RF Acquisition added another $15 million to its coffers through the underwriter exercising its over-allotment option to purchase an additional 1.5 million units at the SPAC’s initial public offering price of $10 per unit.
The SPAC in total raised $115 million, proceeds of which will be used to fund the acquisition of a company within the Southeast Asian new economy sector or elsewhere, excluding China, Hong Kong and Macau.
EarlyBirdCapital was sole bookrunning manager of the offering. Read more.
