Rithm Acquisition Corp. (RAC)
Rithm Acquisition Corp. operates in the Shell Companies industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $10.50, up 0.00% on the session, giving a market capitalisation of $248.4M. On trailing twelve-month figures it carries a trailing P/E of 35.29, a net margin of 0.0%. Its beta of 0.03 implies it has historically moved less than the broad market.
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.
Rithm Acquisition Corp. is most often compared with the following Financial Services names: