Form 8-K - Current report
28 Febrero 2024 - 3:45PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
February 28, 2024 (February 22, 2024)
REVELSTONE CAPITAL ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
Delaware |
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001-41178 |
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87-1511157 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
14350 Myford Road
Irvine, CA 92606
(Address of principal executive offices, including
zip code)
(949) 751-7518
Registrant’s telephone number, including area
code:
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which
registered |
Units, each consisting of one share of Class A Common Stock and one-half of one Redeemable Warrant |
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RCACU |
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The Nasdaq Stock Market, LLC |
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Class A Common Stock, par value $0.0001 per share |
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RCAC |
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The Nasdaq Stock Market, LLC |
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Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock for $11.50 per share |
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RCACW |
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The Nasdaq Stock Market, LLC |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
Emerging growth company x
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01. |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On February 22, 2024, Revelstone
Capital Acquisition Corp. (“RCAC” or the “Company”) received a notice (the “Notice”)
from the Nasdaq Stock Market LLC (“Nasdaq”), indicating that it failed to maintain a minimum average market value of
publicly held shares of $40,000,000 for over 30 consecutive trading days, as required by Listing Rule 5452 (the “Rule”).
Accordingly, and pursuant to Listing Rule 5815(a)(1)(B)(ii)(c)2 trading of the Company’s listed securities will be suspended from
The Nasdaq Global Market on March 4, 2024 (the “Suspension”), and a Form 25-NSE will be filed with the Securities and
Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on
The Nasdaq Stock Market.
The Notice states that the
Company has until until February 29, 2024 to request a hearing to appeal its decision, however such request will not stay the Suspension.
SIGNATURE
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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REVELSTONE CAPITAL ACQUISITION CORP. |
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By: |
/s/ Morgan Callagy |
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Name: |
Morgan Callagy |
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Title: |
Co-Chief Executive Officer |
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Dated: February 28, 2024 |
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Entity File Number |
001-41178
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Entity Registrant Name |
REVELSTONE CAPITAL ACQUISITION CORP.
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Entity Central Index Key |
0001874218
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Entity Tax Identification Number |
87-1511157
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Entity Incorporation, State or Country Code |
DE
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Entity Address, Address Line One |
14350 Myford Road
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Entity Address, City or Town |
Irvine
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Entity Address, State or Province |
CA
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Entity Address, Postal Zip Code |
92606
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City Area Code |
949
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Local Phone Number |
751-7518
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Units, each consisting of one share of Class A Common Stock and one-half of one Redeemable Warrant |
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Title of 12(b) Security |
Units, each consisting of one share of Class A Common Stock and one-half of one Redeemable Warrant
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Trading Symbol |
RCACU
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Security Exchange Name |
NASDAQ
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Class A Common Stock, par value $0.0001 per share |
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Title of 12(b) Security |
Class A Common Stock, par value $0.0001 per share
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Trading Symbol |
RCAC
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Security Exchange Name |
NASDAQ
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Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock for $11.50 per share |
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Title of 12(b) Security |
Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock for $11.50 per share
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Trading Symbol |
RCACW
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NASDAQ
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