Meteora Capital discloses 1.43M RAC shares in 6.03% stake filing (RAC)
Rhea-AI Filing Summary
Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of Class A common stock of Rithm Acquisition Corp. as of June 30, 2026. The reporting group holds 1,425,933 shares, representing 6.03% of the outstanding Class A common stock.
The shares are held through funds and managed accounts advised by Meteora Capital, with shared voting and dispositive power over all 1,425,933 shares and no sole voting or dispositive power. The reporting persons disclaim that the filing constitutes an admission of beneficial ownership under Section 13 of the Exchange Act.
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Key Figures
Shares beneficially owned: 1,425,933 shares
Percent of class: 6.03%
Shared voting power: 1,425,933 shares
+2 more
5 metrics
Shares beneficially owned
1,425,933 shares
Class A common stock of Rithm Acquisition Corp. as of June 30, 2026
Percent of class
6.03%
Ownership percentage of Class A common stock reported by Meteora Capital
Shared voting power
1,425,933 shares
Shares over which the reporting persons have shared power to vote or direct the vote
Shared dispositive power
1,425,933 shares
Shares over which the reporting persons have shared power to dispose or direct disposition
Signature date
08/14/2026
Date signed by Vik Mittal on behalf of the reporting persons
Key Terms
beneficial owner, shared voting power, shared dispositive power, Schedule 13G, +1 more
5 terms
beneficial owner regulatory
"not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Schedule 13G regulatory
"for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
percent of class financial
"Percent of class: 6.03 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
What stake in Rithm Acquisition Corp. (RAC) does Meteora Capital report?
Meteora Capital reports beneficial ownership of 1,425,933 shares of Rithm Acquisition Corp. Class A common stock, representing 6.03% of the class as of June 30, 2026. This reflects holdings across certain funds and managed accounts it advises.
Who are the reporting persons in this Rithm Acquisition Corp. (RAC) Schedule 13G/A?
The reporting persons are Meteora Capital, LLC, a Delaware LLC, and Vik Mittal, its Managing Member. They file with respect to Common Stock held by funds and managed accounts for which Meteora Capital serves as investment manager.
Where is Meteora Capital, LLC based according to the RAC Schedule 13G/A?
Meteora Capital’s principal business office is listed as 1200 N Federal Hwy, #200, Boca Raton, FL 33432. Rithm Acquisition Corp.’s principal executive offices are listed in New York, NY at 799 Broadway, 8th Floor.
AI-generated analysis. How Rhea-AI works. Not financial advice.