Rithm Acquisition Corp. logo

Rithm Acquisition Corp. (RAC)

Market Closed
11 Jun, 20:00
NYSE NYSE
$
10. 42
0
0%
Pre Market
$
12. 80
+2.38 +22.8407%
246.54M Market Cap
- P/E Ratio
- Div Yield
37,127 Volume
- Eps
$ 10.42
Previous Close
Investors:
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Day Range
10.42 10.44
Year Range
10.11 10.47
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Summary

RAC closed today higher at $10.42, an increase of 0% from yesterday's close, completing a monthly increase of 0% or $0. Over the past 12 months, RAC stock gained 0%.
RAC is not paying dividends to its shareholders.
The stock of the company had never split.
The company's stock is traded on one exchange.

RAC Chart

Race to engage investors with June showcase and Brisbane briefing

Race to engage investors with June showcase and Brisbane briefing

Race Oncology Ltd (ASX:RAC, OTC:RAONF) will present at the Gold Coast Investment Showcase on June 25–26, 2025 and hold an investor briefing in Brisbane on June 27. Chief executive officer Dr Daniel Tillett and executive chairman Dr Pete Smith will deliver company updates and engage directly with shareholders and prospective investors. These engagements come as the company continues clinical development of its lead asset, bisantrene (RC220), and pursues partnerships to broaden patient access. Race will participate in the upcoming Gold Coast Investment Showcase held at the JW Marriott Gold Coast Resort & Spa, with Tillett scheduled to present at 10:30 am on Thursday, June 26. He will also be available across both days at the Race booth to meet with attendees and discuss the company’s latest developments, including progress on its RC220 formulation and clinical programs. Additional information and registration details are available via the event website: www.goldcoastinvestmentshowcase.com.au Race will host an in-person investor briefing in Brisbane on Friday, June 27, 2025, featuring a presentation byl Tillett and Smith. The session will include a Q&A segment and a light morning tea. Bank of America analysts have raised their price target on ‘Buy’-rated Netflix Inc (NASDAQ:NFLX, ETR:NFC) to $1,490 from their earlier $1,175, citing continued confidence in the company's momentum and market positioning. With shares trading hands on Friday at about $1,190, the new target implies significant upside, driven by Netflix's dominant presence in streaming, expanding advertising footprint, and an upcoming wave of compelling content. "Netflix has been a top performer in our coverage and we continue to view the company as well-positioned moving forward,” the analysts wrote. This positioning is underpinned by Netflix’s “unmatched scale in streaming” as well as opportunities for subscriber growth, advertising, and sports and live content, they added. Notably, Netflix is scaling its in-house advertising infrastructure after transitioning from Xandr. “Netflix’s in-house advertising platform has rolled out in the US and Canada and is currently rolling out in the other 10 ad markets,” analysts noted. The focus at this stage includes enhanced 1st party data integration, better measurement, dynamic ad insertion and continuing to scale programmatic buying. In the long-term, the analysts anticipate that Netflix ads will be personalized and customized. Strong content slate Content remains the cornerstone of Netflix’s growth strategy, and the second half of 2025 is shaping up to be a major driver of engagement, the analysts believe. “Netflix's second half of 2025 content slate showcases a blend of high-profile originals, franchise continuations and finales as well as a healthy mix of live/sports content to drive strong ad-supported engagement,” the bank’s analysts wrote. Flagship returns include Squid Game, Wednesday, and Stranger Things, complemented by anticipated debuts such as Guillermo del Toro’s Frankenstein, Adam Sandler’s Happy Gilmore 2, and Tina Fey’s The Four Seasons. In the live events space, the platform will feature boxing matches from Madison Square Garden produced by Jake Paul’s Most Valuable Promotions, as well as high-profile NFL matchups on Christmas Day, content that analysts believe will boost Netflix’s ad-supported efforts. “Supported by its world-class brand, leading global subscriber scale, position as an innovator and increased visibility in growth drivers, we believe that Netflix will continue to outperform,” the analysts concluded.

Proactiveinvestors | 1 year ago

Rithm Acquisition Corp. Investors

Name Quantity Cost Value Profit ($) Gain (%)
BO
Brian Oliveira Clear Street Group Inc.
43,498 $446,960.57 $453,249.16 $6,288.59 1.41%

Rithm Acquisition Corp. (RAC) FAQ

What is the stock price today?

The current price is $10.42.

On which exchange is it traded?

Rithm Acquisition Corp. is listed on NYSE.

What is its stock symbol?

The ticker symbol is RAC.

Does it pay dividends? What is the current yield?

It does not pay dividends to its shareholders.

What is its market cap?

As of today, the market cap is 246.54M.

Has Rithm Acquisition Corp. ever had a stock split?

No, there has never been a stock split.

Rithm Acquisition Corp. Profile

Trading Companies & Distributors Industry
Industrials Sector
Michael Nierenberg CEO
NYSE Exchange
KYG757511004 ISIN
US Country
2 Employees
- Last Dividend
- Last Split
- IPO Date

Overview

Rithm Acquisition Corp. is a blank check company established with the primary goal of completing a merger, share exchange, asset acquisition, share purchase, reorganization, or a comparable business combination. The company is sponsored by an affiliate of Rithm Capital Corp., a well-regarded entity in the financial sector. Rithm Acquisition Corp. strategically targets businesses that operate within the financial services and real estate industries while also exploring opportunities in the realm of digital infrastructure. This focus positions the company to leverage potential growth areas and enhance value for its stakeholders.

Products and Services

  • Merger Facilitation

    Rithm Acquisition Corp. engages in the process of merging with target companies, allowing for synergistic growth and enhanced market positioning. The company aims to identify and collaborate with firms that show promising potential for success in aligning their operations with Rithm's strategic objectives.

  • Asset Acquisition

    The company actively pursues opportunities for acquiring valuable assets from target businesses. This service is designed to bolster the company's portfolio and create a diversified asset base, which consequently enhances overall company value.

  • Share Exchange

    Rithm Acquisition Corp. provides a platform for companies to execute share exchanges, enabling a seamless transition for businesses looking to realign their equity structures or enhance their market presence through strategic partnerships.

  • Reorganization Services

    The firm offers reorganization services aimed at optimizing the operational efficiency and financial structure of target companies, ensuring they are capable of navigating market challenges and capitalizing on emerging opportunities effectively.

  • Investment in Digital Infrastructure

    Recognizing the increasing importance of technology in today's business landscape, Rithm Acquisition Corp. seeks investment opportunities within the digital infrastructure sector. This includes focusing on companies that provide technology solutions and services to enhance operational capabilities and customer reach.

  • Strategic Consulting

    In addition to its core services, the company may provide strategic consulting to its partners, assisting them in identifying growth opportunities, market entry strategies, and operational improvements that drive long-term profitability and success.

Contact Information

Address: 799 Broadway, 8th Floor
Phone: 1 212-850-7770