HOOPP Reports Passive 2.0% Stake in Rithm Acquisition Corp.
Rhea-AI Filing Summary
Healthcare of Ontario Pension Plan Trust Fund (HOOPP) reports beneficial ownership of 480,000 Class A ordinary shares of Rithm Acquisition Corp., representing 2.0% of the Class A shares based on 23,660,000 shares outstanding as reported May 9, 2025. HOOPP identifies itself as a pension plan formed as a trust under Ontario law and registered with the Financial Services Regulatory Authority of Ontario. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer; HOOPP also affirms regulatory comparability and offers to furnish additional information to the SEC staff upon request.
Positive
- Disclosure of a clear, quantified holding: 480,000 Class A shares representing 2.0% of the class
- Explicit certification of passive intent: shares held in the ordinary course of business and not to influence control
- Reporting entity identification: HOOPP is a registered Ontario pension trust, providing regulatory context
Negative
- None.
Insights
TL;DR: HOOPP holds 480,000 RAC shares (2.0%), a passive pension-fund position; the filing affirms no intent to influence control.
The Schedule 13G/A indicates a 2.0% beneficial stake in Rithm Acquisition Corp., held as a passive position under a pension trust structure. The report specifies the shares were acquired and are held in the ordinary course of business and not for control purposes. The disclosure cites the issuer's outstanding share count (23,660,000) used to calculate the percentage, and the reporting person is identified as a regulated Ontario pension plan.
TL;DR: Disclosure shows passive ownership, no group affiliation, and a certification to cooperate with SEC staff if further information is requested.
The filing classifies HOOPP as a pension plan formed as a trust and registered with the Financial Services Regulatory Authority of Ontario. It indicates no group membership and notes that ownership is 5% or less of the class. Itemized certifications state the holdings were not acquired to influence control and that HOOPP will furnish additional information to the SEC staff upon request, which is consistent with passive investor reporting practices.