RF Acquisition closed its initial public offering of 10 million units, which list on the Nasdaq under the ticker symbol RFACU. Each consists of one share, a warrant exercisable to purchase a share at $11.50, and one right to receive one-tenth of a share.
After the securities begin separate trading, stock, warrants, and rights are expected to list under the symbols RFAC, RFACW and RFACR, respectively
RF Acquisition intends to target companies within the Southeast Asian new economy sector or elsewhere, excluding China, Hong Kong and Macau.
The SPAC is led by CEO and Chairman Tse Meng Ng and CFO Han Hsiung Lim.
EarlyBirdCapital was sole bookrunning manager of the offering. Read more.
