---
title: "Rithm Acquisition | 10-Q: FY2025 Q2 EPS: USD 0.05"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239635176.md"
datetime: "2025-05-09T20:36:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239635176.md)
  - [en](https://longbridge.com/en/news/239635176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239635176.md)
---

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

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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- [RAC.US](https://longbridge.com/en/quote/RAC.US.md)

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