Rithm will publicly offer up to 34.5M shares of common stock
Briefly

from www.housingwire.com4 months ago
Rithm Capital plans to raise about $395 million by selling up to 34.5 million shares of common stock for general corporate purposes, including acquisitions.
www.housingwire.comhttps://www.housingwire.com/articles/rithm-offers-up-to-34-5-m-shares-of-common-stock-in-public-offering/
The offering includes an option for investors to buy an additional 4.5 million shares. Rithm's stock price dropped over 3% during after-hours trading following the announcement.
www.housingwire.comhttps://www.housingwire.com/articles/rithm-offers-up-to-34-5-m-shares-of-common-stock-in-public-offering/
Rithm Capital has shifted from being a real estate investment trust to an asset manager, undertaking significant acquisitions including Sculptor Capital Management for nearly $720 million.
www.housingwire.comhttps://www.housingwire.com/articles/rithm-offers-up-to-34-5-m-shares-of-common-stock-in-public-offering/
With $1.5 billion in liquidity as of June, Rithm also reported a GAAP net income of $213.2 million in Q2 2024, a decline from the previous quarter.
www.housingwire.comhttps://www.housingwire.com/articles/rithm-offers-up-to-34-5-m-shares-of-common-stock-in-public-offering/
Read at www.housingwire.com
#rithm-capital #public-offering #asset-management #corporate-finance #stock-market
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