# EDGAR Filing Document

**Accession Number:** 0001860484
**File Stem:** 0001213900-23-022493
**Filing Date:** 2023-3
**Character Count:** 22141
**Document Hash:** 0ec3553e769a2854de2356a3a09e6366
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-022493.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001213900-23-022493

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230320

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Relativity Acquisition Corp
- **CENTRAL INDEX KEY:** 0001860484
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 863244927
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41283
- **FILM NUMBER:** 23757119

**BUSINESS ADDRESS:**
- **STREET 1:** 3753 HOWARD HUGHES PARKWAY, SUITE 200
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89619
- **BUSINESS PHONE:** 3107019520

**MAIL ADDRESS:**
- **STREET 1:** 3753 HOWARD HUGHES PARKWAY, SUITE 200
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89619

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Relativity Acquisition Corporation
- **DATE OF NAME CHANGE:** 20210504

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): March 23, 2023 (**March 20, 2023)**

**Relativity Acquisition Corp.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-41283** | **86-3244927** |
| (State or other jurisdiction <br> of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

**c/o 3753 Howard Hughes Pkwy**

**Suite 200**

**Las Vegas, NV 89169**

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(888) 710-4420**

**Not Applicable** (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Units, each consisting of one share of Class A common stock, and one redeemable warrant | RACYU | The Nasdaq Stock Market LLC |
| Class A Common Stock, par value $0.0001 per share | RACY | The Nasdaq Stock Market LLC |
| Redeemable warrants, each warrant exercisable for one share of Class A common stock at an exercise price of $11.50 | RACYW | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If 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. ☐

**Item 1.01 Entry Into a Material Definitive Agreement.**

As previously disclosed by Relativity Acquisition Corp., a Delaware corporation ("**Relativity**"), in its Current Report on Form 8-K that was filed on February 17, 2023 with the Securities and Exchange Commission ("**SEC**"), Relativity entered into a business combination agreement (the "**Business Combination Agreement**") on February 13, 2023 with (i) Relativity Holdings Inc., a Delaware corporation and a wholly owned subsidiary of Relativity, (ii) Relativity Purchaser Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Pubco, (iii) SVES GO, LLC, a Florida limited liability company, SVES LLC, a Florida limited liability company, SVES CP LLC, a Florida limited liability company, and SVES Apparel LLC, a Florida limited liability company ("**SVES**"), (iv) SVGO LLC, ESGO LLC, SV Apparel LLC and ES Business Consulting LLC, (v) Timothy J. Fullum and Salomon Murciano, (vi) Relativity Acquisition Sponsor, LLC, a Delaware limited liability company, in the capacity as the Purchaser Representative (the "**Purchaser Representative**"), and (vii) Timothy J. Fullum, in the capacity as the Seller Representative (the "**Seller Representative**"). Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed thereto in the Business Combination Agreement.

On March 20, 2023, Relativity, the Purchaser Representative and the Seller Representative entered into the First Amendment to the Business Combination Agreement (the **"First BCA Amendment**"), pursuant to which the parties amended the Business Combination Agreement in order to extend the Due Diligence Period from 5:00 pm on March 15, 2023 to 5:00 pm on April 7, 2023.

The foregoing description of the First BCA Amendment is not complete and is qualified in its entirety by reference to the full text of the First BCA Amendment, a copy of which is filed as Exhibit 2.1 hereto and is incorporated herein by reference.

***Forward-Looking Statements***

 

This report contains, and certain oral statements made by representatives of Relativity and SVES and their respective affiliates, from time to time may contain, "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Relativity's and SVES's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "anticipate," "believe," "budget," "continues," "could," "expect," "estimate," "forecast," "future," "intend," "may," "might," "strategy," "opportunity," "plan," "possible," "potential," "project," "will," "should," "predicts," "scales," "representative of," "valuation" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Relativity's and SVES's expectations with respect to future performance of SVES, anticipated financial impacts of the Transaction (including future revenue, pro forma enterprise value and cash balance), the anticipated addressable market for SVES, the satisfaction of the closing conditions to the Transaction, the future held by the respective management teams of Relativity and SVES, the valuation of SVES, the level of redemptions of Relativity's public stockholders and the timing of the closing of the Transaction. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Relativity and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Transaction Agreement; (2) the failure of SVES to find financing in connection with the Transaction; (3) the inability to consummate the Transaction in a timely manner or at all, including due to failure to obtain approval of the stockholders of Relativity or other conditions to the closing in the Transaction Agreement, which may adversely affect the price of Relativity's securities; (4) delays in obtaining or the inability to obtain any necessary regulatory approvals required to complete the Transaction; (5) the risk that the Transaction may not be completed by Relativity's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Relativity; (6) the ability to maintain the listing of Relativity's securities on a national securities exchange; (7) the inability to obtain or maintain the listing of the combined company's securities on The Nasdaq Stock Market following the Transaction; (8) the risk that the Transaction disrupts current plans and operations as a result of the announcement and consummation of the Transaction; (9) the ability to recognize the anticipated benefits of the Transaction and to achieve its commercialization and development plans, and to identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of SVES to grow and manage growth economically and to hire and retain key employees; (10) costs related to the Transaction; (11) changes in applicable laws or regulations and SVES's ability to comply with such laws and regulations; (12) the effect of the COVID-19 pandemic on Relativity or SVES and their ability to consummate the Transaction; (13) the outcome of any legal proceedings that may be instituted against SVES or against Relativity related to the Transaction Agreement or the Transaction; (14) the enforceability of SVES's intellectual property, including its patents and the potential infringement on the intellectual property rights of others, (15) the risk of downturns in the highly competitive industry in which SVES operates; (16) the possibility that Relativity or SVES may be adversely affected by other economic, business and/or competitive factors; and (17) other risks and uncertainties to be identified in the Registration/Proxy Statement (when available) relating to the Transaction, including those under "Risk Factors" therein, and in other filings with the SEC made by Relativity or SVES. Relativity and SVES caution that the foregoing list of factors is not exclusive and caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Readers are referred to the most recent reports filed with the SEC by Relativity. None of Relativity or SVES undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.

***Additional Information and Where to Find It***

Relativity and SVES will file relevant materials with the Securities and Exchange Commission (the "**SEC**"), including a Form S-4 (the "**Registration Statement**") to be filed by Relativity, which will include a prospectus with respect to Relativity's securities to be issued in connection with the Transaction, and a proxy statement of Relativity (the "**Proxy Statement**"), to be used at the meeting of Relativity's stockholders to approve the proposed business combination and related matters. INVESTORS AND SECURITY HOLDERS OF RELATIVITY ARE URGED TO READ THE REGISTRATION STATEMENT, ANY AMENDMENTS THERETO AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT SVES, RELATIVITY AND THE BUSINESS COMBINATION. When available, the Proxy Statement contained in the Registration Statement and other relevant materials for the Transaction will be mailed to stockholders of Relativity as of a record date to be established for voting on the proposed business combination. Investors and security holders will also be able to obtain copies of the Registration Statement, including the Proxy Statement contained therein, and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC's web site at www.sec.gov.

***Participants in the Solicitation***

Relativity and SVES and their respective directors and officers and other members of management and employees may be deemed participants in the solicitation of proxies in connection with the proposed Transaction. Relativity stockholders and other interested persons may obtain, without charge, more detailed information regarding directors and officers of Relativity in the final prospectus filed with the SEC on February 14, 2022, the Registration Statement / Proxy Statement and other relevant materials filed with the SEC in connection with the proposed business combination when they become available. These documents can be obtained free of charge from the sources indicated above.

***No Offer or Solicitation***

The disclosure herein shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 2.1 | [First Amendment to Business Combination Agreement, dated as of March 20, 2023, by and among Relativity, the Purchaser Representative, and the Seller Representative](ea175620ex2-1_relativity.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  | **RELATIVITY ACQUISITION CORP.** | **RELATIVITY ACQUISITION CORP.** | **RELATIVITY ACQUISITION CORP.** |
|  | By: | /s/ *Tarek Tabsh* | /s/ *Tarek Tabsh* |
|  |  | Name: | *Tarek Tabsh* |
|  |  | Title: | Chief Executive Officer |
| Dated: March 23, 2023 |  |  |  |

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## Exhibit 2.1

**Exhibit 2.1**

***Execution Version***

 

**FIRST AMENDMENT TO BUSINESS COMBINATION AGREEMENT**

This First Amendment to Business Combination Agreement (this "***First Amendment***") is made and entered into as of March 20, 2023, by and among (i) Relativity Acquisition Corp., a Delaware corporation (together with its successors, the "***Purchaser***"), (ii) Relativity Acquisition Sponsor, LLC, a Delaware limited liability company, in the capacity as the representative from and after the Effective Time (as defined in the Original Agreement) for the stockholders of Pubco (other than the Sellers) in accordance with the terms and conditions of the Original Agreement (the "***Purchaser Representative***"), and (iii) Timothy J. Fullum in the capacity as the representative from and after the date of the Original Agreement for the Sellers in accordance with the terms and conditions of the Original Agreement (the "***Seller Representative***"). The Purchaser, the Purchaser Representative, and the Seller Representative are sometimes referred to herein individually as a "***Party***" and, collectively, as the "***Parties***". Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Original Agreement.

**RECITALS:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Parties, Relativity Holdings Inc., a Delaware corporation and a wholly owned subsidiary of the Purchaser ("***Pubco***"), Relativity Purchaser Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Pubco, SVES GO, LLC, a Florida limited liability company, SVES LLC, a Florida limited liability company, SVES CP LLC, a Florida limited liability company and SVES APPAREL LLC, a Florida limited liability company, SVGO LLC, ESGO LLC, SV Apparel LLC and ES Business Consulting LLC (each, a "***Seller***" and collectively, the "***Sellers***", and Timothy J. Fullum and Salomon Murciano are parties to that certain Business Combination Agreement made and entered into as of February 13, 2023 (the "***Original Agreement***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Parties desire to amend the Original Agreement in accordance with Section 10.9 thereof (as amended from time to time, including by this First Amendment, the "***Business Combination Agreement***") on the terms and conditions set forth herein.

**NOW, THEREFORE**, in consideration of the premises set forth above, and the other provisions contained in this First Amendment, and intending to be legally bound hereby, the Parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Amendments to Business Combination Agreement</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The second sentence of Section 6.3 of the Original Agreement is hereby deleted in its entirety and replaced with the following:

"Each Party agrees that (i) Purchaser shall have until 5:00 p.m. on April 7, 2023, to conduct additional due diligence (the "Due Diligence Period") on the Target Companies to determine whether any facts exist that would result, individually or in the aggregate, in a reduction of the valuation of the Target Companies by an amount equal to or greater than five percent (5%) of the Contribution Consideration (such 5% reduction in valuation, a "Material Reduction") and (ii) notwithstanding anything herein to the contrary, the Sellers, prior to 5:00 p.m. on February 21, 2023, shall deliver the Company Disclosure Schedules to the Purchaser."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Miscellaneous</u>. Except as expressly provided in this First Amendment, all of the terms and provisions in the Original Agreement are and shall remain unchanged and in full force and effect, on the terms and subject to the conditions set forth therein. This First Amendment does not constitute, directly or by implication, an amendment or waiver of any provision of the Original Agreement, or any other right, remedy, power or privilege of any party, except as expressly set forth herein. Any reference to the Business Combination Agreement in the Business Combination Agreement or any other agreement, document, instrument or certificate entered into or issued in connection therewith shall hereinafter mean the Original Agreement, as amended by this First Amendment (or as the Business Combination Agreement may be further amended or modified after the date hereof in accordance with the terms thereof). The Original Agreement, as amended by this First Amendment, together with the documents or instruments attached hereto or thereto or referenced herein or therein, constitutes the entire agreement between the parties with respect to the subject matter of the Business Combination Agreement, and supersedes all prior agreements and understandings, both oral and written, between the Parties with respect to its subject matter. If any provision of the Original Agreement is materially different from or inconsistent with any provision of this First Amendment, the provision of this First Amendment shall control, and the provision of the Original Agreement shall, to the extent of such difference or inconsistency, be disregarded. This First Amendment shall be interpreted, construed, governed and enforced in a manner consistent with the Original Agreement, and, without limiting the foregoing, Section 9.1 and Sections 10.1 through 10.15 of the Original Agreement are hereby incorporated herein by reference as if fully set forth herein, and such provisions apply to this First Amendment as if all references to the "Agreement" contained therein were instead references to this First Amendment.

***{REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOLLOWS}***

 ****

IN WITNESS WHEREOF, each Party hereto has caused this First Amendment to be signed and delivered as of the date first written above.

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| | | | |
|:---|:---|:---|:---|
| | *<u>The Purchaser</u>:* | *<u>The Purchaser</u>:* | *<u>The Purchaser</u>:* |
|  | **RELATIVITY ACQUISITION CORP.** | **RELATIVITY ACQUISITION CORP.** | **RELATIVITY ACQUISITION CORP.** |
|  | By: | /s/ Tarek Tabsh | /s/ Tarek Tabsh |
|  |  | Name: | Tarek Tabsh |
|  |  | Title: | Chief Executive Officer |
| | *<u>The Purchaser Representative</u>:* | *<u>The Purchaser Representative</u>:* | *<u>The Purchaser Representative</u>:* |
|  | **RELATIVITY ACQUISITION SPONSOR, LLC,** | **RELATIVITY ACQUISITION SPONSOR, LLC,** | **RELATIVITY ACQUISITION SPONSOR, LLC,** |
|  | **solely in the capacity as the Purchaser** | **solely in the capacity as the Purchaser** | **solely in the capacity as the Purchaser** |
|  | Representative hereunder | Representative hereunder | Representative hereunder |
|  | By: | /s/ Tarek Tabsh | /s/ Tarek Tabsh |
|  |  | Name: | Tarek Tabsh |
|  |  | Title: | Managing Member |

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***[Signature Page to First Amendment to Business Combination Agreement]***

 ****

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| | |
|:---|:---|
| | *<u>The Seller Representative</u>:* |
|  | **Timothy J. Fullum**, solely in the capacity as |
|  | the Seller Representative hereunder |
|  | /s/ Timothy J. Fullum |
|  | Timothy J. Fullum |

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 ****

***[Signature Page to First Amendment to Merger Agreement]***