Relativity Acquisition said a confidential S-4 submission was made to the SEC outlining the SPAC's proposed business combination SVES, an off-price apparel distribution company based in Florida.

Announced in February, the deal has a pro forma enterprise value of $707.25 million.

SVES was founded in 2017 to fill a gap in the retail supply chain by providing full-price retail fashion brands an efficient and effective way to monetize overstocked items.

Initially focused on cannabis companies, Relativity raised $143.75M in a February 2022 ipo. Read more.

Source: Relativity Acquisition Files Confidential S-4 on Proposed Merger with SVES