NEW
YORK, May 6, 2024 /PRNewswire/ -- Relativity
Acquisition Corp. (Nasdaq: RACY) (the "Company") today announced
that, on April 30, 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 an
additional basis 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(c)(1), requiring the timely filing of all required
periodic financial reports with the Securities and Exchange
Commission. The Staff's determination was based on the Company's
delinquency in filing its Form 10-K for the period ended December
31, 2023.
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 Statements
This 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.
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SOURCE Relativity Acquisition Corp.