Rithm Acquisition Corp. consummates IPO, raises $230M in trust for business combination

Rithm Acquisition Corp.

IPO of 23,000,000 units at $10.00/unit, including full over-allotment of 3,000,000 units, gross proceeds $230M.
Sponsor purchased 660,000 private placement units at $10.00/unit, generating $6.6M.
Net proceeds of $230M placed in trust account; audited balance sheet as of Feb 28, 2025 shows $230M trust assets.
Company has 24 months (27 with LOI) to complete initial business combination.
Transaction costs total $13.3M, including $4.6M cash underwriting fee and $8.05M deferred underwriting fee.

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