On October 12, 2023, Sculptor Capital Management Inc announced that Rithm Capital Corp. and the Company have amended the terms of their previously announced definitive merger agreement (the Amended Agreement) pursuant to which Rithm will acquire the Company. The Company added that under the Amended Agreement, which has been approved by the boards of directors of both companies, the Company Class A stockholders will receive $12.00 per share, representing an increase of 7.62% over Rithm?s previously agreed price of $11.15 per Class A share announced on July 24, 2023, and an aggregate transaction value of approximately $676 million.

The Company stated that its board of directors are acting on the recommendation of the special committee of independent members of the Company?s board of directors who has approved and recommended that stockholders to vote to adopt the Amended Agreement at the Company?s special meeting of stockholders to be held on November 16, 2023. Further, the Company mentioned that stockholders will be entitled to vote their shares at the Special Meeting as of the close of business on October 17, 2023, and stated that all regulatory approvals necessary to consummate the transaction have been received and the fund investor consent threshold of 85% has currently been met (although this is subject to change at the time of closing).