Relativity Acquisition Corp. Announces Receipt of Nasdaq Delisting Determination
April 29 2024 - 7:16PM
Relativity Acquisition Corp. (Nasdaq: RACY) (the “Company”) today
announced that, on April 23, 2024, the Company received a
determination letter (the “Letter”) from the Nasdaq Listing
Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC
(“Nasdaq”) indicating that Staff had determined to delist the
Company’s securities from The Nasdaq Stock Market. The Staff’s
determination was based upon the Company’s non-compliance with the
requirements set forth in Listing Rule 5250(f), requiring the
payment of all applicable fees as described in the Rule 5900
series. The Staff’s determination was based on the Company’s unpaid
past due balance of assessed fees of $81,000.
About Relativity Acquisition Corp.
Relativity Acquisition Corp. is a blank check company sponsored
by Relativity Acquisition Sponsor LLC, a Delaware limited liability
company, formed for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses. The
Company intends to focus on businesses in the legalized cannabis
industry, including related industries such as consumer packaged
goods, health & wellness, technology, pharmaceuticals,
manufacturing, distribution, logistics and brand management.
Forward-Looking StatementsThis press release
may include, and oral statements made from time to time by
representatives of the Company may include, “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements regarding possible business
combinations and the financing thereof, and related matters, as
well as all other statements other than statements of historical
fact included in this press release are forward-looking statements.
When used in this press release, words such as “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “might,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “would” and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission (“SEC”). All subsequent written or oral forward-looking
statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement and
prospectus for the Company’s initial public offering and the
Company’s annual or quarterly reports or proxy statement filed with
the SEC. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Company Contact:
Email: info@relativityacquisitions.com
Website: www.relativityacquisitions.com
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