SCHEDULE: Meteora Capital Discloses 6.45% Stake in Rithm Acquisition Corp.

Meteora Capital, LLC, along with its managing member Vik Mittal, has reported beneficial ownership of 1,528,056 shares, representing 6.45% of Rithm Acquisition Corp.'s Class A common stock as of March 31, 2026.

Summary

• Meteora Capital, LLC, acting as an investment manager for various funds and managed accounts, and Vik Mittal, the Managing Member of Meteora Capital, have filed a Schedule 13G.
• This filing indicates their beneficial ownership of 1,528,056 shares of Class A common stock of Rithm Acquisition Corp.
• This holding represents 6.45% of the total class of securities.
• The filing is an amendment (Amendment No. 2) and the event date requiring the filing was March 31, 2026.
• Meteora Capital is organized in Delaware, and Vik Mittal is a U.S. citizen.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership by an investment firm and does not contain operational or financial performance data for the issuer.

Positives

• Meteora Capital, LLC has taken a significant stake (6.45%) in Rithm Acquisition Corp., which could signal confidence in the company's prospects.
• The filing indicates that the shares were acquired and are held in the ordinary course of business, suggesting a standard investment strategy rather than a hostile takeover attempt.

Negatives

• The filing does not contain any negative financial results or operational challenges for Rithm Acquisition Corp. itself, as it is a Schedule 13G disclosure of ownership.

Risks

• While not explicitly stated as risks within this filing, significant ownership by an investment firm like Meteora Capital could lead to increased scrutiny or potential activist investor actions if Rithm Acquisition Corp.'s performance falters.
• The nature of acquisition corporations involves inherent risks related to the successful completion of their intended business combination.

Future Outlook

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

Management Comments

• "The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies, particularly special purpose acquisition companies (SPACs) like Rithm Acquisition Corp. This filing indicates Meteora Capital's strategic interest in the SPAC's potential merger target.

Stakeholder Impact

• Shareholders: The significant stake held by Meteora Capital may influence future strategic decisions or potential activist involvement, impacting share value.
• Management of Rithm Acquisition Corp.: May need to consider Meteora Capital's investment position in strategic planning and communication.

Next Steps

• Meteora Capital will continue to hold its shares in Rithm Acquisition Corp.
• Rithm Acquisition Corp. will continue its operations and pursuit of a business combination.

Key Dates

Keywords

Rithm Acquisition Corp., Meteora Capital, Schedule 13G, Class A common stock, Beneficial Ownership, Investment Manager, Acquisition Corp., SEC Filing, Shareholder