Instinct Brothers Co., Ltd., along with its affiliated
entities—Hiroki Global Co., Ltd, Artisans Production Co., Ltd,
Instinct RAS Co., Ltd (collectively, “Instinct Brothers” or the
“Company”)—a vertically integrated regenerative medicine and stem
cell technology company based in Japan, and
Relativity
Acquisition Corp. (“Relativity”), a special purpose
acquisition company, today announced that they have entered into a
definitive business combination agreement (the “Merger Agreement”)
that will result in Instinct Brothers becoming a wholly-owned
subsidiary of Relatively upon the closing of the transaction
contemplated therein (the “Proposed Transaction”) in accordance
with the terms and conditions in the Merger Agreement.
Upon closing the Proposed Transaction, the
combined company will operate under the name Instinct
Bio Technical Company Inc. (the “Combined
Company”) and intends to list on the NASDAQ Stock
Exchange under the ticker symbol ‘BIOT’.
A Pioneering, Vertically Integrated
Platform for Regenerative Medicine
With a mission to harness the transformative
power of stem cell science, Instinct Brothers has built an
ecosystem that integrates stem-cell-based
cosmeceuticals, research and development, university partnerships,
proprietary manufacturing, industry-leading alliances, global
distribution, branding, direct-to-consumer retail, medical
consulting and total coordination service for franchise medical
clinics, and clinical application research in regenerative
medicine.
By leveraging a high-quality stem cell
culture medium with over 380 cytokines and growth factors,
Instinct Brothers has positioned itself in the field of stem
cell-derived skincare. Through its franchise GENREVER
Clinic, the Company has developed a structured model
for stem cell-based regenerative therapies
targeting anti-aging, immune support, regenerative treatments,
and disease prevention.
Additionally, Instinct Brothers owns and
operates ARTISANS PRODUCTION CO.,
LTD, an ISO 9001-certified manufacturing
facility, allowing for seamless production of cosmeceuticals and
medical-grade regenerative products. This facility enables
precision manufacturing, stringent quality control, and continuous
innovation, reinforcing Instinct Brothers' commitment to excellence
in stem cell technology and regenerative medicine.
The Instinct Brothers management team, led by
its founder Tomoki Nagano, will continue to run the Combined
Company after the closing of the Proposed Transaction.
Tomoki Nagano, Group Chairman and Chief
Executive Officer of Instinct Brothers, said:"This
transaction marks a transformational milestone for Instinct
Brothers, positioning us to accelerate our global expansion and
enhance access to cutting-edge stem cell-based therapies. Going
public will allow us to scale our operations, broaden our clinical
footprint, and fuel the development of new regenerative treatments
that improve health and longevity. We are committed to bringing
life-changing solutions to a global audience with plans to expand
our clinic model into Malaysia and Indonesia, construct new clinics
in Japan, and advance our Cell Processing Center joint
venture."
Tarek Tabsh, Chief Executive Officer of
Relativity Acquisition Corp., commented:"Perinatal stem
cells have an intrinsic capacity to repair and regenerate targeted
tissues, and unique adaptability that makes them a promising
frontier for regenerative medicine application potential. Instinct
Brothers has built a well-integrated business that delivers
scientific innovation from the bench to the bedside.
Their vertically integrated platform, spanning research,
manufacturing, distribution, retail, and clinical application,
positions them uniquely for expansion into adjacent markets. We are
excited to support their journey as they continue to deliver the
next generation of regenerative medicine."
Transaction Overview
Under the terms of the Merger
Agreement, Relativity will acquire all issued and
outstanding shares of Instinct Brothers, making it a wholly owned
subsidiary of Relativity. As part of the Proposed Transaction,
Instinct Brothers will become a publicly traded entity under the
name “Instinct Bio Technical Company Inc.” The
Proposed Transaction values the Combined Company at an
estimated pro forma enterprise value of approximately
$242 million. The Proposed Transaction is expected to
close in Q3 2025, subject to approval
by Relativity’s stockholders and other customary closing
conditions outlined in the Merger
Agreement.
Advisors
Chardan Capital Markets LLC is the
exclusive M&A and Capital Markets advisor to Instinct Brothers
Holdings. Darryl, Edward & Co. is a legal advisor for
Instinct Brothers Holdings.
Loeb & Loeb LLP and Barnett &
Linn LLP serve as legal advisors to Relativity
Acquisition Corp.
About Instinct Brothers
Instinct Brothers is a vertically
integrated Japanese company specializing in stem cell technology
and regenerative medicine, encompassing research and development,
manufacturing, distribution, retail, and clinical
applications. Founded in 2017, Instinct Brothers is led
by industry expert Tomoki Nagano, Group Chairman and Chief
Executive Officer, an industry expert with a vision to drive
innovation in regenerative medicine. The Company’s mission is
to advance stem cell science, enhance patient outcomes, and
pioneer the next generation of stem cell-based therapies.
About Relativity Acquisition
Corp.
Relativity Acquisition Corp. is a blank
check company sponsored by Relativity Acquisition Sponsor
LLC, a Delaware limited liability company, formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization, or similar business
combination with one or more businesses.
Additional Information and Where to Find
It
In connection with the Proposed Transaction,
Relativity and Instinct Brothers intends to file a Registration
Statement on Form F-4 (the “Form F-4”) with the United States
Securities and Exchange Commission ( the “SEC”), which will include
a preliminary prospectus with respect to its securities to be
issued in connection with the Proposed Transaction and a
preliminary proxy statement with regard to Relativity’s stockholder
meeting at which Relativity’s stockholders will be asked to vote on
the Proposed Transaction. Relativity’s investors, stockholders and
other interested persons are advised to read, when available, the
Form F-4, including the proxy statement/prospectus, any amendments
thereto and any other documents filed with the SEC, because these
documents will contain important information about the proposed
business combination. After the Form F-4 has been filed and
declared effective, Relativity will mail the definitive proxy
statement/prospectus to stockholders of Relativity as of a record
date to be established for voting on the business combination.
Relativity stockholders will also be able to obtain a copy of such
documents, without charge, by directing a request to: Relativity
Acquisition Corp., 3753 Howard Hughes Parkway, Suite 200 Las Vegas,
Nevada 89169; e-mail: info@relativityacquisitions.com. These
documents, once available, can also be obtained, without charge, at
the SEC’s website www.sec.gov.
Participants in the
Solicitation
Relativity and its directors and officers may be
deemed participants in soliciting proxies of Relativity’s
stockholders in connection with the proposed business combination.
Security holders may obtain more detailed information regarding the
names, affiliations and interests of certain of Relativity’s
executive officers and directors in the solicitation by reading
Relativity’s final prospectus filed with the SEC on February 14,
2022, the proxy statement/prospectus and other relevant materials
filed with the SEC in connection with the business combination when
they become available. Information concerning the interests of
Relativity’s participants in the solicitation, which may, in some
cases, be different from those of their stockholders generally,
will be set forth in the proxy statement/prospectus relating to the
business combination when it becomes available.
No Offer or Solicitation
This press release does not constitute an offer
to sell or a solicitation of an offer to buy, or the solicitation
of any vote or approval in any jurisdiction in connection with a
proposed potential business combination among Relativity and
Instinct Brothers or any related transactions, nor shall there be
any sale, issuance or transfer of securities in any jurisdiction
where, or to any person to whom, such offer, solicitation or sale
may be unlawful. Any offering of securities or solicitation of
votes regarding the proposed transaction will be made only by means
of a proxy statement/prospectus that complies with applicable rules
and regulations promulgated under the Securities Act of 1933, as
amended (the “Securities Act”), and Securities Exchange Act of
1934, as amended, or pursuant to an exemption from the Securities
Act or in a transaction not subject to the registration
requirements of the Securities Act.
Forward Looking Statements
This press release may include, and oral
statements made from time to time by representatives of the Company
may include “forward-looking statements”. Statements regarding
possible business combinations and the financing thereof, and
related matters, as well as all other statements other than
statements of historical fact included in this press release, are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the Form
F-4 and prospectus to be filed with the SEC. The Company and
Relativity undertake no obligation to update these statements for
revisions or changes after the date of this release except as
required by law.
Contact Information
Instinct Brothers Co., Ltd.
Email: ir@instinct-biot.com
Website: https://instinct-bro.com/
Relativity Acquisition
Corp.
Email: info@relativityacquisitions.com
Website: www.relativityacquisitions.com
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