Relativity Acquisition's Post-Merger Entity to be Named Instinct Bio Tech Holdings, List on NASDAQ as 'BIOT'
Summary
Relativity Acquisition Corp. announced that the combined company, following its business combination, will be named Instinct Bio Tech Holdings and is set to list on NASDAQ under the ticker symbols 'BIOT' and 'BIOTW'. This critical update follows the shareholder approval of the merger with Instinct Bio Tech, which was reported yesterday. The announcement provides essential details regarding the new corporate identity and public listing, signaling the final stages of the de-SPAC transaction. Traders will now monitor for the official closing date of the merger and the commencement of trading under the new ticker.
At the time of this announcement, ACQC was trading at $12.26 on OTC in the Life Sciences sector, with a market capitalization of approximately $52.8M. The 52-week trading range was $2.00 to $35.22. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.