Relativity Acquisition Corp. announced that it has entered into an agreement for a private placement of 472,500 units at a price of $10 per unit for gross proceeds of $4,725,000 with existing investor Relativity Acquisition Sponsor LLC, on January 13, 2022. The company will issue additional 37,500 units if the underwriters' over-allotment option is exercised in full.

Each warrant is exercisable at $11.5 per class A share, subject to adjustments. The transaction will close concurrently with public offering. The private placement units will be non-redeemable.

The warrants will not be transferable, assignable or salable until 30 days after the completion of our initial business combination.