W. R. Berkley Corporation reports beneficial ownership of 766,425 ordinary shares of RF ACQUISITION CORP II, representing 9.2% of the class. The filing states Berkley holds no sole voting or dispositive power and reports shared voting and shared dispositive power over 766,425 shares. The Schedule 13G lists the issuer's class as Ordinary shares, par value $0.0001, CUSIP G75389109, and provides Berkley’s business address in Greenwich, Connecticut.
W. R. Berkley Corporation reports beneficial ownership of 766,425 ordinary shares of RF ACQUISITION CORP II, representing 9.2% of the class. The filing states Berkley holds no sole voting or dispositive power and reports shared voting and shared dispositive power over 766,425 shares. The Schedule 13G lists the issuer's class as Ordinary shares, par value $0.0001, CUSIP G75389109, and provides Berkley’s business address in Greenwich, Connecticut.
RF Acquisition Corp II reported unaudited results for the quarter ended March 31, 2026, while continuing to pursue its planned business combination with Nanyang Biologics under the existing Business Combination Agreement.
The SPAC recorded net income of $93,702, driven by $454,296 of interest on cash held in its trust account, partly offset by $360,594 of general, administrative and operational costs. This compares with net income of $1,020,970 for the same quarter in 2025, when trust interest was higher at $1,234,208.
At March 31, 2026, cash in the trust account totaled $52,891,674, while cash outside the trust account was $34,737. Ordinary shares subject to possible redemption were 4,831,265 at a redemption value of $10.95 per share, and there were 3,512,500 non-redeemable ordinary shares outstanding as of May 7, 2026.
Management disclosed a working capital deficit of $928,243 and stated that substantial doubt exists about the company’s ability to continue as a going concern within one year, absent completion of a business combination or additional financing. The company has until August 15, 2026 to consummate a transaction, following shareholder approval of multiple monthly extensions funded by deposits of $0.03 per public share into the trust account.
RF Acquisition Corp II reported unaudited results for the quarter ended March 31, 2026, while continuing to pursue its planned business combination with Nanyang Biologics under the existing Business Combination Agreement.
The SPAC recorded net income of $93,702, driven by $454,296 of interest on cash held in its trust account, partly offset by $360,594 of general, administrative and operational costs. This compares with net income of $1,020,970 for the same quarter in 2025, when trust interest was higher at $1,234,208.
At March 31, 2026, cash in the trust account totaled $52,891,674, while cash outside the trust account was $34,737. Ordinary shares subject to possible redemption were 4,831,265 at a redemption value of $10.95 per share, and there were 3,512,500 non-redeemable ordinary shares outstanding as of May 7, 2026.
Management disclosed a working capital deficit of $928,243 and stated that substantial doubt exists about the company’s ability to continue as a going concern within one year, absent completion of a business combination or additional financing. The company has until August 15, 2026 to consummate a transaction, following shareholder approval of multiple monthly extensions funded by deposits of $0.03 per public share into the trust account.
RF Acquisition Corp II ownership disclosure: Karpus Management, Inc. reports beneficial ownership of 1,640,733 shares of Common stock, representing 19.66% of the class. The filing is Amendment No. 3 to a Schedule 13G/A and is signed by Karpus' Chief Compliance Officer on 04/07/2026.
RF Acquisition Corp II ownership disclosure: Karpus Management, Inc. reports beneficial ownership of 1,640,733 shares of Common stock, representing 19.66% of the class. The filing is Amendment No. 3 to a Schedule 13G/A and is signed by Karpus' Chief Compliance Officer on 04/07/2026.
Karpus Management, Inc. amended a Schedule 13G to report ownership in RF Acquisition Corp. The filing states Karpus (d/b/a Karpus Investment Management) beneficially owns 2,391,058 shares, representing 28.66% of the common stock. The filing shows Karpus has sole voting power and sole dispositive power over all 2,391,058 shares and states the shares are held directly by accounts managed by Karpus.
Karpus Management, Inc. amended a Schedule 13G to report ownership in RF Acquisition Corp. The filing states Karpus (d/b/a Karpus Investment Management) beneficially owns 2,391,058 shares, representing 28.66% of the common stock. The filing shows Karpus has sole voting power and sole dispositive power over all 2,391,058 shares and states the shares are held directly by accounts managed by Karpus.
AQR Capital Management entities report a passive stake in RF Acquisition Corp II. AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC collectively report beneficial ownership of 170,331 ordinary shares, representing 2.04% of RF Acquisition Corp II’s outstanding ordinary shares.
The firms report shared power to vote and dispose of all 170,331 shares, with no sole voting or dispositive power. They certify the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
AQR Capital Management entities report a passive stake in RF Acquisition Corp II. AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC collectively report beneficial ownership of 170,331 ordinary shares, representing 2.04% of RF Acquisition Corp II’s outstanding ordinary shares.
The firms report shared power to vote and dispose of all 170,331 shares, with no sole voting or dispositive power. They certify the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
W. R. Berkley Corporation filed an Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 297,878 ordinary shares of RF Acquisition Corp II, equal to 3.6% of the class as of 12/31/2025.
The filing shows shared voting and dispositive power over all reported shares, with no sole voting or dispositive power. The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
W. R. Berkley Corporation filed an Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 297,878 ordinary shares of RF Acquisition Corp II, equal to 3.6% of the class as of 12/31/2025.
The filing shows shared voting and dispositive power over all reported shares, with no sole voting or dispositive power. The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
RF Acquisition Corp II, a Cayman Islands-based blank check company, filed its annual report for the year ended December 31, 2025. The SPAC has not begun operating activities and will only generate interest income on cash held in its trust until it completes a business combination.
The company raised $115 million in its May 2024 IPO and related over-allotment, and placed $115,575,000 into a trust account. On November 10, 2025, shareholders approved an extension of the deadline to complete a deal to August 15, 2026, with up to nine monthly one-month extensions funded at $0.03 per non‑redeemed public share. In connection with that vote, 6,668,735 ordinary shares were redeemed for approximately $71,580,705, leaving about $51,857,714 in the trust and 8,343,765 ordinary shares outstanding as of February 11, 2026, including 4,831,265 public shares.
The sponsor, Alfa 24 Limited, holds 2,875,000 founder shares and previously purchased private placement units alongside the underwriter. The report highlights that as of December 31, 2025, the company had a working capital deficit of $567,649 and its auditor raised substantial doubt about its ability to continue as a going concern if it cannot close a business combination within the 27‑month window. If no transaction is completed, public shareholders are expected to be redeemed at approximately $10.05 per share, while the rights and private placement securities would expire worthless.
RF Acquisition Corp II, a Cayman Islands-based blank check company, filed its annual report for the year ended December 31, 2025. The SPAC has not begun operating activities and will only generate interest income on cash held in its trust until it completes a business combination.
The company raised $115 million in its May 2024 IPO and related over-allotment, and placed $115,575,000 into a trust account. On November 10, 2025, shareholders approved an extension of the deadline to complete a deal to August 15, 2026, with up to nine monthly one-month extensions funded at $0.03 per non‑redeemed public share. In connection with that vote, 6,668,735 ordinary shares were redeemed for approximately $71,580,705, leaving about $51,857,714 in the trust and 8,343,765 ordinary shares outstanding as of February 11, 2026, including 4,831,265 public shares.
The sponsor, Alfa 24 Limited, holds 2,875,000 founder shares and previously purchased private placement units alongside the underwriter. The report highlights that as of December 31, 2025, the company had a working capital deficit of $567,649 and its auditor raised substantial doubt about its ability to continue as a going concern if it cannot close a business combination within the 27‑month window. If no transaction is completed, public shareholders are expected to be redeemed at approximately $10.05 per share, while the rights and private placement securities would expire worthless.