SCHEDULE: Hudson Bay Capital Reports 8.14% Stake in Rithm

Hudson Bay Capital Management LP and Sander Gerber have reported a beneficial ownership of 8.14% in Rithm Acquisition Corp.'s Class A Ordinary Shares.

Summary

• Hudson Bay Capital Management LP and Sander Gerber are the reporting persons for this beneficial ownership statement.
• The filing pertains to Class A Ordinary Shares, $0.0001 par value, of Rithm Acquisition Corp.
• The reporting persons collectively beneficially own 1,925,000 Class A Ordinary Shares.
• This ownership represents 8.14% of the total Class A Ordinary Shares outstanding.
• The percentage is calculated based on 23,660,000 Class A Ordinary Shares outstanding as of May 9, 2025, as reported in Rithm Acquisition Corp.'s Quarterly Report on Form 10-Q.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a standard beneficial ownership disclosure. The presence of a significant institutional investor like Hudson Bay Capital Management LP is generally viewed as a neutral to slightly positive signal, indicating notable investment without implying control intent or providing performance data.

Positives

• A significant institutional investor, Hudson Bay Capital Management LP, holds a substantial stake, potentially signaling confidence in Rithm Acquisition Corp.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Rithm Acquisition Corp.'s future operations or financial performance.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing indicates a significant institutional investment in Rithm Acquisition Corp., a Special Purpose Acquisition Company (SPAC). Institutional investor activity is common in SPACs, reflecting interest in their potential merger targets and future business combinations.

Comparison to Industry Standards

• This filing is a beneficial ownership disclosure and does not contain financial or operational results that can be directly compared to industry benchmarks or specific comparable companies' performance.

Stakeholder Impact

• Shareholders: Increased institutional ownership by a reputable firm may be perceived positively, potentially enhancing market confidence in Rithm Acquisition Corp.

Next Steps

• Future amendments to this Schedule 13G will be filed if there are changes in the beneficial ownership of the reporting persons.

Key Dates

Recommendation

The filing indicates a significant institutional stake by Hudson Bay Capital Management LP, a well-known investment firm. While this signals a notable investment, a Schedule 13G primarily serves as a disclosure of ownership and does not provide sufficient operational or financial details to warrant a 'buy' or 'sell' recommendation. Investors should monitor Rithm Acquisition Corp.'s future business developments and financial performance.

Keywords

Rithm Acquisition Corp, Hudson Bay Capital Management, Sander Gerber, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Institutional Investment, SPAC