RF Acquisition II priced its initial public offering of 10 million units at $10 each.
The units begin trading today on the Nasdaq under the ticker symbol RFAIU. Each consists of one share and a right to receive one-twentieth of a share.
After the units begin separate trading, shares and rights are expected to list under the symbols RFAI and RFAIR. The offering is expected to close May 21.
The new SPAC said it will target the deep technology sector in Asia, including AI, quantum computing, and biotechnology.
CEO and Chairman Tse Meng Ng is co-founder and CEO of Ruifeng Wealth Management.
Sister SPAC RF Acquisition announced a $1.2 billion merger agreement with Singapore-based video game publisher GCL Asia in October 2023.
EarlyBirdCapital is the sole bookrunner on the deal. Read more.
