Rithm Acquisition Corp.
RAC
New York Stock Exchange10.44
USD
- -
- -
CIK
0002047497
ISIN
KYG757511004
CUSIP
G75751100
Return %
Stock
S&P500
1Y
1.75
18.21
3Y
5.56
63.29
5Y
5.56
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Nierenberg
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 799 Broadway, 8th Floor New York City NY United States of America 10003
- IPO Date
- Feb 27, 2025
- CIK
- 0002047497
- Website
- rithmacquisitioncorp1.com
- Similar Companies
- Business
- Rithm Acquisition Corp. (NYSE: RAC) is a blank check company sponsored by an affiliate of Rithm Capital Corp. that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, primarily targeting the financial services, real estate and digital infrastructure sectors. Incorporated in 2024 as a Cayman Islands exempted company and headquartered at 799 Broadway, 8th Floor, New York, New York, the company offers investors redeemable Class A ordinary shares and warrants through its public units; each unit comprises one Class A ordinary share and one-third of one redeemable warrant exercisable for one Class A ordinary share at $11.50 per share, with separate trading of shares under RAC and warrants under RAC.WS commencing April 21, 2025. The company leverages the extensive M&A experience, operational expertise and global platform of Rithm Capital Corp., which employs over 6,500 people worldwide and has completed transactions totaling approximately $7.5 billion in enterprise value across financial services and real estate verticals. Rithm Acquisition Corp. priced its initial public offering of 20 million units at $10.00 per unit on February 26, 2025, raising $200 million (upsized to $230 million), with units listed on the New York Stock Exchange under RAC.U commencing February 27, 2025 and closing on February 28, 2025; underwritten by Citigroup, BTIG and UBS Investment Bank, the IPO proceeds fund its search for a business combination target where no substantive discussions have been initiated as of the latest disclosures. As of June 30, 2025, the company holds approximately $233.37 million in a trust account generating interest income, reports net income driven by trust investments and maintains working capital outside the trust, while noting substantial doubt about its going concern status absent completing an initial business combination within the standard 24-month tenor plus extensions.
Rubrik Announces Upcoming Integration with Amazon Bedrock AgentCore to Secure AI Agents
Rubrik Announces Upcoming Integration with Amazon Bedrock AgentCore to Secure AI Agents
Global Systems Integrators Partner with Rubrik to Deliver Rubrik Agent Cloud for Anthropic's Claude Code
Rubrik Launches Rubrik Agent Cloud for Anthropic's Claude Code
Rithm Acquisition Corp. Receives Noncompliance Notice from the New York Stock Exchange Regarding Minimum Public Stockholders
Race to engage investors with June showcase and Brisbane briefing