04:21 AM EDT, 09/25/2024 (MT Newswires) -- Rithm Capital ( RITM ) said late Tuesday it priced a public offering of 30 million common shares for gross proceeds of about $342.9 million.

The company said it granted underwriters an option to purchase up to 4.5 million additional shares. Rithm plans to use the net proceeds for general corporate purposes.

The share sale will likely close on Thursday.

Shares of the company fell 3.5% in premarket activity Wednesday.

Price: 11.40, Change: -0.41, Percent Change: -3.47