Every 10-Q that Rithm Acquisition Corp. (RAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RAC filings page.
Rithm Acquisition Corp., a Cayman Islands SPAC, reported results for the quarter ended June 30, 2026. The company has not begun operating a target business; activity relates to its IPO and search for a Business Combination.
Total assets were $243.1 million, including $242.9 million of cash in a trust account invested in demand deposits. Class A ordinary shares subject to possible redemption totaled 23,000,000 at a redemption value of $10.56 per share. Net income was driven by interest on trust assets, with quarterly net income of $2.0 million and $6.2 million for the nine months, while general and administrative costs were modest.
The company had $8,764 of cash outside the trust and working capital of $161,099, with a deferred underwriting fee liability of $8.1 million. Management disclosed substantial doubt about the ability to continue as a going concern due to limited liquidity and an obligation to complete a Business Combination by February 28, 2027 or liquidate and return trust funds to public shareholders.
Rithm Acquisition Corp. reported net income of $2,016,860 for the three months and $4,193,618 for the six months ended March 31, 2026, driven almost entirely by interest on funds in its SPAC trust.
The Trust Account held $240,654,033 as of March 31, 2026, up from $235,989,097 at September 30, 2025, while cash outside the trust was $155,428. General and administrative costs were $205,302 for the quarter and $476,812 for the six-month period.
Management discloses that limited liquidity and the requirement to complete a Business Combination by February 28, 2027 raise substantial doubt about the company’s ability to continue as a going concern if no deal is completed.
Rithm Acquisition Corp., a Cayman Islands-based SPAC, reported its first full quarter since its IPO for the three months ended December 31, 2025. The company has not yet completed a business combination and has no operating revenues.
Net income was $2,176,758, driven mainly by $2,445,755 of interest on the $238,434,852 held in the trust account, partially offset by $271,510 of general and administrative costs. Cash outside the trust was $401,091 with working capital of $530,764 as of December 31, 2025.
Rithm completed its IPO on February 28, 2025, selling 23,000,000 units at $10.00 each and 660,000 private placement units, placing $230,000,000 into the trust. Management discloses substantial doubt about the company’s ability to continue as a going concern because it expects ongoing costs while still needing to consummate a business combination within the specified combination period.
Rithm Acquisition Corp. is a newly formed Cayman Islands blank-check company that completed its IPO on February 28, 2025, issuing 23,000,000 Units and raising $230,000,000. Approximately $233.37 million is held in a Trust Account to be used primarily to fund an initial business combination; the Trust balance is presented separately from the company’s operating cash.
The company reported net income of $2.34 million for the three months ended June 30, 2025 (and $2.98 million since inception), driven by $2.56 million of interest income on Trust funds, offset by operating costs. Operating cash outside the Trust was $819,538 with working capital of $851,045. Management says it has not commenced operations and has determined that conditions raise substantial doubt about its ability to continue as a going concern for at least one year absent completing a business combination.