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) generates news primarily through its activities as a special purpose acquisition company and through its relationship with its sponsor, Rithm Capital Corp. News coverage often focuses on its initial public offering details, trading of its units, Class A ordinary shares and warrants on the New York Stock Exchange, and its stated intention to pursue a business combination.
Because Rithm Acquisition Corp. is a blank check company, investors and analysts follow its news to understand how it is progressing toward identifying and negotiating with potential targets. The company has disclosed that it intends to target businesses in the financial services and real estate sectors and expects to evaluate digital infrastructure opportunities, including those at the convergence of infrastructure and technology. Updates related to this focus, such as announcements about evaluation of potential targets or a proposed transaction, can be important for RAC shareholders.
RAC’s sponsor, Rithm Capital Corp., is a global asset manager focused on real estate, credit and financial services, and it operates several wholly owned operating businesses. News about Rithm Capital’s broader platform, including its asset management and mortgage-related businesses, may provide additional context for how the sponsor’s experience could influence the SPAC’s approach to selecting a business combination partner.
On Stock Titan, the Rithm Acquisition Corp. news page aggregates press releases and market updates related to the SPAC, its securities, and its sponsor. Readers can use this page to monitor developments around its NYSE-listed units, shares and warrants, as well as any future announcements regarding its search for a suitable business combination within its stated sectors of interest.
Rithm Acquisition Corp (NYSE:RAC) received a written notice from the NYSE on January 26, 2026, citing noncompliance with Section 802.01B for failing to maintain a minimum of 300 public stockholders. The company has 45 days to file a compliance plan and intends to submit a business plan to return to compliance within 18 months. If the NYSE approves the plan, the company's securities will remain listed and tradable during the cure period, subject to ongoing NYSE review and other listing standards.
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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