Relativity Acquisition Corp. announces merger with SVES at ~$707M enterprise value

Relativity Acquisition Corp

Definitive business combination agreement between Relativity Acquisition Corp. (NASDAQ: RACY) and SVES, an off-price apparel distributor.
Implied pro-forma enterprise value of ~$707.25M; SVES equity consideration of $632M in Pubco common stock at $10.00/share.
Transaction expected to close in Q3 2023, subject to stockholder approval and customary closing conditions.
Combined company will be named SVES, Inc., and intends to list on Nasdaq under ticker symbol 'SVES'.

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