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RF Acquisition Corp II
RFAICIK 0002012807NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksE9SGFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$3.37M
Total Assets
$52.66M
Equity
$-4.59M
Shares Out
8.34M
Op. Cash Flow
$-561.4K
Business
RF Acquisition Corp II is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. It offers Units, Ordinary Shares and Rights through its public offering and private placement arrangements, maintains proceeds in a trust account, and provides redemption rights to public shareholders in connection with a business combination. The company operates through its sponsor, management team and trust-account structure while pursuing target identification, diligence and transaction execution. It targets businesses in Asia within the deep technology sector and lists its securities on Nasdaq while sourcing deals through industry networks, investment banks and advisors.
Summary from filing dated 2025-03-25
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Operating and formation costs | 1 | 361,800 | |
| Loss from operations | −1 | −361,800 | |
| Interest earned on cash held in Trust Account | 5 | 4 | |
| Net income | 3 | 3 | |
| Weighted average shares outstanding of redeemable ordinary shares | 11 | 8 | |
| Basic net income per ordinary share, redeemable ordinary shares | 0.24 | 0.29 | |
| Weighted average shares outstanding of non-redeemable ordinary shares | 4 | 3 | |
| Basic net income per share, non-redeemable ordinary shares | 0.24 | 0.29 | |
| Diluted weighted average shares outstanding of redeemable ordinary shares | 11 | 8 | |
| Diluted net income per share, redeemable ordinary shares | 0.24 | 0.28 | |
| Diluted weighted average shares outstanding of non-redeemable ordinary shares | 4 | 3 | |
| Diluted net income per share, non-redeemable ordinary shares | 0.24 | 0.28 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-01-31 |
|---|---|---|---|---|
| Cash | 337,383 | 958,786 | — | |
| Prepaid expenses | 4,417 | 25,621 | — | |
| Due from Target | 60,000 | — | — | |
| Total Current assets | 401,800 | 984,407 | — | |
| Cash held in trust account | 52 | 119 | — | |
| TOTAL ASSETS | 53 | 120 | — | |
| Accrued expenses | 635,174 | 81,650 | — | |
| Advance from related party | 138,550 | 138,550 | — | |
| Due to Sponsor | 195,725 | 75,000 | — | |
| Total Current liabilities | 969,449 | 295,200 | — | |
| Deferred underwriting fee payable | 4 | 4 | — | |
| TOTAL LIABILITIES | 5 | 4 | — | |
| Ordinary shares subject to possible redemption; 4,831,265 and 11,500,000 shares at redemption value of $10.82 and $10.36 per share as of December 31, 2025 and 2024, respectively | 52 | 119 | — | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding | — | — | — | |
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 3,512,500 issued and outstanding (excluding 4,831,265 and 11,500,000 shares subject to possible redemption) as of December 31, 2025 and 2024, respectively | 352 | 352 | — | |
| Accumulated deficit | −5 | −3 | — | |
| TOTAL SHAREHOLDERS DEFICIT | −5 | −3 | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | 53 | 120 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Payment of operating costs in exchange for issuance of Founder Shares | — | 25,000 | |
| Payment of operating costs through advance from related party | — | 31,620 | |
| Prepaid expenses | 21,204 | −25,621 | |
| Due to Sponsor | 120,725 | 75,000 | |
| Accrued expenses | 553,524 | 166,300 | |
| Net cash used in operating activities | −561,403 | −89,501 | |
| Investment of cash in Trust Account | −120,000 | −116 | |
| Cash withdrawn from Trust Account in connection with redemption | 72 | — | |
| Net cash provided by (used in) investing activities | 71 | −116 | |
| Proceeds from sale of Units, net of underwriting discounts paid | — | 113 | |
| Proceeds from sale of Private Placement Units | — | 4 | |
| Proceeds from sale of Representative shares | — | 1,739 | |
| Advances from related party | — | 45,317 | |
| Payment of offering costs | — | −498,769 | |
| Proceeds for extension deposit | 60,000 | — | |
| Redemption of ordinary shares | −72 | — | |
| Net cash (used in) provided by financing activities | −72 | 117 | |
| Net Change in Cash | −621,403 | 958,786 | |
| Remeasurement of ordinary shares subject to possible redemption value | 5 | 12 | |
| Deferred underwriting fee payable | — | 4 | |
| Offering cost included in advances from related party | — | 61,613 | |
| Contributions of extension fees | 120,000 | — |
Filings
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