Relativity Acquisition, a blank check company targeting the cannabis industry, raised $125 million by offering 12.5 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
The company is led by CEO and Director Tarek Tabsh, who co-founded and guided the initial vision and strategy for UK-based pharmaceutical Oxford Cannabinoid Technologies. The company plans to target the cannabis industry, as well as related industries such as consumer packaged goods, health & wellness, technology, pharmaceuticals, manufacturing, distribution, logistics, and brand management.
Relativity Acquisition plans to list on the Nasdaq under the symbol RACYU. A.G.P. acted as sole bookrunner on the deal.
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