M&A
confidence high
sentiment positive
materiality 0.90
RF Acquisition Corp.: Nasdaq/NYSE listing notice — RFAC shareholders approve GCL merger; Nasdaq grants listing exception through March 23, 2025
RF Acquisition Corp.
- Stockholders voted 3,874,618 to 2,985 to approve the business combination with GCL Global Holdings Ltd.
- Nasdaq Hearings Panel granted continued listing until March 23, 2025, subject to compliance with Listing Rule 5405.
- Holders of 1,522,973 shares elected redemption; public float reduced to 51,396 shares out of 3,126,376 outstanding.
- Merger expected to close in coming weeks; combined company ordinary shares and warrants to trade as "GCL" and "GCLW" on Nasdaq.