Relativity Acquisition said a confidential S-4 submission was made to the SEC outlining the SPAC’s proposed business combination SVES, an off-price apparel distribution company based in Florida.
Announced in February, the deal has a pro forma enterprise value of $707.25 million.
SVES was founded in 2017 to fill a gap in the retail supply chain by providing full-price retail fashion brands an efficient and effective way to monetize overstocked items.
Initially focused on cannabis companies, Relativity raised $143.75M in a February 2022 IPO. Read more.
