RF Acquisition Corp II Prices IPO, Prepares for Nasdaq Trading

Web DeskMay 29, 2024 06:45 PMbusiness
  • 10,000,000 units priced at $10.00 each for RF Acquisition Corp II IPO
  • Leadership team includes Tse Meng Ng, Chee Soon Tham, Vincent Hui Yang, and Ryan Lee Wen
  • Underwriters EarlyBirdCapital, Inc. and Revere Securities support the offering
RF Acquisition Corp II Prices IPO, Prepares for Nasdaq TradingImage Credits: Stock Titan
RF Acquisition Corp II successfully prices IPO at $10.00 per unit, with plans for Nasdaq trading. Leadership team and underwriters set the stage for potential business combinations.

RF Acquisition Corp II has announced the successful pricing of its initial public offering of 10,000,000 units at $10.00 per unit. These units will be available for trading on the Nasdaq Global Market under the symbol 'RFAIU' starting May 17, 2024. Each unit consists of one ordinary share and one right to receive a fraction of an ordinary share. Post-separation, the ordinary shares and rights will be listed as 'RFAI' and 'RFAIR' on Nasdaq, respectively.

The offering, set to conclude on May 21, 2024, is subject to standard closing conditions. RF Acquisition Corp II, a blank check company, plans to pursue various business combinations. The company's leadership team includes Tse Meng Ng as CEO and Chairman, Chee Soon Tham as CFO, and independent directors Vincent Hui Yang and Ryan Lee Wen.

EarlyBirdCapital, Inc. serves as the sole bookrunning manager for the offering, with Revere Securities as the co-manager. The underwriters have the option to purchase up to an additional 1,500,000 units within 45 days. The SEC declared the registration statement effective on May 16, 2024.

This press release highlights forward-looking statements related to the offering and business combination search. While the company is dedicated to these plans, uncertainties may affect actual results. RF Acquisition Corp II commits to complying with legal obligations and providing updates as needed.

RF Acquisition Corp II's successful IPO pricing marks a significant step in its journey towards engaging in potential business combinations. With a strong leadership team and strategic underwriters, the company is poised for growth and development in the market. Investors and stakeholders can look forward to the upcoming trading of 'RFAIU' on Nasdaq and the future prospects of RF Acquisition Corp II.

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