Set Jet SPAC IPO partner adjourns shareholder meeting

Set Jet SPAC partner Revelstone Capital Acquisition Corp. adjourned the meeting to approve the merger until tomorrow.

By Doug Gollan, December 28, 2023

SPAC Revelstone Capital Acquisition Corp. announced that it has adjourned the meeting for shareholders to approve its proposed merger with Set Jet, Inc.

The meeting will restart tomorrow, Friday, December 29, 2023, at 12:00 p.m. EST, according to the release.

No reason was given for the adjournment.

Set Jet offers by-the-seat private jet flights.

Shareholders may withdraw redemptions with Revelstone’s consent at any time until the closing of the business combination.

Set Jet has said that following the IPO, it wants to expand to Texas and the East Coast.

It would follow public offerings from FlyExclusive earlier today and Volato, Jet.AI, and Surf Air earlier this year.

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