RF Acquisition filed to offer 10 million units, each priced at $10 and consisting of one share of Class A common stock, one-half of a redeemable warrant, and one right to receive one-tenth of a share.
The sponsor and underwriter EarlyBirdCapital have commtted to buying up to $4.55 million in warrants. Initial stockholders currently own an aggregate of 2.875 million units.
RF Acquisition intends to target companies within the Southeast Asian new economy sector or elsewhere, excluding China, Hong Kong and Macau.
CEO and Director Tse Meng Ng in 2019 co-founded and serves as CEO of Ruifeng Wealth Management Pte Ltd, a Singapore Capital Markets Services licensed financial institution regulated by the Monetary Authority of Singapore with a market capitalization of approximately $2 billion.
The SPAC in the filing said it expects to list on the Nasdaq under the symbol RFACU. Read more.
