other material
confidence high
sentiment neutral
materiality 0.50
RF Acquisition Corp III closes $100M IPO and $3.5M private placement
RF Acquisition Corp III
- Consummated IPO of 10M units at $10/unit, gross proceeds of $100M.
- Simultaneous private placement of 350K units at $10/unit to sponsor and EBC, gross $3.5M.
- Underwriters declined over‑allotment; sponsor will forfeit 500K founder shares.
- Net proceeds of $100M deposited into trust account as of Feb 17, 2026.
- Audited balance sheet shows cash $1.15M, working capital $584K, no operating revenue.