other material
confidence high
sentiment neutral
materiality 0.65
Rithm Property Trust approves 1-for-6 reverse stock split effective Dec 30
Rithm Property Trust Inc.
- Board unanimously approved 1-for-6 reverse stock split; effective 5:00 p.m. ET on Dec 30, 2025.
- Outstanding shares reduced from ~45.4M to ~7.6M; no fractional shares, cash in lieu paid.
- Common stock to trade on NYSE under RPT with new CUSIP 38983D854 starting Dec 31, 2025.
- Reverse split applies to all shares; ownership percentages unchanged except for fractional cashouts.
- Risk factor: reverse split may decrease liquidity and lower market cap if price doesn't rise proportionally.