Set Jet and Revelstone Capital Acquisition Corp. Receive Effectiveness of S-4 Registration Statement and Announce Date of Revelstone Special Meeting of Stockholders to Approve Proposed Business Combination
SCOTTSDALE, Ariz. and NEW YORK, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Set Jet, Inc. (“Set Jet”), a membership-based private jet charter program, and Revelstone Capital Acquisition Corp. (“RCAC”) (NASDAQ: RCAC), a publicly traded special purpose acquisition company, announced today that the Securities and Exchange Commission ("SEC") has declared effective RCAC’s registration Statement on Form S-4 ("Registration Statement") in connection with Set Jet’s and RCAC’s previously announced proposed business combination (the “Business Combination”). The Registration Statement provides important information about Set Jet, RCAC and the Business Combination.
- The Registration Statement provides important information about Set Jet, RCAC and the Business Combination.
- RCAC filed a definitive proxy statement/prospectus with the SEC relating to the Business Combination and has commenced mailing the definitive proxy statement/prospectus to its stockholders as of the Record Date.
- The Business Combination is expected to close after the Special Meeting, subject to obtaining requisite stockholder approvals and the satisfaction or waiver of the conditions in the business combination agreement and other customary closing conditions.
- The differentiation of Set Jet’s capital-light business model presents an attractive growth opportunity for investors and Set Jet’s dedicated members.