Relativity Acquisition Corp. Announces Funding And Extension Of Deadline To Complete Business Combination To February 15, 2024
Portfolio Pulse from Benzinga Newsdesk
Relativity Acquisition Corp. (NASDAQ:RACY) has extended the deadline to complete its business combination with SVES LLC and related entities to February 15, 2024. This is the second of two three-month extensions allowed under Relativity's governing documents. An amount of $1,000.00 from Relativity's working capital was deposited into its trust account for its public stockholders on November 9, 2023. The combined company will operate under the name 'SVES, Inc.' and intends to apply to be listed on Nasdaq under the new ticker symbol 'SVES.'
November 09, 2023 | 11:55 pm
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NEUTRAL IMPACT
Relativity Acquisition Corp. (RACY) has extended its business combination deadline with SVES LLC to February 15, 2024. This could potentially impact the stock as investors may react to the extended timeline and the future listing of the combined company under a new ticker.
The extension of the business combination deadline could lead to uncertainty among investors, potentially impacting the stock price. However, the future listing of the combined company under a new ticker could also influence investor sentiment. The exact impact will depend on how investors perceive these developments.
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