Welcome to our dedicated page for RELATIVITY ACQUISITION news (Ticker: RACYU), a resource for investors and traders seeking the latest updates and insights on RELATIVITY ACQUISITION stock.
Relativity Acquisition Corp (RACYU) provides investors with centralized access to official news and strategic developments from this blank check company focused on cannabis-adjacent industries. This resource aggregates press releases, regulatory filings, and market analyses related to the company's pursuit of business combinations in consumer goods, health technology, and pharmaceutical logistics.
Visitors gain streamlined tracking of merger targets, acquisition progress, and sector-specific regulatory changes. Content types include SPAC merger announcements, investment strategy updates, and market positioning statements, all curated to support informed analysis of this unique investment vehicle.
Bookmark this page for direct access to primary source materials and objective reporting on RACYU's activities within evolving cannabis markets and related high-growth sectors. Check regularly to monitor new developments in this SPAC's quest to identify transformative business partnerships.
Relativity Acquisition Corp. (Nasdaq: RACY) announced the receipt of a Nasdaq delisting determination due to non-compliance with fee payment requirements. The company's securities face delisting from The Nasdaq Stock Market due to an unpaid past due balance of assessed fees amounting to $81,000.
SVES has entered into a business combination agreement with Relativity Acquisition Corp. (NASDAQ: RACY). The merger, which is expected to close in Q3 2023, will create a new company named SVES, Inc., with an implied pro forma enterprise value of approximately $707.25 million. SVES, an off-price apparel distribution leader, connects full-price brands with off-price retailers, optimizing inventory sales. The merger will enhance capital access, supporting growth in the high-demand retail sector. The current management team will remain in place, aiming to capitalize on the business model's synergies for future expansion.
Relativity Acquisition Corp. (Nasdaq: RACY) announced that it received a determination letter from Nasdaq indicating non-compliance with multiple Listing Rules due to insufficient market capitalization and publicly held shares. The letter also raises concerns about the company's compliance with total holder requirements amid significant shareholder redemptions, totaling over 14 million shares in December 2022. The company has requested a hearing to appeal the delisting decision, which will temporarily suspend any immediate actions until a panel decision is made. The outcome remains uncertain, potentially affecting share trading and compliance status.
Relativity Acquisition Corp. (Nasdaq: RACYU) announced that starting April 4, 2022, investors can separately trade shares of its Class A common stock and warrants from the initial 14,375,000 units sold during its February IPO. The stocks will be traded under the symbols 'RACY' and 'RACYW' on the Nasdaq Capital Market, while unseparated units will continue to trade as 'RACYU.' This move allows for increased flexibility and potential liquidity for investors.
Relativity Acquisition Corp. successfully closed its IPO on February 15, 2022, offering 14,375,000 units at $10 each. Each unit includes one share of common stock and one warrant to purchase an additional share at $11.50. The units trade on NASDAQ under the symbol 'RACYU.' The funds from this IPO will be used for future mergers or acquisitions, primarily targeting businesses in the legalized cannabis sector. The offering was managed by A.G.P./Alliance Global Partners, with additional support from Brookline Capital Markets.
Relativity Acquisition Corp. announced its initial public offering (IPO) pricing on February 10, 2022, offering 12.5 million units at $10.00 each. Each unit comprises one share of common stock and one redeemable warrant, permitting purchases at $11.50 per share. Trading will commence on NASDAQ under the ticker symbol 'RACYU' on February 11, 2022, with closing expected on February 15, 2022. The company aims to focus on mergers and acquisitions within the legalized cannabis sector, backed by a team with extensive industry experience.
