SCHEDULE: Meteora Capital Reports 6.03% Stake in Rithm Acquisition Corp.

Meteora Capital, LLC and Vik Mittal have reported beneficial ownership of 6.03% of Rithm Acquisition Corp.'s Class A common stock as of June 30, 2026.

Summary

• Meteora Capital, LLC, along with its Managing Member Vik Mittal, has filed a Schedule 13G, indicating a change in beneficial ownership of Rithm Acquisition Corp.'s Class A common stock.
• As of June 30, 2026, the reporting persons collectively beneficially own 1,425,933 shares, representing 6.03% of the class of securities.
• Meteora Capital manages the funds and accounts holding these shares, and Vik Mittal serves as the Managing Member of Meteora Capital.
• The filing states that these 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: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without significant new strategic or financial information.

Positives

• Meteora Capital's investment indicates confidence in Rithm Acquisition Corp.'s potential.
• The filing clearly outlines the beneficial ownership, providing transparency to the market.

Negatives

• The filing does not provide any new financial performance data or strategic updates for Rithm Acquisition Corp.

Risks

• As a Schedule 13G filing, it primarily reports passive ownership, but any significant shift in this stake could impact the stock price.
• The nature of acquisition corporations means their success is tied to identifying and completing a suitable business combination, which carries inherent risks.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding Rithm Acquisition Corp.'s future performance.

Management Comments

• The filing 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.
• 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.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in special purpose acquisition companies (SPACs) like Rithm Acquisition Corp. This filing indicates a substantial, but passive, investment by Meteora Capital.

Stakeholder Impact

• Shareholders: Increased institutional ownership may signal investor interest, but the passive nature of the filing suggests no immediate change in control or strategy.
• Management: The filing provides transparency on a significant shareholder, which is standard practice.

Next Steps

• Rithm Acquisition Corp. will continue its search for a suitable business combination.
• Meteora Capital may continue to hold or adjust its stake in Rithm Acquisition Corp.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Meteora Capital, Rithm Acquisition Corp., Class A common stock, Investment Management, Acquisition Corporation