Did Rightmove increase its AI investment?
Yes, Rithm Property Trust Inc. (RPT) announced a 1-for-6 reverse stock split that became effective before the market opened on December 31, 2025. As part of this corporate action, every six existing common shares were consolidated into one new share. To facilitate this process, cash was paid in lieu of fractional shares. This event resulted in contract adjustments for existing options and futures related to the company's stock, with ticker symbols being updated from RPT to RPT1 to reflect the change. Market participants were notified that the underlying deliverables for these contracts would be adjusted to account for the new share count and the associated cash payment for fractional portions.
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