RF Acquisition Corp II completes $100M IPO and overallotment; trust holds $115.6M

RF Acquisition Corp II

IPO of 10,000,000 units at $10.00 per unit generated $100M gross proceeds.
Private placement of 400,000 units to sponsor and underwriter's rep raised $4M.
Underwriters exercised overallotment in full for 1,500,000 units, adding $15M in gross proceeds.
Total of $115,575,000 deposited in trust account as of May 23, 2024.
Audited balance sheet as of May 21, 2024 filed; auditor notes substantial doubt about going concern.

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