©Reuters. RF Acquisition Corp. (RFACU) resolves to IPO 10M units at $10/unit
RF Acquisition Corp. (RFACU) today announced the price 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 begin trading on March 24, 2022 under the ticker symbol RFACU. Each Unit consists of one Class A common share with a par value of $0.0001 per share in the Company (Common Share). share), one redeemable warrant (each warrant entitles the holder to purchase one common share at a price of $11.50 per share) and an entitlement to receive one-tenth of one common share. After the securities making up the entities begin trading separately, the common shares, redeemable warrants and warrants are expected to be listed on the Nasdaq under the symbols RFAC, “RFACW” and RFACR, respectively. The offering is expected to close on March 28, 2022, subject to customary closing conditions.
RF Acquisition Corp. is a blank check corporation whose business is to effect a merger, capital exchange, asset acquisition, stock purchase, reorganization, or similar business combination of one or more companies. We have not selected a specific business combination target, and we have not engaged in substantive discussions with us, directly or indirectly, with any business combination objective related to an initial business combination, nor has anyone engaged in substantive discussions on our behalf.
RF Acquisition Corp. will be led by Tse Meng Ng, the company’s Chief Executive Officer and Chairman of the Board, and Han Hsiung Lim, the company’s Chief Financial Officer. The Company’s independent directors include Benjamin Waisbren, Simon Eng Hock Ong and Vincent Hui Yang. The company’s advisors include Chandra Tjan and Stephen Lee.
EarlyBirdCapital, Inc., the agent for the underwriters, is acting as the sole bookrunning manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 units at the IPO price to cover any over-allotment.
A registration statement relating to these securities was filed effective by the US Securities and Exchange Commission (SEC) on March 23, 2022. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction where such offer, solicitation or sale prior to registration or qualification would be unlawful under the securities laws of any such state or jurisdiction.
The offer is made only by means of a prospectus. Copies of the prospectus relating to the offering, if available, may be obtained from EarlyBird Capital, Inc., Attn: Syndicate Department, 366 Madison Avenue, 8th Floor, New York, New York 10017.
Disclaimer: Fusion Media would like to remind you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are provided by market makers rather than exchanges and as such prices may not be accurate and may vary from actual market price meaning prices are indicative and not for trading purposes are suitable. Therefore, Fusion Media accepts no responsibility for any trading loss that you may incur as a result of using this data.
Fusion Media or anyone associated with Fusion Media shall not be liable for any loss or damage arising out of reliance on any information, including data, quotes, charts and buy/sell signals, contained on this website. Please educate yourself fully about the risks and costs associated with trading the financial markets as this is one of the riskiest forms of investment of all.
Comments are closed.