other material
confidence high
sentiment neutral
materiality 0.55
RF Acquisition Corp. corrects prior disclosure: no promissory note for extension payments
RF Acquisition Corp.
- Amendment clarifies that six monthly extension payments of $0.03 per share will not be accompanied by a promissory note.
- Stockholders approved extension to March 28, 2025; 1,170,280 shares redeemed at ~$11.23/share for ~$13.1M total.
- Post-redemption trust account balance is approximately $17,672,551.
- Charter amendment filed on September 23, 2024 to reflect the extension.