Relativity Acquisition Corp. enters $632M SPAC merger with SVES

Relativity Acquisition Corp

Merger consideration of $632M payable in Pubco common stock at $10.00 per share.
Closing conditions include Relativity shareholder approval, SEC Form S-4 effectiveness, and Nasdaq listing.
SVES comprises four Florida LLCs; sellers include SVGO, ESGO, SV Apparel, ES Business Consulting.
Outside date to close is August 15, 2023, extendable if SVES audited financials are delayed.
Post-closing board of five directors, majority independent under Nasdaq rules, designated by seller representative.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Relativity Acquisition Corp entered into Business Combination Agreement with SVES GO, LLC, SVES LLC, SVES CP LLC, SVES Apparel LLC, SVGO LLC, ESGO LLC, SV Apparel LLC, ES Business Consulting LLC, Timothy J. Fullum, Salomon Murciano, Relativity Acquisition Sponsor, LLC, Timothy J. Fullum (as Seller Representative) valued at $632,000,000 (effective 2023-02-13).

Action: entry
Agreement: merger
Counterparty: SVES GO, LLC, SVES LLC, SVES CP LLC, SVES Apparel LLC, SVGO LLC, ESGO LLC, SV Apparel LLC, ES Business Consulting LLC, Timothy J. Fullum, Salomon Murciano, Relativity Acquisition Sponsor, LLC, Timothy J. Fullum (as Seller Representative)
Value: $632,000,000
Effective: 2023-02-13

Exact text from the filing

On February 13, 2023, Relativity Acquisition Corp. (“ Relativity ”) entered into a Business Combination Agreement (the “ Business Combination Agreement ”) by and among (i) Relativity, (ii) Relativity Holdings Inc.

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Relativity Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001213900-23-012892

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