Relativity Acquisition Corp. extends deadline to Aug 15, 2023; ~$146M redeemed from trust

Relativity Acquisition Corp

Shareholders approved extension of business combination deadline from Feb 15 to Aug 15, 2023, plus up to two additional 3-month extensions (requires $1,000 deposit each).
14,221,705 shares redeemed at ~$10.29 per share, removing ~$146 million from trust; only ~$1.6 million remains.
After redemptions, only 153,295 public shares remain outstanding – an 84% reduction from pre-meeting count.
Company will deposit $10,000 from working capital into trust seven calendar days before Feb 15, 2023 to fund the first extension.
Vote: 16,551,028 for, 755,439 against, 0 abstain on the charter amendment.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Relativity Acquisition Corp: Extended the deadline to consummate an initial business combination from February 15, 2023 to August 15, 2023, with options for up to two additional three-month extensions (effective 2022-12-22).

Change: charter amendment
Effective: 2022-12-22

Exact text from the filing

On December 21, 2022, Relativity Acquisition Corp. (the “ Company ”) held a special meeting of stockholders (the “ Meeting ”). At the Meeting, the Company’s stockholders approved an amendment to the Company’s second amended and restated certificate of incorporation (the “Charter Amendment ”) to extend the date by which the Company must consummate its initial business combination from February 15, 2023 to August 15, 2023 or such earlier date as determined by the Company’s board of directors (the “ Board ”), and to provide for up to two additional three-month extensions beyond August 15, 2023 for the period of time for the Company to consummate an initial business combination.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Relativity Acquisition Corp shareholders approved Approval of Charter Amendment to extend business combination deadline at the 2023-02-15 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-02-15

Exact text from the filing

The Company’s stockholders approved the Charter Amendment (i) extending the date by which the Company has to consummate an initial business combination from February 15, 2023 to August 15, 2023, or such earlier date as determined by the Board; and (ii) providing for up to two additional three-month extensions for the period of time to consummate an initial business combination beyond August 15, 2023, provided that, for each such three-month extension, an aggregate amount of $1,000 from the Company’s working capital shall be deposited into the trust account in which the proceeds of the IPO were placed following the closing of the IPO (the “ Trust Account ”), without stockholder approval. The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain 16,551,028 755,439 0

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Relativity Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001213900-22-083260

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