other
confidence high
sentiment neutral
materiality 0.50
RF Acquisition Corp II closes $100M IPO; $100.5M placed in trust
RF Acquisition Corp II
- Priced 10M units at $10.00 each; gross proceeds $100M; units trade on Nasdaq under RFAIU.
- Simultaneous private placement of 400,000 units (355K sponsor, 45K underwriter) raised additional $4M.
- Total of $100.5M deposited into trust account with Continental Stock Transfer & Trust.
- Company is a blank-check SPAC with 18 months to complete an initial business combination.
- No target identified yet; led by CEO Tse Meng Ng and CFO Chee Soon Tham.