Meteora Capital reports 6.45% stake in Rithm Acquisition (NASDAQ: RAC)
Rhea-AI Filing Summary
Rithm Acquisition Corp. Schedule 13G/A reports that Meteora Capital, LLC and Vik Mittal beneficially own 1,528,056 shares of Class A common stock, representing 6.45% of the class. The filing states shared voting and dispositive power over these shares. The signature date is 05/15/2026.
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Insights
Meteora Capital/Managing Member reports a significant passive stake in Rithm Acquisition.
Meteora Capital and Vik Mittal report 1,528,056 shares representing 6.45% of Class A common stock, with shared voting and dispositive power. This filing updates beneficial ownership under Schedule 13G/A and indicates passive investor status rather than an active control claim.
Watch subsequent amendments or Form 13D filings for any change in intent; the signature date is 05/15/2026.
Shared voting power indicates coordinated position across Meteora-managed funds.
The filing attributes voting and dispositive power to the Reporting Persons jointly, which is typical for investment-manager filings covering multiple funds and accounts. The statement also disclaims admitting beneficial ownership under Section 13 legal tests.
Subsequent filings would clarify any shift from passive to active intent; timing shown is 05/15/2026.