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Rf Acqsn - RFACU STOCK NEWS

Welcome to our dedicated page for Rf Acqsn news (Ticker: RFACU), a resource for investors and traders seeking the latest updates and insights on Rf Acqsn stock.

RF Acquisition Corp (RFACU) is a blank check company that has recently entered into a business combination agreement with Grand Centrex Limited (GCL Asia), one of Asia's leading video game distributors and publishers. GCL Asia, along with its subsidiaries, provides a wide range of gaming services in East Asia and Southeast Asia. The merger aims to create a publicly listed company on Nasdaq under the ticker symbol 'GCL.' With a focus on game publishing and IP management, GCL Asia has established itself as a key player in the Asian gaming market, partnering with international game publishers and developers. The company plans to leverage its experience to deliver high-quality gaming experiences to the rapidly growing Asian gaming community.

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GCL Asia, a leading video game distribution and publishing group in Asia, has entered into a definitive business combination agreement with RF Acquisition Corp. The proposed transaction will result in GCL Asia becoming a publicly listed company. GCL Asia aims to become the next Asian powerhouse in gaming entertainment and content marketing by leveraging its partnerships and expanding into game publishing and IP management.
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RF Acquisition Corp. (NASDAQ: RFACU) announced that starting April 20, 2022, holders of its 11,500,000 IPO units can separately trade the Class A common stock, rights, and warrants. The separated securities will trade under new symbols: RFAC, RFACR, and RFACW. The units were initially offered in an underwritten IPO managed by EarlyBirdCapital, Inc. The company, a blank check entity, has not yet selected a specific business combination target. This press release contains forward-looking statements regarding the unit separation, which may be subject to various conditions.

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RF Acquisition Corp. (NASDAQ: RFACU) announced that its underwriter exercised an over-allotment option, purchasing an additional 1,500,000 units at $10.00 each, bringing the total units issued to 11,500,000 and raising $115,000,000. Each unit consists of Class A common stock, a redeemable warrant, and a right to receive one-tenth of a share of Class A common stock. The company is a blank check firm with no specific business combination target identified yet. EarlyBirdCapital, Inc. managed the offering, and the registration was effective as of March 23, 2022.

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RF Acquisition Corp. announced the closing of its initial public offering on March 28, 2022, raising $100 million by offering 10,000,000 units at $10.00 each. The units began trading on Nasdaq under the symbol RFACU on March 24, 2022. Each unit includes one share of Class A common stock, one redeemable warrant (exercisable at $11.50), and a right to receive one-tenth of a share of Class A common stock. The company has not yet selected a specific business combination target and has engaged in no substantive discussions regarding such a target.

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On March 23, 2022, RF Acquisition Corp. announced the pricing of its initial public offering (IPO) of 10,000,000 units at $10.00 each, set to trade on Nasdaq under the symbol RFACU from March 24, 2022. Each unit includes one share of Class A common stock, one redeemable warrant, and a right to receive a fraction of common stock. The offering is expected to close on March 28, 2022, subject to customary conditions. The company is a blank check entity aiming to merge or acquire one or more businesses but has not yet identified a specific target.

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FAQ

What is the current stock price of Rf Acqsn (RFACU)?

The current stock price of Rf Acqsn (RFACU) is $3.17 as of February 13, 2025.

What is RF Acquisition Corp (RFACU)?

RF Acquisition Corp is a blank check company that is merging with GCL Asia, a prominent Asian video game distributor and publisher.

What is the Proposed Transaction involving RF Acquisition Corp and GCL Asia?

The Proposed Transaction is a definitive business combination agreement that will result in GCL Asia becoming a publicly listed company on Nasdaq under the ticker symbol 'GCL.'

What are the core business activities of GCL Asia?

GCL Asia provides a full suite of gaming services in East Asia and Southeast Asia, focusing on game publishing and IP management.

What are some of the notable achievements of GCL Asia in the gaming industry?

GCL Asia has been the exclusive distributor and marketer for several best-selling games in the region, including 'The Witcher 3' and 'Cyberpunk 2077.'

Who are the key executives leading the Combined Company after the merger?

The Combined Company will be led by Jacky See Wee Choo, Group Chairman of GCL, Sebastian Toke, Group CEO of GCL, and other key executive leadership members.

How does GCL Asia plan to leverage its partnerships with global game publishers?

GCL Asia aims to bring Asian-developed games to the global market and vice versa by utilizing its comprehensive gaming ecosystem.

What is the expected financial outcome of the Proposed Transaction for GCL Asia?

The Proposed Transaction is expected to give GCL Asia approximately $1.2 billion in pre-transaction equity value.

When is the closing of the Proposed Transaction between RF Acquisition Corp and GCL Asia expected?

The closing of the Proposed Transaction is anticipated to be in the second quarter of 2024, subject to shareholders' approval and customary closing conditions.

What are the growth prospects for GCL Asia in the Asian gaming market?

GCL Asia plans to capitalize on the growing Asian gaming market by focusing on game publishing and IP management, catering to the evolving needs of Asian gamers.

Who are the advisors involved in the Proposed Transaction between RF Acquisition Corp and GCL Asia?

Loeb & Loeb, Winston & Strawn LLP, Icon Law, and Early Bird Capital Inc. are among the advisors assisting in the Proposed Transaction.
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