Company: RITM-PC
Filing Date: 2025-12-19
Form Type: 8-K
Source: 0001140361-25-046188
Chunk: 1

Company: Rithm Capital Corp.
Filing Date: 2025-12-19
Form: 8-K
Item: Item 2.01
Chunk 1
---
 (the “ OP Agreement”)) in effect on such date
with respect to such Operating Partnership Common Units multiplied by (ii) $6.60, without interest (the “ Partnership Merger Consideration”).

Each issued and outstanding Operating Partnership Common Unit held by (i) the Rithm Parties or any of their respective subsidiaries or (ii)
Paramount or any of its subsidiaries (the “ Acquired Companies”) as of the Partnership Merger Effective Time was automatically retired and ceased to exist, and no consideration was paid, nor did any rights
inure or were any rights made with respect to such Operating Partnership Common Units in connection with or as a consequence of the Mergers.

As a result of the Company Merger, in accordance with the terms of the Merger Agreement, at the effective time of the Company Merger (the “ Company Merger Effective Time”), each share of common stock, par value $0.01 per share, of Paramount (the “ Company Common Stock”) that was issued and outstanding
immediately prior to the Company Merger Effective Time was automatically cancelled and converted into the right to receive an amount in cash equal to $6.60 per share, without interest (the “ Company Merger
Consideration”).

Each issued and outstanding share of Company Common Stock held by (i) the Rithm Parties or any of their respective subsidiaries or (ii) any of the
Acquired Companies as of the Company Merger Effective Time was automatically retired and ceased to exist, and no consideration was paid, nor did any rights inure or were any rights made with respect to such shares of Company Common Stock in
connection with or as a consequence of the Mergers.

Paramount Compensatory Awards

At the Company Merger Effective Time and as a result of the Company Merger, (i) each option to purchase shares of Company Common Stock that was
outstanding immediately prior to the Company Merger Effective Time was cancelled for no consideration and (ii) each restricted share of Company Common Stock that was outstanding immediately prior to the Company Merger Effective Time was cancelled
and converted into the right to receive a cash payment equal to the Company Merger Consideration (subject to applicable tax withholding), without interest.

Operating Partnership Compensatory Awards

At the Partnership Merger Effective Time, (i) each award of long-term incentive plan units of the Operating Partnership (the “ Operating Partnership LTIP Units”) that was subject only to time-based vesting conditions vested in full (to the extent such