Rithm Capital Affiliated SPAC Files for $200M IPO

Dow Jones

04 Feb

By Stephen Nakrosis

Blank check company Rithm Acquisition, which is affiliated with Rithm Capital, filed for a $200 million initial public offering on Monday.

The company said Michael Nierenberg, its chairman and chief executive officer, also serves as Rithm Capitals' CEO, president and chairman. Rithm Capital provides real estate, credit, and financial services.

Rithm Acquisition said it plans to target companies in the financial services and real estate sectors where its management has investment and operational experience.

The company will offer 20 million units at $10 per unit, and applied to list its units on the New York Stock Exchange NYSE under the symbol RAC.U.

Citigroup, BTIG, and UBS Investment Bank are listed as the offering's joint book-runing managers.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

February 03, 2025 18:24 ET (23:24 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Rithm Capital provides real estate, credit, and financial services. \n\n\n  Rithm Acquisition said it plans to target companies in the financial services and real estate sectors where its management has investment and operational experience. \n\n\n  The company will offer 20 million units at $10 per unit, and applied to list its units on the New York Stock Exchange NYSE under the symbol RAC.U. \n\n\n  Citigroup, BTIG, and UBS Investment Bank are listed as the offering's joint book-runing managers. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2025 18:24 ET (23:24 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}