Rithm Acquisition Corp. (NYSE: RAC) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in New York. The company was established to identify and complete a business combination, such as a merger, share exchange, or asset acquisition, with a high-quality target business. Sponsored by an affiliate of Rithm Capital Corp. (NYSE: RITM), a global asset manager, the SPAC leverages its sponsor's extensive operational and investment expertise. Rithm Acquisition Corp. focuses its search on companies operating within the financial services, real estate, and digital infrastructure sectors, seeking targets that exhibit robust financial performance and clear pathways to sustainable profitability. As a pre-deal SPAC, the company does not have ongoing business operations and generates no operating revenue; its income is solely derived from interest earned on the proceeds of its initial public offering held in a trust account. The company raised $230 million in its February 2025 IPO and is actively evaluating potential targets to facilitate a successful business combination before its mandatory liquidation deadline.
