Axisymmetric force-free equilibrium eigenstates for a prolate as well as an oblate spheroidal Spheromak with arbitrary elongation are obtained. In the framework of the Woltjer-Taylor relaxation theory the relaxed states are also identified. A simple hypothesis for the relaxation process is introduced, which implies that the plasma relaxes from multitoroidal formations to a singly toroidal configuration in qualitative agreement with experimental results.