate growth within its portfolio companies or merged entities. In summary, Revelstone Capital Acquisition Corp operates as a blank check company focused on strategic mergers and acquisitions within consumer, media, and technology sectors, providing operational resources to facilitate growth. Its latest major corporate activity involves a pending business combination with Set Jet, indicating a strategic entry into the on-demand charter travel service industry, accompanied by a forthcoming corporate rebranding to Set Jet, Inc. This highlights the company's evolving focus from investment facilitation to broader consumer service operations.