India, Feb. 26 -- Rithm Acquisition Corp., a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses or entities, said that it priced its initial public offering of 20 million units at a price of $10.00 per unit.
The units will be listed on the New York Stock Exchange and trade under the ticker symbol "RAC.U" with trading expected to begin on February 27, 2025. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate tradin...