Set Jet And Revelstone Capital Acquisition Receive Effectiveness Of S-4 Registration Statement For Previously Announced Proposed Business Combination
Portfolio Pulse from Benzinga Newsdesk
Set Jet and Revelstone Capital Acquisition Corp. have received effectiveness for their S-4 registration statement, a key step towards completing their previously announced proposed business combination.
December 14, 2023 | 10:18 pm
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Revelstone Capital Acquisition Corp. (RCAC) has moved closer to finalizing its business combination with Set Jet following the effectiveness of their S-4 registration statement.
The effectiveness of the S-4 registration statement is a significant regulatory milestone that typically precedes the completion of a merger or acquisition. This news indicates progress in the proposed business combination between RCAC and Set Jet, which can be seen as a positive development for RCAC shareholders. It may lead to increased investor confidence and potential short-term price appreciation as the merger moves towards completion.
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