RAC SEC filings, in plain English
Everything Rithm Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 38 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: A Schedule 13G beneficial ownership report, classified as a routine compliance exhibit mandating disclosure when a person or group acquires more than five percent of a registrant’s outstanding voting securities. The excerpt identifies three holding entities—Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC—but furnishes no transaction dates, share quantities, ownership percentages, amendment markers, or footnotes detailing acquisition intent. Accordingly, the filing does not advance the redemption calendar, modify the trust value ($10.56 per share), accelerate or defer the 2027-02-27 deadline, indicate business-combination progress, or reflect sponsor conduct. Regarding additional substance, the text contains zero assertions regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Because no factual claims are embedded in the snippet, no executive, director, bank, or advisor is cited as a source, and no attribution is required. Why it matters: Investors tracking liquidity exits, extension ballots, and merger sequencing receive no operational input from this page. Schedule 13G disclosures typically surface around a five-percent accumulation threshold; however, without explicit share totals or percentages in the provided text, the breakpoint remains unverified. Even if Fort Baker Capital or its principals constitute a new institutional stake, the absence of transaction economics or purpose language leaves the deposited trust intact and the IPO capital fully reserved until a definitive agreement executes or the 2027-02-27 liquidation window closes. Tracking subsequent amendments for percentage updates, acquisition date disclosures, or intent clauses will remain necessary to assess whether passive positioning or pre-deal coalition building emerges before the extended deadline.
What changed: A Schedule 13G/A beneficial ownership amendment report, identified in its own terms as a routine compliance exhibit filed by Meteora Capital, LLC regarding Rithm Acquisition Corp. The filing itself states only that Meteora Capital, LLC submitted an amended beneficial ownership statement on 2026-08-14 under form number 0001905106-26-000142. It discloses no adjusted share counts, percentage thresholds crossed, purchase or sale transactions, or amendments to the $10.56 trust per share or the 2027-02-27 redemption deadline. Consequently, no changes to extension elections, conversion exercises, or sponsor conduct are reported. Why it matters: Because the excerpt omits numerical holdings and acquisition details, the amendment does not independently signal institutional accumulation that would pressure redemptions at the $10.56 trust valuation, nor does it indicate advance toward a target selection or business combination before the 2027-02-27 expiration. As a standard ownership update, it lacks information on customer claims, revenue, market size, technology, or strategic partnerships; investors tracking deal progress should await the full filing to assess material shifts in capital composition or sponsor behavior.(flagged for human review)
What changed: Quarterly Report (Form 10-Q) for Rithm Acquisition Corp. for the quarter ended June 30, 2026. Trust account value increased to $242.9M ($10.56 per share) from $236.0M ($10.26 per share) due to interest earned of $6.9M. Cash on hand dropped sharply to $8,764 from $551,200, and working capital is only $161,099. Management added a going concern warning, stating the company lacks liquidity to sustain operations for one year and faces mandatory liquidation on February 28, 2027 if no business combination is completed. No business combination agreement has been announced or is pending. Why it matters: The trust per-share value continues to grow (now $10.56), which benefits public shareholders if a deal closes. However, the low cash balance and explicit going concern disclosure signal that the SPAC may struggle to fund operations until its February 2027 deadline. The lack of any announced target or letter of intent increases the risk of liquidation. Redemption mechanics remain unchanged; no extension has been sought. The filing is otherwise routine, with no sponsor loans or adverse conduct.
What changed vs 2026-05-12trust $240.7M → $242.9M +1%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $240.7M$242.9M
- Combination deadline
- 2027-02-28 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $2,238,904 was added to the trust between the two filings.
The clause …“185,073 804,147 Long-term prepaid insurance — 77,009 Cash held in Trust Account 242,892,937 235,989,097 Total Assets $ 243,078,010 $ 236,870,253 Liabilities, Class A Ordinary Shares Subject to”…
The clause …“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”…
The clause …“liquidation and subsequent dissolution and liquidity condition raise substantial doubt about the Company’s ability to continue as a going concern. Management plans to address this uncertainty through a Business Combination.”…
The clause “200,000,000 shares authorized; 660,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of June 30, 2026 and September 30, 2025 66 66 Class B ordinary shares, $ 0.0001 par value; 20,000,000”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Schedule 13G/A amendment and Exhibit 99.1 Joint Acquisition Statement under Rule 13d-1(k). Empyrean Capital Partners, LP and Amos Meron executed a mutual acknowledgment on May 15, 2026, accepting joint responsibility for this beneficial ownership report and all future amendments. The excerpt discloses no share counts, ownership percentages, trigger events, or changes to the existing redemptive framework. The RAC trust value remains at $10.56 per share, and the statutory deadline of 2027-02-27 is unmodified by this submission. Why it matters: As a procedural filing confirming shared reporting obligations rather than a strategic disclosure, this document does not signal deal progress, target searches, extension solicitations, or shifts in sponsor conduct. No customer bases, revenue metrics, market valuations, technology roadmaps, partnership arrangements, or litigation matters are referenced. Investors relying on this excerpt cannot assess accumulation patterns or liquidity pressures without the parent Schedule 13G body. It remains a routine administrative update with zero impact on near-term redemption math or trust preservation mechanics.
What changed: Schedule 13G/A Joint Filing Statement (Exhibit I) acknowledging that four First Trust affiliated entities are submitting a beneficial ownership amendment together under SEC Rule 13d-1(k). This excerpt contains only the administrative joint-filing signature page. First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC, through signatories Joy Ausili (Trustee, Vice President, Assistant Secretary) and Chad Eisenberg (Chief Operating Officer), acknowledged on May 15, 2026, that they are filing jointly, that all future amendments will be filed on their collective behalf without additional schedules, and that each party bears sole responsibility for the completeness and accuracy of its own submitted data. No share counts, ownership percentages, acquisition dates, or changes in investment purpose are disclosed in this segment. Why it matters: The exhibit is a standard procedural addendum and does not alter the RAC redemption mechanics, the $10.56 per share trust value, the 2027-02-27 liquidation deadline, nor does it indicate deal progress or shifts in sponsor behavior. Because the core Schedule 13G/A data pages—which would reveal whether these First Trust vehicles acquired, reduced, or maintained positions, crossed a reporting threshold, or updated their purpose (e.g., passive vs. active)—are absent from the provided text, this filing offers no immediate input for tracking redemptions, estimating redemption pressure, or evaluating target search timelines. Investors should await the accompanying 13G/A summary pages for substantive position data.
What changed: A Schedule 13G/A beneficial ownership report filed on 2026-05-15, identified by SEC document number 0001905106-26-000103, designating Meteora Capital, LLC as the reporting institutional holder for an amendment to prior equity disclosures. The filing functions as a routine compliance exhibit amending a previously submitted Schedule 13G. The provided excerpt contains no share quantities, percentage thresholds, acquisition dates, or transaction codes attributable to Meteora Capital, LLC. Consequently, it reports no data bearing on redemption deadline pressure, trust value trajectories, extension voting alignment, business combination progress, or sponsor conduct. Why it matters: The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Attributed solely to Meteora Capital, LLC as a standard SEC disclosure, the amendment tracks institutional position changes but supplies no numerical holdings or commentary. Without disclosed share counts or transaction details, the filing does not materially affect shareholder decision-making mechanics, alter the SEARCHING designation, or influence the timing of the upcoming business combination.
What changed: 10-Q (Quarterly Report) for the quarter ended March 31, 2026. Trust account per-share redemption value increased from $10.26 to $10.46 due to interest earned; net income of $4.2 million for the six months; no business combination announced; going concern uncertainty reiterated. Why it matters: The trust value growth benefits shareholders, but the SPAC still faces a February 2027 deadline without a target, and management has expressed substantial doubt about its ability to continue as a going concern.
What changed vs 2026-02-06trust $238.4M → $240.7M +1%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $238.4M$240.7M
- Combination deadline
- not previously extracted2027-02-28
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $2,219,181 was added to the trust between the two filings.
The clause …“430,175 804,147 Long-term prepaid insurance — 77,009 Cash held in Trust Account 240,654,033 235,989,097 Total Assets $ 241,084,208 $ 236,870,253 Liabilities, Class A Ordinary Shares Subject to”…
The clause …“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”…
The clause …“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.”…
The clause “200,000,000 shares authorized; 660,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of March 31, 2026 and September 30, 2025 66 66 Class B ordinary shares, $ 0.0001 par value;”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A routine compliance exhibit—specifically, an amended Schedule 13G beneficial ownership report filed under SEC accession number 0001393825-26-000030, stating that Hudson Bay Capital Management LP and Sander Gerber are reporting persons for Rithm Acquisition Corp. The provided excerpt lists only the filing title, the accession number, and the two holder names. It contains no share counts, percentage thresholds, transaction dates, amendment narratives, or explicit disclosures of what differs from prior filings. Why it matters: Per the issuer context, Rithm Acquisition Corp. maintains a trust value per share of $10.56 and faces a business combination deadline of 2027-02-27 while operating in SEARCHING status. Schedule 13G/A filings alert the market to passive equity position updates, which investors monitor to gauge institutional appetite ahead of redemption windows, extension votes, or target announcements. Because this excerpt omits quantitative holdings and purpose statements, it currently offers no measurable signal regarding redemption mechanics, trust liquidity dynamics, extension probability, or sponsor conduct.
What changed: A Joint Acquisition Statement pursuant to Rule 13d-1(k) attached to a Schedule 13G beneficial ownership report. The filing creates a joint reporting framework between Empyrean Capital Partners, LP and Amos Meron for their Schedule 13G submission. According to the attached acknowledgment, each holder consents to joint responsibility for the timeliness and completeness of future amendments but remains individually liable for information concerning itself unless it knows or has reason to believe the other party's disclosures are inaccurate. The text discloses zero share quantities, acquisition dates, ownership percentages, or transaction prices. Regarding RAC's SPAC mechanics, the document provides no update to the redemption calendar, trust distribution mechanics, extension procedures, target search status, or sponsor conduct. Signatory Jennifer Norman, identified in the text as Chief Compliance Officer of Empyrean Capital Partners, LP, and Amos Meron execute the statement on February 17, 2026, confirming only the administrative coordination of the regulatory filing obligation. Why it matters: For investors monitoring Rithm Acquisition Corp., this filing reflects routine compliance administration rather than a transfer of control or voting bloc consolidation that would trigger redemption windows, proxy solicitations, or extension votes. Because the excerpt omits the mandatory Schedule 13G data fields—including total shares beneficially owned, percentage of outstanding stock, acquisition cost, and passive versus activist classification—the document carries no immediate operational impact on the trust fund, deadline timeline, or merger negotiation posture. Joint 13G filings frequently accompany institutional block stacking, family-office co-holding, or advisory compensation structures; however, without disclosed thresholds, the precise market implication for sponsor behavior or target timeline adjustments remains indeterminate. The filers' language confirms that distinct ownership positions exist but are consolidated under a single procedural umbrella, meaning analysts must examine the accompanying principal data rows (typically filed simultaneously in the same SEC submission) to determine whether coordinated accumulation crosses the five percent reporting boundary relevant to redemption protection or director slate nominations.
What changed: A Schedule 13G/A beneficial ownership report, which in its own terms is a routine regulatory compliance exhibit used to publicly declare institutional equity stakes. The filing text attributes the reporting holder solely to Meteora Capital, LLC and contains no amendment rationale, share counts, percentage shifts, or mechanical disclosures affecting the $10.56 trust value, the 2027-02-27 deadline, redemption thresholds, extension proposals, target search activity, or sponsor conduct. Why it matters: Because the excerpt lacks all required 13G/A data elements—including acquisition dates, purpose of acquisition, and ownership percentages—it cannot trigger or delay any SPAC structural timeline. The document contains zero substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel; therefore, there are no assertions to attribute to management, sponsors, or third parties, and the filing carries no material impact on deadline tracking or capital structure monitoring.
What changed: SEC Form 10-Q (quarterly report) for Rithm Acquisition Corp. for the quarter ended December 31, 2025. Trust value increased from $235,989,097 (Sep 30, 2025) to $238,434,852 (Dec 31, 2025). Redemption value per share increased from $10.26 to $10.37. Net income of $2,176,758 was reported for the quarter, driven by $2,445,755 in interest earned on the trust. Cash decreased from $551,200 to $401,091. Accrued expenses increased from $51,261 to $101,912. Accumulated deficit widened from $(7,220,746) to $(7,489,743). The company disclosed a substantial doubt about its ability to continue as a going concern and is still searching for a target. Why it matters: The increase in trust value and redemption price confirms continued trust accretion. The reduction in cash and increase in accrued expenses indicate the cash burn from operations is consuming working capital. The going concern disclosure signals liquidity pressure, common for SPACs still searching. The 24-month combination deadline runs from February 28, 2025, meaning the deadline is approximately February 27, 2027. Management's statement that it currently lacks liquidity to sustain operations for one year is a key risk indicator.
What changed vs 2025-08-11trust $233.4M → $238.4M +2%trust account, going-concern doubt, redeemable shares1 moved · 2 with no prior record of ours
- Trust account
- $233.4M$238.4M
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $5,065,276 was added to the trust between the two filings.
The clause …“ 804,147 Long-term prepaid insurance 30,134 77,009 Cash held in Trust Account 238,434,852 235,989,097 Total Assets $ 239,097,662 $ 236,870,253 Liabilities, Class A Ordinary Shares Subject to”…
The clause …“significant costs in pursuit of its acquisition plans. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management plans to address this uncertainty through a Business Combination.”…
The clause “200,000,000 shares authorized; 660,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of December 31, 2025 and September 30, 2025 66 66 Class B ordinary shares, $ 0.0001 par value;”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Form 8-K current report and accompanying press release (Exhibit 99.1) documenting a routine compliance notice from the New York Stock Exchange regarding failure to satisfy continued listing standards. On January 26, 2026, the NYSE notified Rithm Acquisition Corp. that it violated Section 802.01B of the NYSE Listed Company Manual for maintaining fewer than 300 public stockholders. The Company has 45 days to submit a business plan demonstrating how it expects to regain compliance within 18 months. Upon receipt, the NYSE has 45 days to review whether the plan reasonably demonstrates an ability to meet the standard. Trading continues under existing tickers during any approved 18-month cure period, contingent on meeting other listing requirements and passing periodic reviews. If the plan is rejected or implementation fails, the NYSE may commence suspension and delisting procedures. The Company states the Notice carries no immediate impact on listing or trading. This filing does not amend the SPAC’s statutory redemption deadline, modify trust account distribution mechanics, announce a formal business combination extension, or report changes to sponsor conduct. Why it matters: Operating below the 300 public stockholder threshold often reflects concentrated sponsor/insider ownership post-offering, which can reduce secondary liquidity and increase pressure to accelerate a deSPAC transaction to stabilize the capital structure. The 18-month compliance window parallels the typical SPAC merger runway; failure to secure a target or sufficiently broaden the shareholder base before the NYSE acts would likely trigger default conditions forcing redemptions at the then-current trust value per share. Beyond the listing mechanics, per the January 30, 2026 press release, the Company identifies Rithm Capital Corp. as its sponsor affiliate and outlines an investment strategy targeting companies in financial services and real estate, alongside digital infrastructure opportunities at the convergence of infrastructure and technology. Management further asserts, via the same press release, that its team is positioned to drive ongoing value creation post-business combination based on prior cross-sector investment experience. All forward-looking assertions regarding the submission timeline and sector focus were attributed by the Company to its leadership team.
What changed: Annual report on Form 10-K for the fiscal year ended September 30, 2025 (first fiscal period from inception November 21, 2024 through September 30, 2025). First annual report since the IPO (February 28, 2025). Trust account per-share value rose from $10.00 at IPO to $10.26 at September 30, 2025 (trust balance $235,989,097 on 23,000,000 public shares) due to $5,989,097 of interest income. The company has selected no target nor initiated any substantive discussions. Management expressed substantial doubt about the company's ability to continue as a going concern, citing insufficient liquidity to sustain operations for one year from the financial statement issuance date. The deadline to complete a business combination is 24 months from IPO (February 28, 2027), extendable by three months if a definitive agreement is signed within 24 months. No extension has been sought. The company reported a net income of $5,451,008 from interest income, with $551,200 cash outside trust and $752,886 working capital. Sponsor owns 19.8% of ordinary shares and has agreed to waive redemption rights on founder and private placement shares. Sponsor transferred 75,000 founder shares to three independent directors. Why it matters: The filing confirms the SPAC remains in search phase with no target identified, a ticking deadline, and a going concern qualification that highlights the risk of liquidation if a business combination is not completed in time. The trust per-share value has modestly increased, but the company's limited working capital outside trust and the going concern note signal that the sponsor may need to fund operations or the SPAC may face pressure to either find a deal or liquidate. The disclosure of sponsor conduct and conflicts of interest is standard but reinforces the alignment of sponsor incentives with deal completion.
What changed: Schedule 13G/A — an amended beneficial ownership report under Section 13(d) of the Securities Exchange Act listing five institutional holders (Lighthouse Investment Partners, LLC; MAP 204 Segregated Portfolio; MAP 214 Segregated Portfolio; Shaolin Capital Partners SP; Eagle Harbor Multi-Strategy Master Fund Limited). The provided excerpt records only the identity of the reporting parties and labels the submission as a Schedule 13G/A amendment. It contains no disclosed share quantities, percentage thresholds, acquisition or disposition dates, joint exercise arrangements, or stated investment purposes. Accordingly, the filing does not update the redemption calendar, trust distribution schedule, extension timeline, target business combination status, or sponsor governance record. Why it matters: Institutional investors utilize 13G/A filings to notify regulators of material changes in beneficial ownership or shifts in investment intent. While this excerpt lacks the share counts, acquisition dates, and purpose codes that would indicate whether these entities are building, trimming, or maintaining positions in RAC equity, such amendments routinely surface during portfolio rebalancing, index fund adjustments, or pre-transaction positioning. Absent the full pages detailing actual share movement or voting commitments, the filing serves as a standard compliance marker rather than a catalyst for redemption timing or merger execution.
What changed: A Joint Filing Statement (Exhibit I) attached to a Schedule 13G/A amendment, establishing a Rule 13d-1(k) joint filing arrangement among four affiliated entities and individuals. Per the executed acknowledgments dated November 14, 2025, the undersigned parties confirmed that future Schedule 13G/A amendments will be filed jointly on behalf of First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC without requiring additional acquisition statements. Each signatory accepted sole responsibility for its own submitted data, expressly disclaiming liability for others’ data unless it knew or had reason to believe such information was inaccurate. The document reports zero modifications to redemption deadlines, trust share valuations, extension proposals, target acquisition progress, or sponsor conduct. Why it matters: Because the exhibit contains exclusively administrative language governing SEC disclosure logistics, it does not trigger any redemption calendar shifts, trust account balance adjustments, extension mechanisms, deal-milestone announcements, or sponsor governance reviews for RAC investors. The only substantive non-procedural content originates from the signature blocks, which attribute the titles Trustee, Vice President and Assistant Secretary to Joy Ausili and Chief Operating Officer to Chad Eisenberg, both signing on behalf of the listed First Trust affiliates. Without accompanying filing pages disclosing share counts, acquisition prices, or trading activity, this document alone carries no operational weight for tracking capital commitments or SPAC timeline progression.
What changed: A Schedule 13G beneficial ownership report filed by Meteora Capital, LLC. The provided excerpt contains no numerical data, ownership percentages, share counts, purchase prices, or transaction dates. It does not disclose any changes to Rithm Acquisition Corp.'s trust mechanics, redemption deadline parameters, extension discussions, target search progress, or sponsor conduct. Why it matters: Institutional 13G filings typically indicate passive accumulation, portfolio rebalancing, or threshold crossings that can affect shareholder voting alignment, redemption pressure, and sponsor bargaining position during a capital raise phase. Without the complete exhibit, the exact stake size, triggering event, and any accompanying arrangements remain undisclosed, limiting immediate impact assessment on liquidity timing or deal execution timelines.
What changed: A Schedule 13G/A filing submission containing two attached Power of Attorney exhibits executed by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC to authorize designated employees to file statutory ownership disclosures. According to the attached Power of Attorney exhibits signed by Managing Director Carey Ziegler on behalf of The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC on July 16, 2025, Goldman Sachs has renewed an administrative designation appointing eighteen specific individuals (Sadhiya Raffique, Santosh Vinayagamoorthy, D Guru Prasad, Tobi Amusan, Akash Keshari, Papa Lette, Andrzej Szyszka, Rahail Patel, Taiki Misu, Regina Chan, Mariana Audeves Martinez, Asheesh Bajaj, Abhilasha Bareja, Veronica Mupazviriwo, Sam Prashanth, Ameen Soetan, Abhishek Vishwanathan, Elizabeth Novak, and Matthew Pomfret) as attorneys-in-fact to execute and deliver filings required under Rule 13f-1 or Regulation 13D-G. The instruments remain governed by New York law, carry unilateral revocation rights, expire July 16, 2026, and expressly supersede prior powers of attorney dated July 29, 2024, and October 1, 2024. The filing reports no changes to beneficial ownership percentages, SPAC redemption parameters, trust value ($10.56 per share), target-search deadline (February 27, 2027), or sponsor activity. Why it matters: Investors tracking Rithm Acquisition Corp.’s redemption calendar, trust funding, merger progress, or sponsor conduct will find no material developments in this submission. The attachments are strictly internal compliance proxies enabling Goldman Sachs staff to submit regulatory ownership reports across multiple client or proprietary accounts. The exhibits contain zero commentary on Rithm’s business operations, pipeline targets, customer contracts, revenue metrics, market positioning, technology initiatives, partnership structures, litigation posture, or corporate governance adjustments. As a routine administrative renewal for a passive institutional blockholder, the filing carries negligible signaling value for deal acceleration or shareholder redemption pressure and should be classified as standard regulatory housekeeping.
What changed: A joint Schedule 13G beneficial ownership report, classified here as a routine compliance exhibit. The filing text identifies three reporting persons—Rithm Acquisition Corp Sponsor LLC, Rithm Capital Corp., and Michael Nierenberg—but discloses no share quantities, percentage thresholds, transaction dates, or purchase prices. Consequently, no change in beneficial ownership, redemption deadline mechanics, trust per-share value trajectory, extension authorization, or deal-stage progress is reported. The tracked deadline of 2027-02-27 and the $10.56 trust/share metric remain unaffected by this submission. Why it matters: Schedule 13G filings signal aggregate equity crossings of the 5% reporting threshold. For a SPAC in the SEARCHING phase, sponsor, corporate affiliate, and executive ownership levels directly influence liquidation outcome weighting, extension vote capacity, and target-search alignment. This excerpt confirms the sponsor ecosystem maintains an active regulatory disclosure posture, but the absence of quantified positions, purchase commitments, or pledge disclosures prevents evaluation of voting leverage or downside protection ahead of February 2027. Claims regarding customer concentration, revenue profiles, total addressable market size, technology roadmaps, partnership structures, litigation posture, or executive personnel assignments are entirely absent; therefore, no operational or strategic assertions are attributable to any party in this document.
What changed: Schedule 13G Joint Filing Statement (Exhibit I) filed pursuant to Rule 13d-1(k), functioning as a routine compliance exhibit that formally consolidates multiple First Trust-affiliated entities under a single beneficial ownership report. Nothing bearing on RAC’s SPAC mechanics occurred. The filing does not modify redemption deadlines, adjust trust share values, propose extensions, advance deal progress, or reflect sponsor conduct changes. It contains no new commercial terms, contractual obligations, or transaction triggers. The only numerical identifier in the text is the filing date, August 14, 2025. Why it matters: The exhibit confirms that First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC are jointly responsible for their aggregated RAC holdings, with signing officers Joy Ausili and Chad Eisenberg certifying SEC accuracy standards. Beyond this administrative bundling, the document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. As a standard procedural filing, it signals institutional position maintenance rather than strategic realignment or capital event execution, offering no actionable updates for investors tracking redemptions, trust dynamics, or target development.
What changed: SCHEDULE 13G/A — beneficial ownership report amending prior securities holdings disclosure. This amendment identifies three affiliated entities—AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC—as holders of RAC securities. The filing text contains no assertions, projections, or operational data attributable to the sponsor, management team, legal counsel, or third-party sources regarding the redemption timeline, trust distribution mechanics, extension voting thresholds, target acquisition progress, sponsor governance practices, customer concentrations, revenue streams, addressable market sizing, technology development, commercial partnerships, regulatory disputes, or executive leadership adjustments. The filers restrict their submission exclusively to updating registered beneficial ownership records without attaching schedules, proxy materials, or strategic commentary. Why it matters: Investors monitoring SPAC mechanics should note that this routine regulatory update introduces no new conditions, voting intentions, or deal milestones that would accelerate, delay, or structurally alter the search phase, modify extension procedures, or shift redemption pressure. The absence of disclosed position changes, voting commitments, or sponsor communications confirms no immediate operational or governance catalyst requiring calendar adjustment or affecting trust value distribution mechanics.
What changed: This filing is a routine compliance exhibit: a Schedule 13G accompanied by two Powers of Attorney submitted by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC to designate internal personnel as authorized signatories for future SEC filings. Regarding mechanics relevant to your tracking parameters, the document contains no adjustments to the redemption calendar, makes no deviation from the $10.56 trust-per-share valuation, leaves the February 27, 2027 deadline untouched without extension language, provides zero updates on deal progress or target screening, and cites no changes to sponsor conduct or capital commitment. On additional substance, the instrument exclusively lists eighteen appointed attorneys-in-fact, notes it supersedes prior powers dated July 29, 2024 and October 1, 2024, and systematically omits all commercial disclosures: per the authors, there are no claims regarding customer concentration, revenue streams, market sizing, strategic roadmaps, technological assets, partnership agreements, litigation exposure, or executive transitions tied to Rithm Acquisition Corp. Every reference derives strictly from the administrative regulatory text executed by Carey Ziegler on July 16, 2025. The submission updates the administrative signing protocol for 13D-G and 13F filings on behalf of the two Goldman Sachs entities, replacing prior appointments and establishing a new expiration of July 16, 2026. No alteration in percentage ownership, voting bloc size, or disposition intentions for RAC common stock accompanies the exhibit. Why it matters: Because the filing functions solely as an institutional housekeeping update, it delivers zero predictive signal regarding the pace of the acquisition search, the trajectory of trust yield relative to $10.56, or any governance motions leading up to the February 27, 2027 liquidation threshold. Passive holder status remains unchallenged, meaning investors monitoring redemption triggers, extension financing, or sponsor diligence cadence should treat this record as procedurally inert rather than catalytic.
What changed: Schedule 13G/A amendment, a U.S. Securities and Exchange Commission form used to publicly report changes in a person’s beneficial ownership of more than five percent of a registered class of equity securities, submitted by Healthcare of Ontario Pension Plan Trust Fund. The provided excerpt lists only the filing type, submission date (2025-08-13), internal reference number [0000950170-25-108004], and the reporting holder. Because the text contains no share quantities, aggregated ownership percentages, transaction dates, or consideration amounts, it reports no updates to Rithm Acquisition Corp.’s $10.56 trust/share balance, the 2027-02-27 business combination deadline, extension provisions, redemption mechanics, deal-execution status, or sponsor governance actions. Why it matters: According to the supplied language, the filing makes zero claims about prospective target customers, revenue projections, addressable market size, corporate strategy, intellectual property, channel partnerships, pending litigation, or management personnel. Consequently, this regulatory update neither advances nor delays investor decisions tied to the February 27, 2027 expiration window, nor does it signal redemption concentration, trust impairment, or merger negotiation momentum. Material significance remains undetermined until the full Schedule 13G/A exhibits disclose the amended percentage, block trades, or option exercises underlying the correction.
What changed: Quarterly Report (Form 10-Q) for a blank check company (SPAC) searching for a business combination target. No new business combination target identified, no extension of the combination period, and no amendments to redemption mechanics. The trust account holds $233,369,576 ($10.15 per share as of June 30, 2025), up from the initial $10.00 due to interest income. The company reported net income of $2.3 million for the quarter from trust interest. Management disclosed substantial doubt about the company's ability to continue as a going concern due to lack of liquidity to sustain operations until a deal is completed. No working capital loans were drawn. Sponsor relationships remain unchanged. Why it matters: The filing confirms the SPAC remains in the searching phase with no letter of intent or definitive agreement. The trust per-share value is slightly above $10.15, providing a minor buffer for redemptions. The going concern warning highlights the urgency to find a target within the 24-month deadline (February 2027). No sponsor misconduct or changes in redemption terms are noted.
What changed vs 2025-05-09trust $230.8M → $233.4M +1%going concern APPEAREDtrust account, going-concern doubt, redeemable shares2 moved · 1 with no prior record of ours
- Trust account
- $230.8M$233.4M
- Going-concern doubt
- not statedstated
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $2,559,465 was added to the trust between the two filings.
The clause “500 Total current assets 1,028,478 Long-term prepaid insurance 123,884 Cash held in Trust Account 233,369,576 Total Assets $ 234,521,938 Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“significant costs in pursuit of its acquisition plans. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management plans to address this uncertainty through a Business Combination.”…
The clause “200,000,000 shares authorized; 660,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) 66 Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Schedule 13G routine compliance exhibit disclosing beneficial ownership of RAC securities by Hudson Bay Capital Management LP and Sander Gerber. The filing updates the SEC's ownership registry to reflect these two parties as reported holders. The provided excerpt contains no share quantities, acquisition dates, purchase prices, or purpose statements. Consequently, it does not mechanically impact the redemption calendar, trust-per-share valuation, extension voting windows, or target-identification progress. Why it matters: For investors tracking RAC's trust environment and timeline, a bare-bones 13G excerpt without accompanying schedules or stated investment purposes does not signal imminent redemptions, capital calls for extension funding, or sponsor-related governance shifts. It also contains no operational or financial disclosures—no claims about customers, revenue, market size, technology, partnerships, litigation, or key personnel—to influence valuation or due diligence. Until the complete filing reveals the exact stake size, cost basis, and whether the holders intend to engage in a business combination, the 2027-02-27 search deadline and the existing trust composition remain functionally undisturbed by this submission.
What changed: A Schedule 13G, classified in its own terms as a beneficial ownership report filed by seven institutional entities. The filing lists Lighthouse Investment Partners, LLC; North Rock Capital Management, LLC; MAP 204 Segregated Portfolio, a segregated portfolio of LMA SPC; MAP 214 Segregated Portfolio, a segregated portfolio of LMA SPC; Shaolin Capital Partners SP, a segregated portfolio of PC MAP SPC; Eagle Harbor Multi-Strategy Master Fund Limited; and NR1 SP, a segregated portfolio of North Rock SPC, as reporting parties. The excerpt contains zero numerical figures, share quantities, percentages, or transaction dates. Accordingly, the document reports no adjustment to the trust balance, no amendment to the combination deadline, no progress update on the target search, and no statement regarding sponsor conduct or redemption mechanics. Why it matters: The filers assert that their aggregated holdings meet SEC disclosure thresholds, which routinely triggers institutional monitoring and may inform future voting behavior around any potential de-SPAC transaction or merger extension vote. However, because the submission provides only entity names and omits investment purpose clauses, the document contains no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. It functions as a routine regulatory transparency filing rather than a catalyst for the redemption calendar or commercial valuation.
What changed: SCHEDULE 13G — beneficial ownership report. The filing registers an equity position by Healthcare of Ontario Pension Plan Trust Fund in Rithm Acquisition Corp. It contains no disclosures affecting operational mechanics, including the stated liquidation deadline, the reported per-share trust accounting, extension motions, target search progress, or sponsor governance. No share quantities, cost bases, or triggering event dates are enumerated in the excerpt. Why it matters: This Schedule 13G signals baseline institutional portfolio positioning by a Canadian public pension entity. For investors tracking the SEARCHING status, passive accumulation reported here does not accelerate or delay the completion window, alter standard redemption economics tied to the existing trust balance, or indicate strategic alignment with specific business combinations. Absent disclosed control rights, voting agreements, or activist intent, the holding leaves existing timeline parameters and capital structure mechanics unchanged.
What changed: A Schedule 13G, which is a routine compliance exhibit serving as a beneficial ownership report filed with the SEC. The filing text identifies three affiliated reporting entities—AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC—as holders of the registrant’s securities. It contains no operational or financial disclosures, and provides no updates on the company's redemption mechanics, trust value, extension prospects, target search progress, or sponsor governance. The document text itself includes no numerical share quantities, percentages, or monetary values. Why it matters: Attributed solely to the filers listed in the Exhibit, the inclusion of an arbitrage-named entity alongside broader capital management entities typically signals passive, index-tracking, or market-neutral positioning rather than strategic control. For investors tracking the firm during its search phase, this filing confirms institutional coverage but offers no evidence of voting agreements, special distribution plans, or shifts in capital structure. Without disclosed share counts or recent transaction history, the impact on secondary trading volume or shareholder redemption decisions cannot be determined from this excerpt.
What changed: 10-Q quarterly report filed by Rithm Acquisition Corp. for the period ended March 31, 2025. The filing shows the SPAC's financial position post-IPO. As of March 31, 2025, the trust held $230,810,111 (redemption value $10.04 per share). The company reported net income of $680,183 for the quarter. No business combination has been announced; the company remains in the searching phase. Why it matters: This is the first 10-Q since the IPO. It confirms the trust value and the 24-month deadline (February 2027). Warrant valuation assumptions (25% probability of merger closing, 7.55% volatility) signal early-stage uncertainty. No redemption requests or extensions are mentioned.
What changed: A routine compliance exhibit consisting of a Joint Filing Agreement attached to a Schedule 13G, executed on May 9, 2025, by Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman to jointly report beneficial ownership of Rithm Acquisition Corp. shares as of March 31, 2025. No change in reported ownership, voting power, or investment intent is detailed in the attached text. The document solely registers that the four named entities agree to use Magnetar Financial LLC as their filing agent under Rule 13d-1(k), with Hayley Stein signing as attorney-in-fact for each party’s governing officer. It does not amend, update, or replace prior filings beyond establishing this administrative linkage. Why it matters: This filing bears no direct consequences on the SPAC’s operational mechanics. It does not reference the February 27, 2027 liquidation deadline, the stated $10.56 per share trust value, any amendment to the business combination timeline, shareholder approval procedures, or alterations to the sponsor’s fiduciary or voting arrangements. Because it is purely procedural, it signals continued institutional position-holding by Magnetar-affiliated vehicles as of late March 2025 but provides zero forward-looking data on target identification, deal execution, extension funding, or redemption thresholds. No claims regarding customers, revenue, market size, technology, partnerships, litigation, or personnel changes are attributed to any speaker or issuer in this document.
What changed: Form 8-K current report and an attached press release (Exhibit 99.1). The filing and attached press release announce that, commencing April 21, 2025, holders of the Company’s Units may elect to separately trade the Class A ordinary shares and warrants included in those Units. The Company specified that Units will continue to trade on the New York Stock Exchange under the symbol "RAC.U," while separated shares and warrants will trade under the symbols "RAC" and "RAC.WS." The filing notes that each Unit consists of one Class A ordinary share, par value $0.0001 per share, and one-third of one redeemable warrant exercisable for one Class A ordinary share at an exercise price of $11.50, and that no fractional warrants will be issued upon separation. According to the press release, the Company is sponsored by an affiliate of Rithm Capital Corp. The press release also attributes to the Company the statement that it "intends to target companies in the financial services and real estate sectors" and expects to evaluate opportunities relating to "digital infrastructure, including opportunities at the convergence of infrastructure and technology." The SEC declared the underlying registration statement effective on February 26, 2025, and the offering was managed by Citigroup Global Markets Inc., BTIG, LLC and UBS Investment Bank. Why it matters: This is a routine mechanical event for newly listed SPACs that allows investors to trade the equity and warrant components independently. It does not alter the redemption deadline, the per-share trust amount, or the Company's current search status. The filing provides no updates on target selection, business combination progress, trust account activity, or modifications to sponsor or redemption terms. Investors tracking the redemption calendar or trust value will find this filing purely procedural regarding security listing symbols and separation mechanics.
What changed: Form 8-K (Current Report) reporting the consummation of Rithm Acquisition Corp.’s initial public offering on February 28, 2025, and submitting an audited balance sheet dated February 28, 2025. Per Item 8.01 and the accompanying audited financial statement, on February 28, 2025, the Company completed its Initial Public Offering of 23,000,000 Public Units at $10.00 per unit, depositing $230,000,000 into a Trust Account managed by Continental Stock Transfer & Trust Company. Simultaneously, the Sponsor, Rithm Acquisition Corp Sponsor LLC, purchased 660,000 Private Placement Units at $10.00 per unit. Note 1 of the financial statement confirms management’s position that the Company has not selected any Business Combination target and has not engaged in substantive discussions with any prospective target. The Company’s organizational documents establish a 24-month Combination Period beginning on February 28, 2025, which extends to 27 months if the Company executes a letter of intent before the 24-month deadline. Note 4 records that the Sponsor originally paid $25,000 for 5,750,000 Founder Shares and transferred 75,000 of those shares to three independent director nominees for an aggregate consideration of $326. Note 8 discloses a subsequent event where, on March 4, 2025, the Sponsor remitted $1,827,861 to satisfy a $2,000,000 receivable, simultaneously retiring a $172,139 promissory note. The Company also formalized an administrative support agreement requiring $20,000 per month in payments to the Sponsor. Why it matters: The $230,000,000 trust funding fixes the absolute baseline for per-share redemption calculations across all 23,000,000 Public Shares, and anchors the hard redemption deadline calendar at exactly 24 months post-closing unless the charter’s 27-month extension clause (triggered by a letter of intent within 24 months) activates. Management’s explicit confirmation of zero target selection or negotiations places the security firmly in the pre-deal search phase, indicating that near-term catalysts should be limited to periodic financing or extension votes rather than transaction closings. Investors should monitor the $20,000 monthly sponsor fee and the availability of up to $1,500,000 in uncommitted Working Capital Loans as the primary ongoing cost structures that must be serviced from trust interest or sponsor credit. The $8,050,000 deferred underwriting commission functions as a structural contingent liability payable exclusively upon Business Combination completion, directly impacting net trust distributions in a merger scenario. Because the Company reports zero operating revenues and relies on the trust for liquidity, the filing reinforces that redemption outcomes depend entirely on whether the sponsor can deploy the $230,000,000 within the defined Combination Period or present a viable target meeting the 80% fair market value threshold noted in the prospectus.
What changed: A Form 3, which is an SEC insider ownership report and initial statement of beneficial ownership for Rithm Acquisition Corp. The filing explicitly states 'No non-derivative transactions or holdings reported' for director Ellen Schubert. There is no update to redemption mechanics, trust accounting, extension procedures, business combination timelines, or sponsor conduct. Why it matters: This submission establishes a regulatory baseline to monitor future Section 16 filings for the named director. It contains no operational, financial, or strategic assertions, no mentions of customers, revenue, market size, strategy, technology, partnerships, litigation, or additional personnel beyond confirming Schubert’s board designation. Because zero holdings and zero transactions are recorded, the filing provides no signal of management capital commitment, target search momentum, or sponsor alignment, rendering it routine and immaterial to public shareholder evaluation during the SEARCHING phase.
What changed: 8-K filed to report the consummation of Rithm Acquisition Corp.'s initial public offering and the entry into the standard suite of SPAC formation agreements. The Company closed its IPO of 23,000,000 units (including full exercise of the over-allotment option) at $10.00 per unit, generating gross proceeds of $230,000,000. Of this, $200,000,000 of net proceeds (including $7,000,000 in deferred underwriting discounts) plus $4,000,000 from the private placement were deposited into the trust account, establishing an initial trust value of $10.00 per public share. Simultaneously, the Sponsor purchased 660,000 Private Placement Units at $10.00 per unit ($6,600,000 total). The Company executed the Underwriting Agreement, Investment Management Trust Agreement, Warrant Agreement, Private Placement Units Purchase Agreement, Registration and Shareholder Rights Agreement, Letter Agreement (with lock-ups and voting commitments), and Administrative Services Agreement. It also appointed Ellen Schubert as a director and adopted Amended and Restated Memorandum and Articles of Association. Why it matters: This filing confirms the SPAC's baseline structure: the trust holds $10.00 per share; the deadline to complete a business combination is 24 months from the closing (February 28, 2027, extendable up to 27 months if a definitive agreement is signed within 24 months); public warrants are exercisable at $11.50 and redeemable at $0.01 per warrant when shares trade at $18.00+; Founder Shares are locked up until 180 days after a business combination; Private Placement Units are locked up for 30 days post-combination; the Sponsor has agreed to vote in favor of any initial business combination and not to redeem its shares; and the Company intends to target financial services, real estate, and digital infrastructure sectors.
What changed: A final prospectus (Form 424B4) filed pursuant to Rule 424(b)(4) registering the initial public offering of 20,000,000 units of Rithm Acquisition Corp. The prospectus codifies a 24-month completion window that may extend to 27 months if a definitive agreement is signed within 24 months, with further extensions potentially reaching 36 months subject to shareholder votes that concurrently trigger redemption rights. Why it matters: The mechanical framework ties sponsor economics heavily to early de-SPAC execution, given founder shares acquired at $0.004 per share, an anti-dilution provision targeting a 20% post-combination class ratio, and waived liquidation rights on private shares. The 15% redemption limitation and warrant expiration upon liquidation create asymmetric risk profiles between public shareholders and insiders. Time sensitivity stems from the fixed 24-to-36 month search horizon, which the filing notes may give target businesses negotiation leverage.
What changed: Form 3 — insider ownership report. According to the filing, reporting person Gary Kalk (director) submitted a disclosure stating he holds zero non-derivative transactions and zero holdings. This directly bears on the specified tracking mechanics: the document confirms no movement in director equity, meaning no altered signals regarding shareholder redemption pacing at the $10.56 trust per share level, no update impacting the February 27, 2027 business combination deadline, no extension proposal, no target acquisition progress, and no deviation from standard sponsor conduct protocols. Why it matters: Per the submission, there are no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or additional personnel changes. For investors monitoring Rithm Acquisition Corp., the report establishes that insider balance sheet activity remained static as of the February 26, 2025 filing date. According to the document, the lack of disclosed transactions or equity positions leaves sponsorship alignment metrics and capital structure implications unchanged leading up to the stated operational cutoff.
What changed: A SEC Form 3 initial statement of beneficial ownership, classified as a routine regulatory compliance exhibit filed by an insider. According to the filing itself, there are "No non-derivative transactions or holdings reported" by director and Chief Executive Officer Michael Nierenberg. The submission contains no updates to insider share counts, meaning no changes occurred to sponsor conduct, targeted capital commitments, or defensive equity positioning relative to the redemption timeline or trust mechanics. Why it matters: For investors tracking SPAC execution windows, this clearance filing confirms the chief executive has not recorded any baseline equity accumulation or disposition during the reporting window. The document makes no claims about customers, revenue streams, market sizing, proprietary technology, commercial partnerships, litigation exposure, or management restructuring. Because the filing discloses zero changes in ownership, it establishes a verified baseline for future Form 4 transparency without altering the existing business-combination search parameters or trust distribution framework.
What changed: A Form 3 initial statement of beneficial ownership filed pursuant to Section 16(a) of the Securities Exchange Act, identifying Rithm Acquisition Corp. Chief Financial Officer Varun Wadhawan as the reporting person. The filing discloses no non-derivative transactions or holdings for the reporting executive. The Form 3 records zero change to insider equity positions, warrant exercises, or option grants for the specified reporting period. Why it matters: As a routine compliance exhibit, this filing addresses the requested mechanics by confirming no alteration to sponsor or executive capital commitment, dilution exposure, or governance signaling at this juncture. The absolute absence of reported acquisitions, dispositions, or derivative movements neither advances the search-to-deal timeline, indicates pre-announcement accumulation ahead of a business combination, nor impacts trust fund mechanics surrounding redemption windows. The document contains no substantive operational, financial, or strategic claims; it serves solely as a statutory confirmation of unchanged insider ownership posture.
What changed: Form 8-A for registration of certain classes of securities pursuant to Section 12(b) of the Securities Exchange Act of 1934. The filing registers Rithm Acquisition Corp.’s units, Class A ordinary shares (par value $0.0001 per share), and redeemable warrants (exercise price $11.50) for listing on the New York Stock Exchange, incorporating by reference the S-1 prospectus originally filed February 3, 2025. It does not amend the SPAC’s SEARCHING status, adjust the February 27, 2027 business combination deadline, change the $10.56 per-share trust value, or disclose any deal progress, extension vote, or shareholder redemption mechanics. Why it matters: This administrative listing confirms the regulatory completion of the public offering structure previously disclosed. It contains no claims about customer concentration, revenue milestones, addressable market size, technology patents, partnership agreements, litigation defenses, or sponsor investment activity. The registrant, via Chairman & CEO Michael Nierenberg who executed the form on February 26, 2025, merely certifies the listed instruments’ eligibility for exchange trading. Because it addresses only exchange registration rather than corporate development, the filing does not move the needle on the existing February 27, 2027 timeline or the stated $10.56 trust baseline; it solely locks in the $11.50 warrant strike and $0.0001 par value framework contained in the original Registration Statement on Form S-1 (File No. 333-284671).
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.