04:14 PM EDT, 09/24/2024 (MT Newswires) -- Rithm Capital ( RITM ) said late Tuesday it has started a public offering of 30 million common shares.

The company said it expects to grant underwriters a 30-day option to buy up to an additional 4.5 million shares.

Net proceeds from the offering will be used for general corporate purposes, the company added.

Shares of Rithm fell 4.2% in recent after-hours activity.

Price: 11.30, Change: -0.49, Percent Change: -4.16