secwatch.observer — SEC 8-K summary
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Issuer:     Relativity Acquisition Corp (ACQC)
CIK:        0001860484
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001213900-23-003767
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RACY receives Nasdaq delisting notice after 14.2M shares redeemed; trading halted
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- Nasdaq staff cites non-compliance with MVLS ($50M min), publicly held shares (1.1M min), and market value of publicly held shares ($15M min).
- Trading in RACY securities halted on Jan 11, 2023; company unable to predict when halt will be lifted.
- Company requested a hearing before Nasdaq Hearings Panel; hearing stays delisting but outcome uncertain.
- Massive redemptions disclosed on Dec 28, 2022 8-K: 14,221,705 Class A shares redeemed at Dec 21 special meeting.
- Staff applied more stringent criteria under Nasdaq Listing Rule 5101, bypassing standard compliance periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860484/000121390023003767/0001213900-23-003767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860484/000121390023003767/ea171901-8k_relativity.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-003767

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