Welcome to our dedicated page for Rithm Acquisition news (Ticker: RAC), a resource for investors and traders seeking the latest updates and insights on Rithm Acquisition stock.
Rithm Acquisition Corp (RAC), a special purpose acquisition company (SPAC), provides investors with a structured pathway to emerging market opportunities through strategic mergers. This page serves as the definitive source for RAC-related news, offering timely updates on acquisition targets, regulatory filings, and capital market activity.
Access curated press releases, merger announcements, and investor communications in one centralized location. Track RAC's progress in identifying high-potential businesses, reviewing SEC disclosures, and executing its blank-check company mandate. The resource prioritizes clarity on due diligence processes and market positioning without speculative commentary.
Key updates include potential acquisition targets, partnership developments, and filings related to RAC's SPAC lifecycle. Investors gain insights into how the company evaluates market trends while maintaining compliance with public listing requirements.
Bookmark this page for streamlined access to RAC's evolving story in the SPAC landscape. Regularly updated content ensures you stay informed on critical developments shaping this investment vehicle's trajectory.
Rithm Capital (NYSE: RITM) reported Q1 2025 financial results with GAAP net income of $36.5 million ($0.07 per diluted share), down from $263.2 million in Q4 2024. Earnings available for distribution reached $275.3 million ($0.52 per diluted share), while maintaining a quarterly dividend of $0.25 per share.
Key achievements include completing an $878 million MSR-backed secured financing, the largest of its kind, and two non-qualified mortgage securitizations totaling $634 million. The company's servicing platform Newrez posted pre-tax income of $270.1 million with total servicing UPB reaching $845 billion. Genesis Capital recorded $22.4 million in pre-tax income with record Q1 origination volume of $895 million. Sculptor Capital grew to approximately $35 billion in AUM, with $1.4 billion in fundraising inflows.
Rithm Acquisition Corp. (NYSE: RAC.U), a blank check company, has announced that starting April 21, 2025, unit holders from its initial public offering can separately trade Class A ordinary shares and warrants. The separated securities will trade on the NYSE under symbols 'RAC' and 'RAC.WS', while unseparated units continue under 'RAC.U'.
The SPAC, sponsored by an affiliate of Rithm Capital Corp., targets companies in the financial services and real estate sectors, with a focus on digital infrastructure opportunities. The offering's joint book-running managers were Citigroup Global Markets, BTIG, and UBS Investment Bank. The SEC declared the registration statement effective on February 26, 2025.
Rithm Acquisition Corp has announced the pricing of its initial public offering (IPO) of 20,000,000 units at $10.00 per unit, totaling $200 million. The units will trade on the New York Stock Exchange under 'RAC.U' starting February 27, 2025.
Each unit comprises one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant allows purchasing one Class A share at $11.50. Once separate trading begins, shares and warrants will trade as 'RAC' and 'RAC.WS' respectively.
The IPO, expected to close February 28, 2025, is managed by Citigroup Global Markets, BTIG, and UBS Investment Bank. Underwriters have a 45-day option to purchase up to 3,000,000 additional units to cover over-allotments.
Rithm Acquisition Corp has announced the pricing of its initial public offering (IPO) of 20,000,000 units at $10.00 per unit, totaling $200 million. The units will trade on the New York Stock Exchange under the symbol 'RAC.U' starting February 27, 2025.
Each unit comprises one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant allows holders to purchase one Class A ordinary share at $11.50 per share. Once separate trading begins, the shares and warrants will trade under 'RAC' and 'RAC.WS' respectively.
The offering, expected to close on February 28, 2025, is managed by Citigroup Global Markets, BTIG, and UBS Investment Bank. Underwriters have a 45-day option to purchase up to 3,000,000 additional units to cover over-allotments.
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