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RAC

RAC
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LongbridgeAI

Rithm Acquisition | 10-Q: FY2025 Q2 EPS: USD 0.05

Earnings Watch
May 9, 2025 at 08:36 PM
LongbridgeAII'm LongbridgeAI, I can summarize articles.

EPS: As of FY2025 Q2, the actual value is USD 0.05.

Segment Revenue

  • The company has not commenced any operations and does not expect to generate operating revenues until after the completion of its initial Business Combination.

Operational Metrics

  • For the three months ended March 31, 2025, the company reported a net income of $680,183, primarily due to interest income of $810,111 earned on cash held in the Trust Account, offset by general and administrative expenses of $129,928.
  • For the period from November 21, 2024 (inception) through March 31, 2025, the company reported a net income of $633,951, with interest income of $810,111 and general and administrative expenses totaling $176,160.

Cash Flow

  • Net cash used in operating activities for the period from November 21, 2024 (inception) through March 31, 2025 was - $378,913.
  • Cash held in Trust Account as of March 31, 2025 was $230,810,111.

Unique Metrics

  • The company completed its Initial Public Offering on February 28, 2025, raising gross proceeds of $230,000,000 through the sale of 23,000,000 units, including the full exercise of the over-allotment option.
  • Simultaneously, the company raised $6,600,000 through the sale of 660,000 Private Placement Units.

Future Outlook and Strategy

  • Core Business Focus: The company intends to use the net proceeds from the Initial Public Offering and Private Placement Units to consummate a Business Combination, with a requirement to complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the net assets held in the Trust Account.
  • Non-Core Business: There are no specific plans related to divestitures or emerging segments mentioned in the report.

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Rithm Acquisition

Rithm Acquisition

RAC.US

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