Relativity Acquisition Corp. reported a net loss of $954,647 for the three months ending September 30, 2025, a significant decline from a net income of $242,417 during the same period in 2024. The loss for the nine months ending September 30, 2025, totaled $1,549,713, compared to a loss of $196,776 in the prior year. The company's general and administrative expenses increased to $291,304 for the third quarter of 2025, up from $100,563 in 2024, while the change in the fair value of warrant liabilities contributed to the losses, amounting to $668,780 in the latest quarter.
The company has seen a notable increase in its liabilities, which rose to $4,248,231 as of September 30, 2025, compared to $2,666,407 at the end of 2024. This increase is attributed to higher accrued costs and expenses, which reached $2,376,515, up from $1,998,193 in the previous year. The cash held in the Trust Account also increased slightly to $786,345 from $769,267, reflecting the funds raised during the initial public offering (IPO) and subsequent transactions.
Strategically, Relativity Acquisition Corp. has extended its deadline to complete a business combination to February 15, 2026, following several extensions approved by stockholders. The company has also entered into a Business Combination Agreement with Instinct Brothers Co., Ltd., which involves a merger that will result in the acquisition of the operating company for $200 million in common stock. This agreement is part of the company's ongoing efforts to identify and finalize a target for its initial business combination.
As of September 30, 2025, the company had 62,488 public shares outstanding, down from 63,241 at the end of 2024, following stockholder redemptions. The company has also incurred administrative service fees of $30,000 for the quarter, totaling $90,000 for the nine months, as it continues to manage operational costs while pursuing its business combination goals. The outlook remains uncertain, with management expressing concerns about liquidity and the ability to complete a business combination within the extended timeframe, which could lead to mandatory liquidation if not achieved.
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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