RF Acquisition Corp. Announces Updated Per Share Redemption Price in Connection With Upcoming Special Meeting
RF Acquisition Corp. (RFAC), a blank check company based in Singapore, has announced an updated per-share redemption price of approximately $11.24 for its public shares. This announcement comes ahead of the special meeting of stockholders scheduled for September 23, 2024. The redemption price aligns with the closing price of RFAC's Class A Common Stock on September 13, 2024.
RFAC, incorporated in 2021, aims to effect a business combination with one or more businesses, focusing on the Southeast Asian new economy sector or other global targets. The company's primary purpose is to pursue mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations.
RF Acquisition Corp. (RFAC), una società di tipo blank check con sede a Singapore, ha annunciato un aggiornamento del prezzo di riscatto per azione di circa 11,24 dollari per le sue azioni pubbliche. Questo annuncio arriva in vista della riunione speciale degli azionisti prevista per il 23 settembre 2024. Il prezzo di riscatto è in linea con il prezzo di chiusura delle azioni comuni di classe A di RFAC del 13 settembre 2024.
RFAC, incorporata nel 2021, mira a realizzare una combinazione aziendale con una o più aziende, concentrandosi sul settore della nuova economia del sud-est asiatico o su altri obiettivi globali. Lo scopo principale della società è perseguire fusioni, scambi di capitale, acquisizioni di beni, acquisti di azioni, riorganizzazioni o simili combinazioni aziendali.
RF Acquisition Corp. (RFAC), una empresa de cheque en blanco con sede en Singapur, ha anunciado un precio actualizado de rescate por acción de aproximadamente $11.24 para sus acciones públicas. Este anuncio se realiza antes de la reunión especial de accionistas programada para el 23 de septiembre de 2024. El precio de rescate se alinea con el precio de cierre de las acciones comunes de Clase A de RFAC del 13 de septiembre de 2024.
RFAC, constituida en 2021, tiene como objetivo efectuar una combinación empresarial con una o más empresas, centrándose en el sector de la nueva economía del sudeste asiático o en otros objetivos globales. El propósito principal de la empresa es perseguir fusiones, cambios de capital, adquisiciones de activos, compras de acciones, reorganizaciones o combinaciones empresariales similares.
RF Acquisition Corp. (RFAC)는 싱가포르에 본사를 둔 빈 체크 회사로, 공식 주식에 대한 업데이트된 주당 환매 가격을 약 $11.24로 발표했습니다. 이 발표는 2024년 9월 23일로 예정된 주주 특별 회의를 앞두고 이루어졌습니다. 환매 가격은 2024년 9월 13일 RFAC의 클래스 A 보통주 종가와 일치합니다.
2021년에 설립된 RFAC는 하나 이상의 기업과의 사업 결합을 진행하는 것을 목표로 하며, 동남아시아 신경제 부문 또는 기타 글로벌 목표에 집중하고 있습니다. 회사의 주요 목적은 합병, 자본 주식 교환, 자산 인수, 주식 구매, 조직 개편 또는 유사한 사업 결합을 추구하는 것입니다.
RF Acquisition Corp. (RFAC), une société d'acquisition par chèque sans but lucratif basée à Singapour, a annoncé un prix de rachat par action mis à jour d'environ 11,24 $ pour ses actions publiques. Cette annonce intervient avant la réunion spéciale des actionnaires prévue pour le 23 septembre 2024. Le prix de rachat est en adéquation avec le prix de clôture de l'action ordinaire de classe A de RFAC au 13 septembre 2024.
RFAC, constituée en 2021, vise à réaliser une combinaison d'entreprises avec une ou plusieurs entreprises, en se concentrant sur le secteur de la nouvelle économie en Asie du Sud-Est ou sur d'autres cibles mondiales. L'objectif principal de la société est de poursuivre des fusions, des échanges de capital, des acquisitions d'actifs, des achats d'actions, des réorganisations ou des combinaisons d'entreprises similaires.
RF Acquisition Corp. (RFAC), ein Blankoche-Unternehmen mit Sitz in Singapur, hat einen aktualisierten Rücknahmepreis pro Aktie von etwa 11,24 $ für seine öffentlichen Aktien bekannt gegeben. Diese Ankündigung erfolgt vor der außerordentlichen Hauptversammlung der Aktionäre, die für den 23. September 2024 geplant ist. Der Rücknahmepreis stimmt mit dem Schlusskurs der Klasse A Stammaktien von RFAC am 13. September 2024 überein.
RFAC, 2021 gegründet, verfolgt das Ziel, eine Unternehmenszusammenschluss mit einem oder mehreren Unternehmen durchzuführen, wobei der Fokus auf dem neuen Wirtschaftssektor in Südostasien oder anderen globalen Zielen liegt. Das Hauptziel des Unternehmens ist es, Fusionen, Kapitalaktienaustausch, Vermögensübernahmen, Aktienkäufe, Umstrukturierungen oder ähnliche Unternehmenszusammenschlüsse zu verfolgen.
- Per-share redemption price matches the recent closing price of Class A Common Stock
- Company maintains focus on potentially lucrative Southeast Asian new economy sector
- Potential dilution of shareholder value if redemptions occur
- No specific business combination target announced yet
SINGAPORE, Sept. 17, 2024 (GLOBE NEWSWIRE) -- RF Acquisition Corp. (“RFAC” or the “Company”) today announced that, in connection with the upcoming special meeting of stockholders scheduled to be held September 23, 2024, the per-share price at which public shares will be redeemed from cash held in the Company’s trust account will be approximately
About RFAC
RFAC is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While RFAC may pursue an initial business combination target in any business, industry, or geographic location, it intends to search globally for target companies within the Southeast Asian new economy sector or elsewhere. RFAC was incorporated in 2021 and is based in Singapore.
Forward-Looking Statements
This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates, and forecasts of revenue and other financial and performance metrics, and projections of market opportunity and expectations. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of the Company’s management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this Press Release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain.
In addition, there are risks and uncertainties described in the Proxy Statement, which is filed by the Company with the SEC and other documents filed by the Company from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The Company cannot assure you that the forward-looking statements in this Press Release will prove to be accurate and are subject to other risks and uncertainties, including those to included under the heading “Risk Factors” in the Proxy Statement and those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on April 25, 2024, the Quarterly Reports on Form 10-Q filed with the SEC on June 26, 2024 and August 23, 2024, respectively. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The Company cautions that the foregoing list of factors is not exclusive. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. However, while the Company may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this press release. Except as may be required by law, the Company undertakes no duty to update these forward-looking statements.
Additional Information and Where To Find It
In connection with the Special Meeting, the Company filed with the U.S. Securities and Exchange Commission (the “SEC”) a proxy statement (the “Proxy Statement”), which was distributed to holders of the Company’s common stock in connection with the Company’s solicitation of proxies for a vote by the Company’s stockholders with respect to a proposal to allow the Company to extend the date by which the Company must consummate a business combination from September 28, 2024 to March 28, 2025 (the “Extension Amendment Proposal”) composed of six monthly extensions and other matters as discussed in the Proxy Statement. This communication is not a substitute for the Proxy Statement or any other documents that the Company sends to its stockholders in connection with the Special Meeting. The Company’s stockholders and other interested persons are advised to read carefully and in its entirety the Proxy Statement, as well as any other documents filed with the SEC, as these materials contain important information about the Special Meeting. Stockholders are able to obtain copies of the Proxy Statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to the Company at RF Acquisition Corp., 111 Somerset, #05-06, Singapore 238164, Attention: Tse Meng Ng.
Participants in the Solicitation
The Company and its directors and executive officers may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to the Special Meeting and Extension Amendment Proposal. A list of the names of those directors and executive officers and a description of their interests in the Company is contained in the Company’s Annual Report on Form 10-K, which was filed with the SEC on April 25, 2024, and is available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to RF Acquisition Corp., 111 Somerset, #05-06, Singapore 238164, Attention: Tse Meng Ng.
No Offer or Solicitation
This press release shall not constitute a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities and does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Company Contact:
Tse Meng Ng
Chairman and CEO
tsemeng.ng@ruifengwealth.com
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