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Nasdaq notifies Relativity Acquisition of potential delisting

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  • Nasdaq has notified Relativity Acquisition (NASDAQ:RACY) that the company was not in compliance with the stock exchange's listing rules, and the staff has determined delisting of the shares.
  • The company was not in compliance with the rules that require a minimum of $50M market value of listed securities, a minimum 1.1M publicly-held shares and a minimum of $15M in market value of publicly-held shares.
  • Additionally, the company does not comply with either of the alternative requirements for continued listing.
  • Relativity Acquisition has requested a hearing before the Nasdaq Hearings Panel to appeal the delisting determination.
  • Source: Press Release

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