Rithm Acquisition Corp. (RAC)
Rithm Acquisition Corp. functions as a special purpose acquisition company (SPAC), established with the explicit aim of pursuing and finalizing a business combination. This could encompass a variety of transactions, such as a merger, an exchange of shares, an asset acquisition, a stock purchase, a corporate reorganization, or similar arrangements with one or more existing enterprises. The entity officially commenced operations on November 21, 2024, and its principal offices are situated in New York, New York.
Sector: Blank Checks
Industry: Shell Companies
Rithm Acquisition Corp.
NYSE:RACFinancial Services · Shell Companies
+0.09%$10.57
AH Close$10.57+0.00%vs close
AH Close$10.57+0.00%vs close
Mkt Cap$310.86M
Float21.02M
O/S29.41M
Inst Own74.8%
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income$5.45M
Total Assets$236.87M
Free Cash Flow-$673K
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$228.77M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:100,000Reverse splitNov 6, 2003100,000 shares → 1
Balance Sheet Details
Assets$236.87M
Liabilities$8.1M
Accounts Receivable$36K
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 |
|---|---|
| Currency | USD |
| Period Ending | 2025-09-30 |
| Revenue | $0 |
| YoY Growth | - |
| Cost of Revenue | $0 |
| Gross Profit | $0 |
| Gross Margin | - |
| Research and Development | $0 |
| Selling, General, and Administrative | $546K |
| Other | $0 |
| Total Operating Expenses | $546K |
| Operating Income (EBIT) | -$546K |
| Operating Margin | - |
| Interest Expense | $0 |
| Interest Income | $6M |
| Other Income (Expense) | $6M |
| Income Before Tax (EBT) | $5.45M |
| Income Tax Expense | $0 |
| Net Income | $5.45M |
| Net Income Margin | - |
| Supplementary Data | |
| EPS | 0.19 |
| Diluted EPS | 0.19 |
| Weighted Average OS | 29.41M |
| EBITDA | $5.45M |
| EBITDA Margin | - |
Balance Sheet
| Period | FY 2025 |
|---|---|
| Currency | USD |
| Period Ending | 2025-09-30 |
| Assets | |
| Current Assets | |
| Cash and Cash Equivalents | $551K |
| Short-Term Investments | $0 |
| Cash and Short-Term Investments | $551K |
| Accounts Receivable | $36K |
| Inventory | $0 |
| Other Current Assets | $0 |
| Total Current Assets | $804K |
| Long-Term Assets | |
| Property, Plant & Equipment Net | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $235.99M |
| Deferred Tax Assets | $0 |
| Other Long-Term Assets | $77K |
| Total Long-Term Assets | $236.07M |
| Other Assets | $0 |
| Total Assets | $236.87M |
| Liabilities | |
| Current Liabilities | |
| Accounts Payable | $0 |
| Short-Term Debt | $0 |
| Current Income Tax Payable | $0 |
| Current Unearned Revenue | $0 |
| Other Current Liabilities | $0 |
| Total Current Liabilities | $51K |
| Long-Term Liabilities | |
| Long-Term Debt | $0 |
| Long-Term Unearned Revenue | $0 |
| Long-Term Deferred Tax Liabilities | $0 |
| Other Long-Term Liabilities | $8.05M |
| Total Long-Term Liabilities | $8.05M |
| Other Liabilities | $0 |
| Total Liabilities | $8.1M |
| Stockholders' Equity | |
| Preferred Stock | $0 |
| Common Stock | $235.99M |
| Retained Earnings | -$7.22M |
| Comprehensive Income & Other | $0 |
| Other Stockholders' Equity | $0 |
| Total Equity | $228.77M |
| Minority Interest | $0 |
| Total Liabilities and Equity | $236.87M |
| Supplementary Data | |
| Total Debt | $0 |
| Net Debt | -$551K |
Cash Flow Statement
| Period | FY 2025 |
|---|---|
| Currency | USD |
| Period Ending | 2025-09-30 |
| Operating Activities | |
| Net Income | $5.45M |
| Depreciation & Amortization | $0 |
| Deferred Income Tax | $0 |
| Stock-Based Compensation | $0 |
| Changes in Working Capital: | |
| Accounts Receivable | $0 |
| Inventory | $0 |
| Accounts Payable | $0 |
| Other Working Capital | -$216K |
| Total Working Capital Change | -$216K |
| Other Non-Cash Items | -$5.91M |
| Net Cash from Operating | -$673K |
| Investing Activities | |
| Capital Expenditures | $0 |
| Acquisitions | $0 |
| Purchases of Investments | -$230M |
| Sales of Investments | $0 |
| Other Investing Activities | $0 |
| Net Cash from Investing | -$230M |
| Financing Activities | |
| Debt Repaid | - |
| Common Stock Issuance | $231.47M |
| Common Stock Repurchases | $0 |
| Dividends Paid | $0 |
| Other Financing Activities | -$76K |
| Net Cash from Financing | $231.22M |
| Forex Effect | $0 |
| Net Change in Cash | $551K |
| Supplementary Data | |
| Operating Cash Flow | -$673K |
| Capital Expenditure | $0 |
| Free Cash Flow | -$673K |
| Cash at Beginning | $0 |
| Cash at End | $551K |