{"url_path":"/sec/acqc/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-02","source_url":"https://www.sec.gov/Archives/edgar/data/1860484/0001104659-26-069387-index.html","accession_number":"0001104659-26-069387","cik":"0001860484","ticker":"ACQC","issuer_name":"Relativity Acquisition Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1860484/0001104659-26-069387-index.html","primary_entity_key":"0001860484","primary_entity_name":"Relativity Acquisition Corp"},"word_count":2722,"has_tables":true,"body_markdown":"RELATIVITY ACQUISITION CORP_March 31, 2026\n\nhttp://fasb.org/us-gaap/2025#RelatedPartyMemberhttp://fasb.org/us-gaap/2025#RelatedPartyMember0001860484--12-312026Q1http://fasb.org/us-gaap/2025#RelatedPartyMemberhttp://fasb.org/us-gaap/2025#RelatedPartyMemberP5YP3Dfalse0001860484srt:MinimumMemberus-gaap:FairValueInputsLevel3Member2026-03-310001860484srt:MedianMemberus-gaap:FairValueInputsLevel3Member2026-03-310001860484srt:MaximumMemberus-gaap:FairValueInputsLevel3Member2026-03-310001860484srt:MinimumMemberus-gaap:FairValueInputsLevel3Member2025-12-310001860484srt:MedianMemberus-gaap:FairValueInputsLevel3Member2025-12-310001860484srt:MaximumMemberus-gaap:FairValueInputsLevel3Member2025-12-310001860484racy:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Member2026-03-310001860484racy:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Member2025-12-310001860484racy:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Member2025-03-310001860484racy:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Member2024-12-310001860484us-gaap:WarrantMemberus-gaap:CommonClassAMember2026-01-012026-03-310001860484us-gaap:WarrantMemberus-gaap:CommonClassAMember2022-02-152022-02-150001860484us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2026-03-250001860484us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2026-02-120001860484us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2024-02-130001860484racy:PublicSharesMember2024-02-130001860484racy:CommonStockSubjectToPossibleRedemptionMember2026-03-310001860484racy:CommonStockSubjectToPossibleRedemptionMember2025-12-310001860484racy:ClassACommonStockSubjectToPossibleRedemptionMember2026-03-310001860484racy:ClassACommonStockSubjectToPossibleRedemptionMember2025-12-310001860484racy:CommonStockSubjectToPossibleRedemptionMember2023-03-3100018604842026-03-252026-03-2500018604842026-02-122026-02-120001860484racy:PublicSharesMember2026-02-012026-02-2800018604842025-02-132025-02-130001860484racy:PublicSharesMember2025-02-012025-02-280001860484racy:PublicSharesMember2024-02-012024-02-290001860484racy:PublicSharesMember2024-02-132024-02-130001860484us-gaap:CommonClassBMember2022-01-012022-12-310001860484us-gaap:CommonClassAMember2026-03-252026-03-250001860484us-gaap:CommonClassAMember2026-02-122026-02-120001860484racy:SponsorMemberus-gaap:PrivatePlacementMember2026-01-012026-03-310001860484us-gaap:CommonClassAMember2025-02-132025-02-130001860484us-gaap:CommonClassAMemberracy:SponsorMember2023-02-272023-02-270001860484racy:FounderShareMemberus-gaap:CommonClassAMember2023-02-272023-02-270001860484us-gaap:CommonClassAMemberus-gaap:OverAllotmentOptionMember2022-02-152022-02-150001860484racy:GeorgeSyllantavosMemberracy:FounderShareMember2022-01-122022-01-120001860484racy:AnastasiosChrysostomidisMember2022-01-122022-01-120001860484us-gaap:CommonClassBMember2021-12-142021-12-140001860484racy:FounderShareMember2021-12-142021-12-140001860484racy:FounderShareMemberus-gaap:IPOMember2021-05-012021-05-310001860484racy:FounderShareMemberus-gaap:CommonStockMember2021-05-012021-05-310001860484us-gaap:RetainedEarningsMember2026-03-310001860484us-gaap:RetainedEarningsMember2025-12-310001860484us-gaap:RetainedEarningsMember2025-03-310001860484us-gaap:RetainedEarningsMember2024-12-310001860484us-gaap:IPOMember2026-03-310001860484us-gaap:CommonClassBMemberus-gaap:CommonStockMember2026-03-310001860484us-gaap:CommonClassAMemberus-gaap:CommonStockMember2026-03-310001860484us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-12-310001860484us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-12-310001860484us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-03-310001860484us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-03-310001860484us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-12-310001860484us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-12-310001860484racy:SponsorMemberus-gaap:IPOMember2022-02-150001860484racy:SVESLLCMemberracy:PublicSharesMember2026-03-310001860484us-gaap:CommonClassAMember2026-03-250001860484us-gaap:CommonClassAMember2026-02-120001860484us-gaap:CommonClassAMember2025-02-130001860484racy:commonStockOfPubcoMember2026-03-310001860484us-gaap:CommonClassAMemberus-gaap:IPOMember2026-01-012026-03-310001860484racy:SVESLLCMemberus-gaap:RelatedPartyMember2025-01-012025-03-310001860484us-gaap:IPOMember2022-02-152022-02-150001860484racy:SponsorMember2026-03-310001860484racy:SponsorMember2025-12-310001860484racy:SVESLLCMember2024-02-130001860484us-gaap:RelatedPartyMember2026-03-310001860484us-gaap:RelatedPartyMember2025-12-310001860484racy:NovaScotiaLtdMember2024-07-110001860484racy:PublicWarrantsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001860484racy:PrivateWarrantsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001860484us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001860484racy:PublicWarrantsMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001860484racy:PrivateWarrantsMemberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001860484us-gaap:FairValueMeasurementsRecurringMember2026-03-310001860484racy:PublicWarrantsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001860484racy:PrivateWarrantsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001860484us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001860484racy:PublicWarrantsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001860484racy:PrivateWarrantsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001860484us-gaap:FairValueMeasurementsRecurringMember2025-12-3100018604842024-05-152024-05-150001860484racy:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Member2026-01-012026-03-310001860484racy:WarrantLiabilityMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-03-310001860484racy:ClassACommonStockSubjectToPossibleRedemptionMember2026-01-012026-03-310001860484racy:ClassACommonStockNonRedeemableMember2026-01-012026-03-310001860484us-gaap:CommonClassBMember2025-01-012025-03-310001860484racy:ClassACommonStockSubjectToPossibleRedemptionMember2025-01-012025-03-310001860484racy:ClassACommonStockNonRedeemableMember2025-01-012025-03-3100018604842021-05-3100018604842025-01-242025-01-2400018604842024-07-152024-07-150001860484racy:SVESLLCMember2026-03-310001860484us-gaap:PrivatePlacementMember2026-03-310001860484us-gaap:CommonClassBMemberracy:SponsorMember2026-01-012026-03-310001860484racy:SponsorMemberus-gaap:CommonClassAMember2023-02-272023-02-270001860484us-gaap:CommonClassAMember2023-02-272023-02-270001860484us-gaap:CommonClassBMember2026-01-012026-03-310001860484racy:FounderShareMemberus-gaap:CommonClassAMember2026-03-310001860484racy:FounderShareMemberus-gaap:CommonClassBMember2023-02-270001860484racy:AGPMemberus-gaap:CommonClassBMember2021-12-140001860484racy:ClassACommonStockNonRedeemableMember2026-03-310001860484racy:ClassACommonStockNonRedeemableMember2025-12-310001860484us-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2023-02-270001860484us-gaap:CommonClassAMemberracy:SponsorMember2023-02-270001860484racy:FounderShareMemberus-gaap:CommonClassAMember2023-02-2700018604842023-01-120001860484us-gaap:CommonClassBMember2026-03-310001860484us-gaap:CommonClassBMember2025-12-310001860484us-gaap:CommonClassAMember2025-12-310001860484us-gaap:CommonClassBMember2023-02-270001860484us-gaap:CommonClassAMember2023-02-270001860484racy:PublicWarrantsMember2026-03-310001860484us-gaap:WarrantMemberus-gaap:CommonClassAMember2026-03-310001860484racy:PrivatePlacementWarrantsMember2026-03-310001860484us-gaap:WarrantMemberus-gaap:CommonClassAMember2022-02-150001860484us-gaap:CommonClassAMember2026-03-3100018604842025-03-3100018604842024-12-310001860484racy:RelativityHoldingsIncMemberracy:RelativityAcquisitionCorpMember2025-02-282025-02-280001860484racy:RelativityHoldingsIncMemberracy:RelativityAcquisitionCorpMember2025-02-280001860484racy:SingleReportableSegmentMember2026-03-310001860484racy:SingleReportableSegmentMember2025-12-310001860484racy:TrustAccountMember2024-02-130001860484us-gaap:WarrantMember2025-01-012025-03-3100018604842023-08-102023-08-1000018604842024-02-132024-02-130001860484us-gaap:CommonClassAMember2022-12-282022-12-2800018604842022-12-212022-12-2100018604842026-03-2500018604842026-02-1200018604842025-02-1300018604842026-02-2800018604842025-02-2800018604842024-02-290001860484us-gaap:IPOMember2021-05-310001860484us-gaap:WarrantMember2026-01-012026-03-3100018604842025-01-012025-12-3100018604842022-12-210001860484us-gaap:CommonStockMember2026-01-012026-03-310001860484racy:SponsorMemberus-gaap:CommonClassBMember2026-01-012026-03-310001860484us-gaap:PrivatePlacementMember2026-01-012026-03-310001860484us-gaap:CommonClassAMember2026-01-012026-03-310001860484racy:RedeemableWarrantMember2026-01-012026-03-310001860484us-gaap:CommonClassBMemberus-gaap:IPOMember2023-02-272023-02-270001860484us-gaap:CommonClassBMember2023-02-272023-02-270001860484us-gaap:CommonClassAMember2022-02-152022-02-150001860484racy:RedeemablePublicWarrantMember2022-02-152022-02-150001860484us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2026-03-3100018604842024-02-130001860484us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2026-03-252026-03-250001860484racy:BusinessCombinationAgreementMember2023-08-112023-08-1100018604842023-08-112023-08-110001860484us-gaap:IPOMember2022-02-1500018604842022-12-310001860484racy:SingleReportableSegmentMember2026-01-012026-03-310001860484racy:SingleReportableSegmentMember2025-01-012025-03-3100018604842022-08-162022-08-160001860484us-gaap:RetainedEarningsMember2026-01-012026-03-310001860484us-gaap:RetainedEarningsMember2025-01-012025-03-310001860484us-gaap:IPOMember2026-01-012026-03-310001860484us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2026-01-012026-03-3100018604842022-02-152022-02-150001860484srt:MinimumMember2026-01-012026-03-310001860484srt:MaximumMember2026-01-012026-03-3100018604842025-01-012025-03-310001860484racy:RelativityHoldingsIncMemberracy:RelativityAcquisitionCorpMemberracy:PubcoPublicWarrantMember2025-02-2800018604842023-11-0900018604842026-03-3100018604842025-12-310001860484us-gaap:CommonClassBMember2026-05-290001860484us-gaap:CommonClassAMember2026-05-2900018604842026-01-012026-03-31xbrli:sharesiso4217:USDxbrli:pureiso4217:USDxbrli:sharesracy:segment\n\n[Table of Contents](#TOC)\n\n​\n\n​\n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n**FORM ****10-Q**\n\n(Mark One)\n\n☒** QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n**For the quarterly period ended****March 31, 2026**\n\n☐** TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n**For the transition period from            to**\n\n**Commission File No. ****001-40625**\n\n**RELATIVITY ACQUISITION CORP****.**\n\n(Exact name of registrant as specified in its charter)\n\n**Delaware**\n\n  ​ ​\n\n**86-3244927**\n\n(State or other jurisdiction of\nincorporation or organization)\n\n \n\n(I.R.S. Employer\nIdentification No.)\n\n​\n\n​\n\n**c/o 3753 Howard Hughes Pkwy********Suite 200********Las Vegas****,****NV**** ****89169**\n\n(Address of Principal Executive Offices, including zip code)\n\n​\n\n**(****888****) ****710-4420**\n\n(Registrant’s telephone number, including area code)\n\n​\n\n**N/A**\n\n(Former name, former address and former fiscal year, if changed since last report)\n\n​\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Title of each class**\n\n  ​ ​ ​\n\n**Trading Symbol(s)**\n\n  ​ ​ ​\n\n**Name of each exchange on which registered**\n\n \n\n \n\n \n\n \n\n \n\n​\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐  No ☒\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n​\n\n​\n\n​\n\n​\n\n☐\n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☒\n\nNon-accelerated filer\n\n☒\n\nSmaller reporting company\n\n​\n\n​\n\n☒\n\nEmerging growth company\n\n​\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes ☒  No ☐\n\nAs of May 29, 2026, there were 4,303,400 shares of Class A Common Stock, par value $0.0001 per share, and one share of Class B Common Stock, par value $0.0001 per share, of the registrant issued and outstanding.\n\n​\n\n​\n\n​\n\n[Table of Contents](#TOC)\n\nRELATIVITY ACQUISITION CORP.\n\nFORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026\n\nTABLE OF CONTENTS\n\n​\n\n​\n\n​\n\n​\n\n \n\n \n\n**  ​ ​ ​**\n\n**Page**\n\n[**PART 1 – FINANCIAL INFORMATION**](#PARTIFINANCIALINFORMATION_488929)\n\n​\n\n1\n\n​\n\n​\n\n​\n\n​\n\n[Item 1.](#Item1FinancialStatements_284200)\n\n[Financial Statements](#Item1FinancialStatements_284200)\n\n​\n\n1\n\n​\n\n \n\n​\n\n​\n\n​\n\n[Condensed Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2024](#CONDENSEDCONSOLIDATEDBALANCESHEETS_90339)\n\n​\n\n1\n\n​\n\n \n\n​\n\n​\n\n​\n\n[Unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025](#STATEMENTSOFOPERATIONS_533484)\n\n​\n\n2\n\n​\n\n \n\n​\n\n​\n\n​\n\n[Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the three months ended March 31, 2026 and 2025](#CHANGESINSTOCKHOLDERSDEFICIT_924566)\n\n​\n\n3\n\n​\n\n \n\n​\n\n​\n\n​\n\n[Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025](#STATEMENTSOFCASHFLOWS_772455)\n\n​\n\n4\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Notes to Unaudited Condensed Consolidated Financial Statements](#CONDENSEDCONSOLIDATEDFINANCIALSTATEMENTS)\n\n​\n\n5\n\n​\n\n​\n\n​\n\n​\n\n[Item 2.](#Item2ManagementsDiscussionandAnalysis_45)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#Item2ManagementsDiscussionandAnalysis_45)\n\n​\n\n26\n\n​\n\n​\n\n​\n\n​\n\n[Item 3.](#Item3QuantitativeandQualitative_740684)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#Item3QuantitativeandQualitative_740684)\n\n​\n\n31\n\n​\n\n​\n\n​\n\n​\n\n[Item 4.](#Item4ControlsandProcedures_833881)\n\n[Control and Procedures](#Item4ControlsandProcedures_833881)\n\n​\n\n32\n\n​\n\n​\n\n​\n\n​\n\n[**PART II – OTHER INFORMATION**](#PARTIIOTHERINFORMATION_127716)\n\n​\n\n33\n\n​\n\n​\n\n​\n\n​\n\n[Item 1.](#Item1LegalProceedings_326974)\n\n[Legal Proceedings](#Item1LegalProceedings_326974)\n\n​\n\n33\n\n​\n\n​\n\n​\n\n​\n\n[Item 1A.](#Item1ARiskFactors_212995)\n\n[Risk Factors](#Item1ARiskFactors_212995)\n\n​\n\n33\n\n​\n\n​\n\n​\n\n​\n\n[Item 2.](#Item2UnregisteredSalesofEquity_291672)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#Item2UnregisteredSalesofEquity_291672)\n\n​\n\n34\n\n​\n\n​\n\n​\n\n​\n\n[Item 3.](#Item3DefaultsUponSeniorSecurities_601922)\n\n[Defaults Upon Senior Securities](#Item3DefaultsUponSeniorSecurities_601922)\n\n​\n\n34\n\n​\n\n​\n\n​\n\n​\n\n[Item 4.](#Item4MineSafetyDisclosures_289506)\n\n[Mine Safety Disclosures](#Item4MineSafetyDisclosures_289506)\n\n​\n\n34\n\n​\n\n​\n\n​\n\n​\n\n[Item 5.](#Item5OtherInformation_516594)\n\n[Other Information](#Item5OtherInformation_516594)\n\n​\n\n34\n\n​\n\n​\n\n​\n\n​\n\n[Item 6.](#Item6Exhibits_390627)\n\n[Exhibits](#Item6Exhibits_390627)\n\n​\n\n34\n\n​\n\n​\n\n​\n\n​\n\n[**PART III**](#PARTIII_941853)\n\n​\n\n35\n\n​\n\n​\n\n​\n\n​\n\n[**SIGNATURES**](#SIGNATURES_108181)\n\n​\n\n35\n\n​\n\n​\n\n​\n\n​\n\ni\n\n[Table of Contents](#TOC)\n\nUnless otherwise stated in this Report, or the context otherwise requires, references to:\n\n●“2021 Annual Report” are to our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as filed with the SEC (as defined below) on March 31, 2022;\n\n●“2022 Annual Report” are to our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as filed with the SEC on March 31, 2023;\n\n●“2022 Special Meeting” are to our special meeting of stockholders held on December 21, 2022;\n\n●“2023 Annual Meeting” are to our annual meeting of stockholders held on December 22, 2023;\n\n●“2024 Special Meeting” are to our special meeting of stockholders held on February 13, 2024;\n\n●“2025 Special Meeting” are to our special meeting of stockholders held on February 13, 2025;\n\n●“Administrative Support Agreement” are to the Administrative Support Agreement, dated February 10, 2022, we entered into with an affiliate of our Sponsor;\n\n●“A.G.P.” are to A.G.P./Alliance Global Partners, as representative of the underwriters of our Initial Public Offering (as defined below);\n\n●“ASC” are to the FASB (as defined below) Accounting Standards Codification;\n\n●“ASU” are to the FASB Accounting Standards Update;\n\n●“Audit Committee” are to the audit committee of our Board of Directors (as defined below);\n\n●“Board of Directors,” or “Board” are to our board of directors;\n\n●“Business Combination” are to a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses;\n\n●“Business Combination Marketing Agreement” are to the Business Combination Marketing Agreement, dated February 10, 2022, we entered into with A.G.P.\n\n●“Class A Common Stock” are to shares of our Class A common stock, par value $0.0001 per share;\n\n●“Class B Common Stock” are to shares of our Class B common stock, par value $0.0001 per share;\n\n●“Combination Period” are to the 48-month period (from the closing of the Initial Public Offering to February 15, 2026), or such earlier date as determined by our Board, as extended by the Second Extension (as defined below), unless further extended pursuant to the Second Amended and Restated Charter (as defined below) consistent with applicable laws, regulations and stock exchange rules, that we have to consummate an initial Business Combination if all deposits into the Trust Account are made under the Second Extension Promissory Note (as defined below);\n\n●“Common Stock” are to the Class A Common Stock and the Class B Common Stock, together;\n\n●“Company,” “our,” “we,” or “us” are to Relativity Acquisition Corp., a Delaware corporation;\n\n●“Continental” are to Continental Stock Transfer & Trust Company, trustee of our Trust Account and warrant agent of our Public Warrants (as defined below);\n\nii\n\n[Table of Contents](#TOC)\n\n●“Determination Letter” are to the letter we received from the Listing Qualifications Staff of Nasdaq (as defined below) on January 12, 2023, notifying us of the Trading Halt given that we no longer complied with the requirements (i) Listing Rule 5450(b)(2)(B), requiring a minimum of $50 million Market Value of Listed Securities; (ii) Listing Rule 5450(b)(2)(A), requiring a minimum 1,100,000 Publicly Held Shares; and (iii) Listing Rule 5450(b)(2)(C), requiring a minimum of $15 million in Market Value of Publicly Held Shares;\n\n●“DGCL” are to the Delaware General Corporation Law;\n\n●“DWAC System” are to the Depository Trust Company’s Deposit/Withdrawal At Custodian System;\n\n●“Exchange Act” are to the Securities Exchange Act of 1934, as amended;\n\n●“Excise Tax” are to the U.S. federal 1% excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023 as provided for by the Inflation Reduction Act of 2022;\n\n●“FASB” are to the Financial Accounting Standards Board;\n\n●“FINRA” are to the Financial Industry Regulatory Authority;\n\n●“First Extension” are to the extension of the date by which we must consummate our initial Business Combination from February 15, 2023 to February 15, 2024, including the Funded Extension Periods (as defined below), as approved by our stockholders at the 2022 Special Meeting.\n\n●“Founder Share Conversion” are to the 3,593,749 shares of Class A Common Stock issued on February 27, 2023 to the Sponsor (as defined below), A.G.P., George Syllantavos and Anastasios Chrysostomidis, upon the conversion of an equal number of shares of Class B Common Stock held as Founder Shares;\n\n●“Founder Shares” are to the shares of Class B Common Stock initially purchased by our Sponsor and other Initial Stockholders and the shares of Class A Common Stock that (i) will be issued upon conversion of the Class B Common Stock (for the avoidance of doubt, such Class A Common Stock will not be “Public Shares”) and (ii) were issued in connection with the Founder Share Conversion upon the conversion of an equal number of shares of Class B Common Stock;\n\n●“Funded Extension Period” are to each additional three-month period in the First Extension that the Sponsor could extend the period of time to consummate a Business Combination for up to two times beyond August 15, 2023 without stockholder approval (for a total of up to 24 months from the closing of the Initial Public Offering to complete a Business Combination) subject to our deposit of an aggregate of $1,000 from our working capital into the Trust Account for each three-month period;\n\n●“IFRS” are to the International Financial Reporting Standards, as issued by the International Accounting Standards Board;\n\n●“Initial Public Offering” or “IPO” are to our initial public offering that was consummated on February 15, 2022;\n\n●“Initial Stockholders” are to our Sponsor, A.G.P. and any other holders of our Founder Shares prior to our Initial Public Offering (or their permitted transferees);\n\n●“Investment Company Act” are to the Investment Company Act of 1940, as amended;\n\n●“IPO Promissory Note” are to that certain unsecured amended and restated promissory note in the aggregate principal amount of $300,000 issued to our Sponsor on September 30, 2021;\n\n●“IPO Registration Statement” are to the Registration Statement on Form S-1 initially filed with the SEC on January 13, 2022, as amended, and declared effective on February 10, 2022 (File No. 333-262156);\n\niii\n\n[Table of Contents](#TOC)\n\n●“JOBS Act” are to the Jumpstart Our Business Startups Act of 2012;\n\n●“Letter Agreement” are to the Letter Agreement, dated February 10, 2022, we entered into with our Initial Stockholders, and our officers and directors;\n\n●“Management” or our “Management Team” are to our executive officers and directors;\n\n“Merger Sub” are to Relativity Purchaser Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (as defined below);\n\n●“Nasdaq” are to the Nasdaq Stock Market LLC;\n\n●“PCAOB” are to the Public Company Accounting Oversight Board (United States);\n\n●“Private Placement” are to the Private Placement of Private Placement Units (as defined below) that occurred simultaneously with the closing of our Initial Public Offering;\n\n●“Private Placement Shares” are to the shares of our Class A Common Stock included within the Private Placement Units purchased by our Sponsor in the Private Placement;\n\n●“Private Placement Units” are to the units issued to our Sponsor in the Private Placement, which Private Placement Units are identical to the Units (as defined below) sold in our Initial Public Offering, subject to certain limited exceptions as described in this Report;\n\n●“Private Placement Warrants” are to the warrants underlying the Private Placement Units issued to our Sponsor in the Private Placement, which Private Placement Warrants are identical to the Public Warrants sold in our Initial Public Offering, subject to certain limited exceptions as described in this Report;\n\n●“Pubco” are to Relativity Holdings Inc., a Delaware corporation and our wholly-owned subsidiary;\n\n●“Public Shares” are to the shares of Class A Common Stock sold as part of the Units in our Initial Public Offering (whether they were purchased in our Initial Public Offering or thereafter in the open market);\n\n●“Public Stockholders” are to the holders of our Public Shares, including our Initial Stockholders and Management Team to the extent our Initial Stockholders and/or members of our Management Team hold Public Shares, provided that each Initial Stockholder’s and member of our Management Team’s status as a “Public Stockholder” will only exist with respect to such Public Shares;\n\n●“Public Warrants” are to the redeemable warrants sold as part of the Units in our Initial Public Offering (whether they were subscribed for in our Initial Public Offering or purchased in the open market) and to the Private Placement Warrants if held by third parties other than our Initial Stockholders in each case, following the consummation of our initial Business Combination;\n\n●“Report” are to this Annual Report on Form 10-K for the fiscal year ended December 31, 2023;\n\n●“Registration Rights Agreement” are to the Registration Rights Agreement, dated February 10, 2022, we entered into with our Initial Stockholders;\n\n●“Sarbanes-Oxley Act” are to the Sarbanes-Oxley Act of 2002;\n\n●“SEC” are to the U.S. Securities and Exchange Commission;\n\niv\n\n[Table of Contents](#TOC)\n\n●“Second Amended and Restated Charter” are to our Second Amended and Restated Certificate of Incorporation, as amended and currently in effect;\n\n●“Second Extension” are to the extension of the date by which we must consummate our initial Business Combination from February 15, 2024 to February 15, 2025 (or such earlier date as determined by our Board), as approved by our stockholders at the 2024 Special Meeting and in accordance with the terms of the Second Extension Promissory Note;\n\n●“Second Extension Promissory Note” are to that certain unsecured promissory note in the aggregate principal amount of up to $42,498 issued to SVES LLC on February 13, 2024 in connection with the Second Extension;\n\n●“Securities Act” are to the Securities Act of 1933, as amended;\n\n●“SPACs” are to special purpose acquisition companies;\n\n●“Sponsor” are to Relativity Acquisition Sponsor LLC, a Delaware limited liability company;\n\n●“Third Extension” are to the extension of the date by which we must consummate our initial Business Combination from February 15, 2025 to February 15, 2026 (or such earlier date as determined by our Board), as approved by our stockholders at the 2025 Special Meeting and in accordance with the terms of the Third Extension Promissory Note;\n\n●“Third Extension Promissory Note” are to that certain unsecured promissory note in the aggregate principal amount of up to $42,498 issued to SVES LLC on February 13, 2025 in connection with the Third Extension;\n\n●“Trading Halt” are to the Nasdaq staff’s determination on January 11, 2023, to halt trading in our securities pursuant to the Determination Letter.\n\n●“Trust Account” are to the U.S.-based trust account in which an amount of $146,625,000 from the net proceeds of the sale of the Units in the Initial Public Offering and the Private Placement Units in the Private Placement was placed following the closing of the Initial Public Offering;\n\n●“Trust Agreement Amendment” are to an amendment to the Investment Management Trust Agreement, dated as of February 10, 2022, we entered into with Continental, as trustee of the Trust Account, permitting Continental to invest funds from the Trust Account in an interest-bearing demand deposit account, as approved by our stockholders at the 2024 Special Meeting;\n\n●“Units” are to the units sold in our Initial Public Offering, which consist of one Public Share and one Public Warrant;\n\n●“U.S. GAAP” are to the accounting principles generally accepted in the United States of America;\n\n●“Warrants” are to the Private Placement Warrants and the Public Warrants, together;\n\n●“Withum” are to WithumSmith+Brown, PC, our independent registered public accounting firm; and\n\n●“Working Capital Loans” are to funds that, in order to provide working capital or finance transaction costs in connection with a Business Combination, the Initial Stockholders or an affiliate of the Initial Stockholders or certain our directors and officers may, but are not obligated to, loan us.\n\n​\n\n​\n\nv\n\n[Table of Contents](#TOC)\n\nPART I – FINANCIAL INFORMATION"}