Relativity Acquisition announced the pricing of its initial public offering of 12.5 million units at a price of $10 per unit, with each consisting of one share and a warrant.
The units begin trading today on the Nasdaq under the ticker symbol RACYU.
The offering is expected to close Feb. 15. After the securities begin separate trading, stock and warrants are expected to list under the symbols RACY and RACYW.
Relativity Acquisition 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. The management team and board of directors are composed of veteran cannabis and finance industry executives, led by Founder, Chairman and CEO Tarek Tabsh, the co-founder of pharmaceutical company Oxford Cannabinoid Technologies.
A.G.P./Alliance Global Partners is sole book-running manager for the offering. Brookline Capital Markets is co-manager. Read more.
