Relativity Acquisition Corp. reported a net loss of $19,761 for the three months ending March 31, 2026, a significant decrease from the $463,778 loss recorded in the same period the previous year. The company attributed this improvement primarily to a favorable change in the fair value of warrant liabilities, which resulted in a gain of $242,715, compared to a loss of $175,077 in the prior year. General and administrative expenses decreased to $266,935 from $293,991, contributing to the overall reduction in net loss.
The company’s total assets as of March 31, 2026, were $727,036, down from $812,515 at the end of 2025. Cash held in the Trust Account decreased to $712,789 from $794,299, reflecting ongoing operational expenses and stockholder redemptions. The number of public shares outstanding also declined, with 55,901 shares remaining as of the end of the first quarter, down from 62,488 at the end of 2025. This reduction was influenced by stockholder redemptions during the company’s special meetings, where stockholders exercised their rights to redeem shares for a pro rata portion of the funds in the Trust Account.
Strategically, Relativity Acquisition Corp. has extended its deadline to complete a business combination to February 15, 2027, following multiple extensions approved by stockholders. The company is currently pursuing a business combination with Instinct Brothers Co., Ltd., which is expected to involve a merger that will result in the company acquiring 100% of the outstanding equity of the target. The total consideration for this transaction is estimated at $200 million, to be paid in common stock of the newly formed entity.
Operationally, the company has not yet commenced any revenue-generating activities, as it remains focused on identifying a suitable target for its business combination. As of March 31, 2026, Relativity had a working capital deficit of $3,388,403, indicating a need for additional funding to support its operations and potential business combination costs. The company has indicated that it may seek working capital loans from its sponsor or affiliates to cover these expenses.
Looking ahead, Relativity Acquisition Corp. faces significant challenges, including the need to complete a business combination by the extended deadline to avoid mandatory liquidation. The company has expressed uncertainty regarding its ability to meet this timeline, emphasizing the potential impact of market conditions and other external factors on its operations. The management remains committed to finalizing the proposed business combination and is actively working towards this goal.
About Relativity Acquisition Corp
Relativity Acquisition Corp. is a blank check company focused on effecting initial business combinations, primarily in the legalized cannabis industry but also exploring other sectors such as consumer goods, health, technology, and pharmaceuticals. It raises capital through an initial public offering and private placements, with a goal to acquire or merge with target companies, providing them access to public markets, capital, and growth opportunities.
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