Welcome to our dedicated page for RF Acquisition II Unit news (Ticker: RFAIU), a resource for investors and traders seeking the latest updates and insights on RF Acquisition II Unit stock.
RF Acquisition Corp II Unit (symbol: RFAIU) is a blank check company focused on acquiring or merging with businesses in the finance sector. Led by Chairman and CEO Tse Meng Ng, the company is actively seeking opportunities to create value for its shareholders. With a strong network and expertise in the financial industry, RF Acquisition Corp II aims to identify strategic partnerships and investments that drive growth and profitability.
RF Acquisition Corp II (NASDAQ: RFAIU) announced that starting July 5, 2024, holders of the 11,500,000 units sold in its initial public offering can choose to trade the ordinary shares and rights separately. Units not separated will continue to trade under the symbol 'RFAIU,' while the separated shares and rights will trade under 'RFAI' and 'RFAIR,' respectively. To separate units, unitholders must have their brokers contact Continental Stock Transfer & Trust Company. EarlyBirdCapital, Inc. managed the offering, which was made by prospectus after being declared effective by the SEC on May 16, 2024. Copies of the prospectus can be obtained from EarlyBirdCapital, Inc.
RF Acquisition Corp II announced the pricing of its $100 million initial public offering (IPO) of 10,000,000 units at $10.00 per unit. Trading starts on May 17, 2024, on Nasdaq under the ticker 'RFAIU'. Each unit includes one ordinary share and one right to receive one-twentieth of an ordinary share. The ordinary shares and rights will trade separately under 'RFAI' and 'RFAIR' once the units separate. The offering is set to close on May 21, 2024, pending usual conditions. RF Acquisition Corp II, a blank check company, aims to merge with or acquire businesses but has no specific targets yet. EarlyBirdCapital is the sole bookrunner and Revere Securities co-manages the offering. The Company offers an option for underwriters to buy an extra 1,500,000 units within 45 days to cover over-allotments.
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