other material
confidence high
sentiment neutral
materiality 0.60
Relativity Acquisition extends deadline to Nov 15, 2023 for SVES merger; deposits $1,000 into trust
Relativity Acquisition Corp
- Extended business combination deadline from Aug 15, 2023 to Nov 15, 2023; first of two permitted three-month extensions.
- Deposited $1,000 from working capital into trust account on Aug 3, 2023 to fund extension.
- References previously announced $632M deal with SVES, an off-price apparel distributor based in Florida.
- Combined company to be named SVES, Inc. and intends to list on Nasdaq under ticker SVES.
- Extension provides additional time to complete the business combination with SVES.