Relativity Acquisition Corp. (RACYU) Prices $125M IPO


Relativity Acquisition Corp. (RACYU) Prices $125M IPO

Feb 10, 2022 IPOs by Marlena Haddad

Relativity Acquisition Corp. announced the pricing of its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RACYU” Friday, February 11.

The new SPAC intends to focus its search on a business in the cannabis industry or in related industries such as consumer packaged goods, health & wellness, technology, pharmaceuticals, manufacturing, distribution, logistics and brand management. Relativity is led by CEO Tarek Tabsh along with CFO Steven Berg.

Total SPAC deal count for 2022 year-to-date is now 35. This offering is expected to close on Tuesday, February 15.

A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering. Brookline Capital Markets, a division of Arcadia Securities, LLC is acting as the co-manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Manatt, Phelps & Phillips, LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.