RF Acquisition II closes US$115mil IPO on Nasdaq


PETALING JAYA: RF Acquisition Corp II priced its initial public offering of 10 million units at US$10 each.

The units started trading on May 17 on the Nasdaq under the ticker symbol RFAIU.

In a statement, RF said each unit consists of one ordinary share and one right to receive one-twentieth of one ordinary share. After the units begin separate trading, shares and rights are expected to list under the symbols RFAI and RFAIR respectively.

RF Acquisition is a blank cheque company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation, or similar business combination with one or more businesses.

“We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us,” it said.

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

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