Relativity Acquisition Corp. Announces Pricing of $125 Million Initial Public Offering
11 Febbraio 2022 - 12:57AM
Relativity Acquisition Corp. (the “Company”), a newly organized
blank check company formed as a Delaware corporation, today
announced the pricing of its initial public offering of 12,500,000
units at a price of $10.00 per unit, with each unit consisting of
one share of common stock and one redeemable warrant. Each warrant
will entitle the holder thereof to purchase one share of common
stock at $11.50 per share. The units are expected to trade on The
Nasdaq Global Market (“NASDAQ”) under the ticker symbol “RACYU”
beginning February 11, 2022. Relativity Acquisition Corp. expects
the initial public offering to close on February 15, 2022, subject
to customary closing conditions. Once the securities comprising the
units begin separate trading, the common stock and the warrants are
expected to be traded on NASDAQ under the symbols “RACY” and
“RACYW,” respectively.
Relativity Acquisition Corp. is a blank check
company sponsored by Relativity Acquisition Sponsor LLC, a Delaware
limited liability company, formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. The Company intends to focus on businesses in the
legalized cannabis industry, including related industries such as
consumer packaged goods, health & wellness, technology,
pharmaceuticals, manufacturing, distribution, logistics and brand
management. The management team and board of directors are composed
of veteran cannabis and finance industry executives, led by
Founder, Chairman and CEO Tarek Tabsh, known for his role as
Co-Founder of pharmaceutical company Oxford Cannabinoid
Technologies and 15 years of cannabis investing and industry
experience.
A.G.P./Alliance Global Partners is acting as the
sole book-running manager for the offering.
Brookline Capital Markets, a division of Arcadia
Securities, LLC is acting as the co-manager for the offering.
Relativity Acquisition Corp. has granted the
underwriters a 45-day option to purchase up to 1,875,000 units at
the initial public offering price to cover over-allotments, if
any.
A registration statement relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on February 10, 2022. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. No
securities regulatory authority has either approved or disapproved
of the contents of this press release.
The offering is being made only by means of a
prospectus, copies of which may be obtained from A.G.P./Alliance
Global Partners, 590 Madison Avenue, 28th Floor, New York, NY
10022, or by telephone at (212) 624-2060, or by email at
prospectus@allianceg.com or by visiting EDGAR on the SEC’s website
at www.sec.gov.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the IPO and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
preliminary prospectus for the IPO filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Contacts:For investors:
Relativity Acquisition Corp.
Tarek Tabsh, CEO (888)710-4420
info@relativityacquisitions.com
Grafico Azioni Relativity Acquisition (NASDAQ:RACYU)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Relativity Acquisition (NASDAQ:RACYU)
Storico
Da Gen 2024 a Gen 2025