secwatch.observer — SEC 8-K summary
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Issuer:     Rithm Capital Corp. (RITM)
CIK:        0001556593
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001140361-23-035750
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rithm Capital to acquire Sculptor Capital for $11.15/share; Q2 EPS guidance $0.71-$0.77
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- Rithm acquires Sculptor for $11.15 per share in cash; LP unit holders receive ~$6.90 per Class A unit.
- Preliminary Q2 GAAP net income $0.71–$0.77/diluted share; earnings available for distribution $0.59–$0.65/share.
- Book value per share estimated $12.13–$12.19 as of June 30, 2023; includes $0.20 realized gain from MSR sale.
- Retention program up to $35M for Sculptor leadership; LTIP pool up to 20% of value growth above 8% IRR hurdle.
- Merger subject to Sculptor stockholder vote, regulatory approvals (FCA, SFC, HSR); expected to close by July 23, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556593/000114036123035750/0001140361-23-035750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556593/000114036123035750/brhc20056286_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-035750

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