Nasdaq Halts Relativity Acquisition Corp.

Rhea-AI Summary

On January 13, 2023, the Nasdaq Stock Market (NDAQ) announced a change in the trading halt status of Relativity Acquisition Corp. (RACY, RACYU, RACYW) to 'additional information requested.' This status follows a trading halt initiated on January 11, 2023, at 17:14:36 ET due to 'news dissemination.' The last sale prices before the halt were $12.28 for RACY, $12.99 for RACYU, and $0.0471 for RACYW. Trading will remain suspended until Relativity Acquisition Corp. fulfills Nasdaq's request for more information.

Positive

• None.

Negative

• Trading of Relativity Acquisition Corp.'s securities was halted, indicating potential issues with compliance or operational status.
• The request for additional information could signal ongoing regulatory scrutiny which might impact investor confidence.

NEW YORK, Jan. 13, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market^® (Nasdaq: NDAQ) announced that the trading halt status in Relativity Acquisition Corp. (Nasdaq: RACY, RACYU and RACYW) was changed to “additional information requested” from the company. Trading in the company’s securities had been halted on January 11, 2023 at 17:14:36 Eastern Time for "news dissemination" at last sale prices of $12.28 (Nasdaq: RACY), $12.99 (Nasdaq: RACYU), $0.0471 (Nasdaq: RACYW).

Trading will remain halted until Relativity Acquisition Corp.has fully satisfied Nasdaq’s request for additional information.

For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotes^SM on the Nasdaq^® Web site.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.

Nasdaq Media Contact:

Sophia Weiss
sophia.weiss@nasdaq.com

NDAQO

 

FAQ

What is the current trading status of Relativity Acquisition Corp. (NDAQ)?

The trading status of Relativity Acquisition Corp. is currently halted, pending additional information requested by Nasdaq.

When was the trading halt of Relativity Acquisition Corp. initiated?

The trading halt was initiated on January 11, 2023.

What were the last sale prices for Relativity Acquisition Corp. before the trading halt?

The last sale prices were $12.28 for RACY, $12.99 for RACYU, and $0.0471 for RACYW.

What does 'additional information requested' mean for Relativity Acquisition Corp. (NDAQ)?

'Additional information requested' indicates that Nasdaq requires more details from Relativity Acquisition Corp. before allowing trading to resume.