Rithm Acquisition Corp.
For the period ended Jun 30, 2026. Filed Aug 11, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 11, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-12.
0001104659-26-059443
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-11.
0001104659-26-094140
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 37 previous paragraphs and 36 current paragraphs.
26 unchanged; 9 reworded; 1 added; 1 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1)
Current report
For the nine months ended June 30, 2026, we had a net income of $6,235,044, which consisted of interest earned on cash held in Trust Account of $6,903,840 and interest earned on cash in bank of $6,213, offset by general and administrative costs of $675,009.
Removed paragraphs (1)
Previous report
For the six months ended March 31, 2026, we had a net income of $4,193,618, which consisted of interest earned on cash held in Trust Account of $4,664,936 and interest earned on cash in bank of $5,494, offset by general and administrative costs of $476,812.
Reworded paragraphs (9)
Previous wording
As of March 31, 2026, we held cash of $155,428, current liabilities of $71,598, and deferred underwriting fees payable of $8,050,000. Further, we expect to continue to incur significant costs in the pursuit of our initial Business Combination. We cannot assure our public shareholders that our plans to complete an initial Business Combination will be successful.
Current wording
As of June 30, 2026, we held cash of $8,764, current liabilities of $23,974, and deferred underwriting fees payable of $8,050,000. Further, we expect to continue to incur significant costs in the pursuit of our initial Business Combination. We cannot assure our public shareholders that our plans to complete an initial Business Combination will be successful.
Previous wording
For the three months ended March 31, 2026, we had a net income of $2,016,860, which consisted of interest earned on cash held in Trust Account of $2,219,181 and interest earned on cash in bank of $2,981, offset by general and administrative costs of $205,302.
Current wording
For the three months ended June 30, 2026, we had a net income of $2,041,426, which consisted of interest earned on cash held in Trust Account of $2,238,904 and interest earned on cash in bank of $719, offset by general and administrative costs of $198,197.
Previous wording
For the three months ended March 31, 2025, we had a net income of $680,183, which consists of interest income on cash held in Trust Account of $810,111 and interest earned on cash in bank of $1,528, offset by general and administrative costs of $131,456.
Current wording
For the three months ended June 30, 2025, we had a net income of $2,342,570, which consisted of interest income on cash held in Trust Account of $2,559,465 and interest earned on cash in bank of $3,471, offset by general and administrative costs of $220,366.
Previous wording
For the period from November 21, 2024 (inception) through March 31, 2025, we had a net income of $633,951, which consists of interest income on cash held in Trust Account of $810,111 and interest earned on cash in bank of $1,528, offset by general and administrative costs of $177,688.
Current wording
For the period from November 21, 2024 (inception) through June 30, 2025, we had a net income of $2,976,521, which consisted of interest income on cash held in Trust Account of $3,369,576 and interest earned on cash in bank of $4,999, offset by general and administrative costs of $398,054.
Previous wording
For the six months ended March 31, 2026, cash used in operating activities was $395,772. Net income of $4,193,618 was increased by $606 of general and administrative costs paid by a related party on behalf of the Company and was reduced by interest earned on cash held in Trust Account of $4,664,936. Changes in operating assets and liabilities provided $74,940 of cash for operating activities.
Current wording
For the nine months ended June 30, 2026, cash used in operating activities was $542,436. Net income of $6,235,044 was increased by $36,934 of general and administrative costs paid by a related party on behalf of the Company and was reduced by interest earned on cash held in Trust Account of $6,903,840. Changes in operating assets and liabilities provided $89,426 of cash for operating activities.
Previous wording
For the period from November 21, 2024 (inception) through March 31, 2025, cash used in operating activities was $378,913. Net income of $633,951 was increased by general and administrative costs paid through issuance of Class B ordinary shares of $10,012 and general and administrative costs paid through promissory note - related party of $70,801, and was reduced by interest earned on cash held in Trust Account of $810,111. Changes in operating assets and liabilities used $283,566 of cash for operating activities.
Current wording
For the period from November 21, 2024 (inception) through June 30, 2025, cash used in operating activities was $525,833. Net income of $2,976,521 was affected by interest earned on cash held in Trust Account of $3,369,576, general and administrative costs paid through issuance of Class B ordinary shares of $10,012, and general and administrative costs paid through promissory note - related party of $70,801. Changes in operating assets and liabilities used $213,591 of cash for operating activities.
Previous wording
As of March 31, 2026, we had cash held in Trust Account of $240,654,033 to be invested only in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations and/or held as cash or cash items (including in demand deposit accounts). We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Current wording
As of June 30, 2026, we had cash held in Trust Account of $242,892,937 to be invested only in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations and/or held as cash or cash items (including in demand deposit accounts). We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Previous wording
As of March 31, 2026, we had cash of $155,428. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.
Current wording
As of June 30, 2026, we had cash of $8,764. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.
Previous wording
The underwriters were paid a cash underwriting discount of $0.20 per unit, or $4,600,000 in the aggregate, upon the closing of the initial public offering and full exercise of the over-allotment option. In addition, $0.35 per unit, or $8,050,000 in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred underwriting commission will become payable to the
Current wording
The underwriters were paid a cash underwriting discount of $0.20 per unit, or $4,600,000 in the aggregate, upon the closing of the initial public offering and full exercise of the over-allotment option. In addition, $0.35 per unit, or $8,050,000 in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred underwriting commission will become payable to the underwriters from the amounts held in the Trust Account solely in the event that we complete a Business Combination, subject to the terms of the underwriting agreement.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
underwriters from the amounts held in the Trust Account solely in the event that we complete a Business Combination, subject to the terms of the underwriting agreement.