Relativity Acquisition Corp. reported a net loss of $131,288 for the three months ended June 30, 2025, compared to a net loss of $202,398 for the same period in 2024. The company's general and administrative expenses increased to $190,870 from $119,047 year-over-year. For the six months ending June 30, 2025, the net loss was $595,066, up from $439,194 in the prior year. The increase in losses is attributed to higher operational costs, although the company also recorded a gain from the change in the fair value of warrant liabilities, which positively impacted the financial results.
In terms of significant changes, Relativity Acquisition Corp. has extended its deadline to complete a business combination to February 15, 2026, following multiple extensions approved by stockholders. The company has faced challenges with stockholder redemptions, with 14,221,705 shares redeemed in December 2022 and additional redemptions in February 2024 and February 2025, resulting in a decrease in outstanding shares. As of June 30, 2025, the company had 62,488 public shares outstanding, down from 63,241 at the end of 2024.
Operationally, the company has not yet commenced any revenue-generating activities, as it remains focused on identifying a target for its business combination. As of June 30, 2025, Relativity held $782,875 in its Trust Account, which is designated for use in a future business combination. The company has also incurred administrative service fees of $30,000 for the three months ended June 30, 2025, consistent with prior periods, indicating ongoing operational expenses as it prepares for a potential merger.
Looking ahead, Relativity Acquisition Corp. is actively pursuing a business combination and has entered into a Business Combination Agreement with Instinct Brothers Co., Ltd. The transaction is expected to involve a merger, with the company aiming to complete the deal as soon as possible. However, the company has expressed uncertainty regarding its ability to finalize the business combination by the extended deadline, raising concerns about its liquidity and going concern status. The company has indicated that it may need to secure additional financing to meet operational costs and complete the business combination, emphasizing the importance of timely execution in the coming months.
About Relativity Acquisition Corp
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