Relativity Acquisition Corp Signs Letter of Intent to Merge with Mazaii for $500 Million

Relativity Acquisition Corp., special purpose acquisition company announced today that it has signed a letter of intent providing for a proposed business combination in which Relativity will acquire 100% of the equity and equity equivalents of Mazaii Corp Ltd The transaction values ​​the Company at an initial enterprise value of US$ 500 million dollars.

Mazaii is Montreal-an innovator in the iGaming industry, specializing in the creation and distribution of cutting-edge online casino games and betting solutions. The company delivers its advanced gaming content and technologies to prominent brands in the sector, enhancing their platforms and player experiences. Through strategic acquisitions, Mazaii Corp expands its market reach and strengthens its product offering in key regions, including Europe, North America, Latin AmericaAND Asia.

Tarek TabszCEO and Chairman of Relativity Acquisition Corp., said: “The iGaming industry is experiencing rapid growth, with increasing acceptance and legalization across regions. Growing consumer demand, driven by increasing smartphone penetration and internet access, is further driving this expansion. Mazaii’s international platform provides significant opportunity for scalability and revenue growth. This transaction will strengthen Mazaii’s competitive advantage and market position.”

Eli BaazovMazaii CEO stated, “We are excited to share Mazaii’s transformational journey in revolutionizing the online gaming arena. We have strengthened our position, expanded our market reach, and enhanced our innovative service offering. With our internal intellectual property and continued organic growth, we are confident in our ability to disrupt the gaming landscape and deliver highly beneficial outcomes for our shareholders beyond 2024. This is just the beginning of our journey, and we are excited to shape the future of the gaming industry.”

The completion of the transaction is subject to several factors, including the completion of due diligence, negotiations of a definitive agreement, satisfaction of the conditions thereto, applicable regulatory approvals and approval of the transaction by the boards and shareholders of both companies. Once a definitive agreement is reached, the parties will disclose additional details regarding the proposed transaction. The transaction is expected to close in the second half of this year, barring any unforeseen circumstances.

About Relativity Acquisition Corp.

Relativity Acquisition Corp. is a blank check company sponsored by Relativity Acquisition Sponsor LLC, Delaware a limited liability company formed for the purpose of effecting a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

About Maaii Corp Ltd.

Mazaii Corp Ltd. is a company Montreal-an innovator in the iGaming industry, specializing in the creation and distribution of cutting-edge online casino games and betting solutions. The company delivers its advanced gaming content and technologies to prominent brands in the sector, enhancing their platforms and player experiences. Through strategic acquisitions, Mazaii Corp expands its market reach and strengthens its product offering in key regions, including Europe, North America, Latin AmericaAND Asia.