other material
confidence high
sentiment neutral
materiality 0.60
Relativity Acquisition Corp. closes IPO, deposits $146.6M in trust for business combination
Relativity Acquisition Corp
- IPO of 14.375M units at $10/unit, including full over-allotment, gross proceeds $143.75M.
- Private placement of 653,750 units to sponsor raises $6.54M.
- Total $146.625M held in trust account ($10.20 per public share) with Continental Stock Transfer.
- Company must complete a business combination by Feb 14, 2023 or liquidate; auditor notes going concern doubt.
- Transaction costs $3.89M; cash outside trust $1.74M available for working capital.