RF Acquisition Corp II announces $100 million initial public offering price

Grand Cayman, Cayman Islands (ANTARA/PRNewswire) – RF Acquisition Corp II (the “Company”) today announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The Units will be listed on the Nasdaq Global Market (“Nasdaq”) and will trade under the ticker symbol “RFAIU” beginning May 17, 2024. Each Unit consists of one share of the Company’s common stock with a par value of $0.0001 per share (a “common share ”) and one right to receive one twentieth of one ordinary share. Once the securities comprising the units begin separate trading, it is expected that the common stock and rights shares will be listed on the Nasdaq Stock Exchange under the symbols “RFAI” and “RFAIR”, respectively. The offering is expected to close on May 21, 2024, subject to customary closing conditions.

RF Acquisition Corp II is a blank check company whose business objective is to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies. We have not selected any specific business combination target and have not engaged in, nor has anyone on our behalf engaged in, any substantive discussions, directly or indirectly, about any business combination target with respect to the initial business combination with us.

RF Acquisition Corp II is led by Tse Meng Ng, the company’s chief executive officer and chairman of the board of directors, and Chee Soon Tham, the company’s chief financial officer and director. The Company’s independent directors include Vincent Hui Yang and Ryan Lee Wen.

EarlyBirdCapital, Inc., the representative of the underwriters, is acting as sole book-running manager for the offering, and Revere Securities is serving as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 1,500,000 additional units at the IPO price to cover over-allotments, if any.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 16, 2024. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor has there been any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from EarlyBirdCapital, Inc., Attn: Syndicate Department, 366 Madison Avenue, 8th Floor, New York, New York 10017.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements,” including those relating to the initial public offering and the pursuit of an initial business combination. Forward-looking statements are statements that are not historical facts. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ from the forward-looking statements. There can be no assurance that the offering discussed above will be completed on the terms described or at all, or that the proceeds of the offering will be used as directed. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement in connection with its initial public offering filing with the SEC. Copies of the documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these reports for revisions or changes after the date of this release, except as required by law.

Source: RF Acquisition Corp II