By Khyathi Dalal,
Relativity Acquisition (RACY) priced its 12.5M IPO units at $10/unit; each unit consists of one share and one redeemable warrant; each warrant holder is entitled to purchase one share at $11.5/share.
The units are expected to trade on Nasdaq under the symbol, “RACYU” starting today.
Underwriters granted 45-day option to purchase up to 1.88M units at IPO price.
Offer is expected to close on Feb.15.
Relativity Acquisition plans 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.
Source : https://seekingalpha.com/news/3799052-relativity-acquisition-prices-125m-ipo-trading-starts-today?utm_source=feed_news_ipos&utm_medium=referral
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