10.36000 USD
0.03
0.29%
Last update Dec 12, 3:56 PM EST
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Day range
10.36000
10.36000
Previous close
10.39000
Open
10.36000
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Rithm Acquisition Corp.
10.36
0.03
0.29%

Overview

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Description

Rithm Acquisition Corp. operates as a special purpose acquisition company (SPAC) formed to identify and merge with businesses in the financial services, real estate, and digital infrastructure sectors. Established in 2024 and backed by an affiliate of Rithm Capital Corp., the company focuses on opportunities where its management’s expertise in real estate investments, mortgage servicing, and financial technologies can drive post-merger value. Its mandate includes evaluating targets at the intersection of digital infrastructure and technology, particularly those benefiting from evolving market trends in data management and connectivity solutions. The company’s leadership, including CEO Michael Nierenberg, brings extensive experience in structured finance and asset management, positioning it to navigate complex transactions. As a blank-check entity, Rithm Acquisition Corp. provides a bridge for private companies seeking public market access while offering investors exposure to curated growth opportunities within its target industries.

About

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Instrument type
Common stock
Sector
Industry
Country
United States
MIC code
XNYS
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