other material
confidence high
sentiment neutral
materiality 0.55
Relativity Acquisition amends SPAC merger agreement with SVES; extends closing deadline to Feb 2024
Relativity Acquisition Corp
- Third Amendment extends due diligence period and disclosure schedule delivery to August 31, 2023.
- Charter amendment proposed to eliminate $5,000,001 net tangible asset requirement after redemptions.
- Outside date for closing extended to February 15, 2024.
- Contribution consideration set at $632M, with aggregate seller shares priced at $10 per share.
- Amendment also adjusts closing condition to remove net tangible asset test if charter amendment approved.