|8-KJan 30, 4:30 PM ET

Rithm Acquisition Corp. 8-K

Research Summary

AI-generated summary

Updated

Rithm Acquisition Corp. Receives NYSE Notice Over Shareholder Minimum

What Happened
Rithm Acquisition Corp. announced it received a notice from the New York Stock Exchange on January 26, 2026, stating the company is not in compliance with Section 802.01B of the NYSE Listed Company Manual, which requires a minimum of 300 public stockholders. The company must submit a business plan within 45 days showing how it will regain compliance within 18 months.

Key Details

  • Notice date: January 26, 2026; 45 days to submit a plan to the NYSE.
  • Listing standard cited: NYSE Listed Company Manual Section 802.01B (minimum 300 public stockholders).
  • Timeframe if plan submitted: NYSE has 45 days to review the plan; plan must show return to compliance within 18 months.
  • Immediate impact: The notice does not immediately affect listing or trading; securities will continue to trade if the NYSE approves the plan, subject to progress reviews and other NYSE standards. Failure to have an accepted plan or to comply could lead to suspension and delisting procedures.

Why It Matters
This notice signals the company currently lacks the minimum number of public shareholders required for NYSE listing. For investors, the key items to watch are the business plan Rithm files (due within 45 days) and subsequent NYSE decisions or progress updates; those will determine whether the company's shares remain listed on the NYSE for the up-to-18-month cure period or face potential suspension/delisting. Monitor the company’s future SEC filings and press releases for the submitted plan and NYSE responses.