RAC · Rithm Acquisition Corp.
$10.50
+0.01 (+0.10%)
At close · Aug 10
Going-concern doubt
— flagged Aug 11, 2026
Substantial doubt about the company's ability to continue as a going concern.
“management has determined that the Company currently lacks the liquidity it needs to sustain operations for a reasonable period of time, which is considered to be at least one year from the date that the unaudited condensed financial statements are issued as it expects to continue to incur significant costs in pursuit of its acquisition plans. In addition, if the Company is unable to complete an Initial Business Combination by February 28, 2027, then the Company will cease all operations except for the purpose of liquidating. The date for mandatory liquidation and subsequent dissolution and liquidity concerns raise substantial doubt about the Company's ability to continue as a going concern. Management plans to address this uncertainty through a Business Combination. There is no assurance that the Company's plans to raise capital or to consummate a Business Combination will be successful within the Combination Period.”View the 10-Q filed Aug 11, 2026
Market Cap
$308.80M
Shares
29.41M
No listed options were found for RAC.
Key facts
CIK
2047497
CUSIP
G75751100
13F (30d)
44 filings
42 filers
Visit website
Investor relations