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Rithm Acquisition Filed Terms, NYSE: RAC.U

Blank check company formed by Rithm Capital targeting financial services and real estate.

Industry: SPAC

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Industry: SPAC

We are a newly organized blank check company. Our sponsor is an affiliate of Rithm, a global asset manager focused on the real estate and financial services industries. Rithm is listed on the New York Stock Exchange with a $5.98 billion market capitalization (NYSE: RITM) as of January 31, 2025. While we may pursue an acquisition opportunity in any business, industry, sector, or geographical location, we intend to focus on industries that complement our management team’s background, and to capitalize on the ability of our management team to identify and acquire a business. In particular, we intend to target companies in the financial services and real estate sectors where our management has extensive investment and operational experience. In addition, we expect to evaluate opportunities relating to digital infrastructure, including opportunities at the convergence of infrastructure and technology. We believe this sector has many similar characteristics to the real estate sector that are applicable to the specialties of our management team.
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IPO Data
IPO File Date 02/03/2025
Offer Price
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
BTIG
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Company Data
Headquarters New York, NY, United States
Founded 2024
Employees at IPO 2
Website www.rithmcap.com

Rithm Acquisition (RAC.U) Performance