SCHEDULE: HOOPP Discloses 2.0% Stake in Rithm Acquisition Corp.
Beneficial Ownership Report
Healthcare of Ontario Pension Plan Trust Fund (HOOPP) has disclosed a 2.0% beneficial ownership stake in Rithm Acquisition Corp.'s Class A ordinary shares.
Summary
- Healthcare of Ontario Pension Plan Trust Fund (HOOPP) reported beneficial ownership of 480,000 Class A ordinary shares of Rithm Acquisition Corp.
- This represents 2.0% of the Issuer's Class A ordinary shares outstanding.
- The percentage ownership is based on 23,660,000 Class A shares issued and outstanding as of May 9, 2025, as reported in Rithm Acquisition Corp.'s Form 10-Q for the quarter ended March 31, 2025.
- HOOPP holds sole voting and sole dispositive power over all 480,000 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported ownership.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of beneficial ownership by an institutional investor, with no positive or negative implications for the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a large institutional investor, Healthcare of Ontario Pension Plan Trust Fund (HOOPP), regarding its passive ownership stake in Rithm Acquisition Corp., a blank check company. Such disclosures are common for pension funds managing diversified portfolios and do not typically indicate specific strategic moves within the broader industry beyond portfolio allocation.
Stakeholder Impact
- Provides transparency to shareholders and the market regarding the ownership structure of Rithm Acquisition Corp.
- Confirms HOOPP's passive investment stance, indicating no intent to influence control of the issuer.
Key Dates
| Date | Description |
|---|---|
| 2025-03-31 | End of quarter for which Rithm Acquisition Corp.'s Form 10-Q was filed, providing the basis for outstanding shares. |
| 2025-05-09 | Date Rithm Acquisition Corp. reported 23,660,000 Class A Shares issued and outstanding in its Form 10-Q. |
| 2025-06-30 | Date of event which required the filing of this statement, representing the snapshot date for the reported ownership. |
| 2025-08-13 | Date the Schedule 13G Amendment No. 1 was signed by HOOPP. |
Keywords
Rithm Acquisition Corp., HOOPP, Healthcare of Ontario Pension Plan Trust Fund, Schedule 13G, Beneficial Ownership, Class A Shares, Pension Fund, Institutional Investor
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