Relativity Acquisition Corp.
RACYW
NASDAQ Global Market0.05
USD
- -
- -
CIK
0001860484
ISIN
US75944B1145
CUSIP
75944B114
Return %
Stock
S&P500
1Y
-32.62
26.53
3Y
-70.56
76.60
5Y
-70.56
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Tarek Khalil Tabsh
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3753 Howard Hughes Parkway Las Vegas NV United States of America 89169
- CIK
- 0001860484
- Similar Companies
- Business
- Relativity Acquisition Corp. (RACYW) operates as a blank check company, or special purpose acquisition company (SPAC), sponsored by Relativity Acquisition Sponsor LLC and formed in 2021 as a Delaware corporation headquartered at 3753 Howard Hughes Parkway, Suite 200, Las Vegas, Nevada 89169. The company pursues mergers, share exchanges, asset acquisitions, share purchases, reorganizations or similar business combinations with one or more businesses, with a primary focus on the legalized cannabis industry and compliant targets in related sectors including consumer packaged goods; health and wellness; technology; pharmaceuticals; manufacturing and distribution; logistics; and brand management. It targets businesses compliant with applicable laws and regulations in their jurisdictions, avoiding any that violate U.S. federal laws such as the Controlled Substances Act or equivalent foreign regulations. Recent developments include the mutual termination on May 15, 2024, of its definitive business combination agreement with SVES, an off-price apparel distribution company, originally announced in February 2023 with a pro forma enterprise value of approximately $707.25 million; a July 2024 letter of intent for a proposed $500 million business combination with Mazaii Corp Ltd., an iGaming company, which remains subject to due diligence, definitive agreement and approvals with no further updates disclosed; and multiple extensions of its business combination deadline, most recently to February 15, 2026, approved by stockholders on February 13, 2025, accompanied by redemption of 753 Class A common shares. In April 2024, the company received a Nasdaq delisting determination due to $81,000 in unpaid fees, resulting in a trading halt since January 2023 and ongoing non-compliance issues. These actions reflect ongoing efforts to secure a viable target amid regulatory and market challenges in the SPAC landscape.