RF Acquisition RFAIR

RF Acquisition Corp II is a blank check company incorporated on February 5 2024 as a Cayman Islands exempted entity. The company was formed for the sole purpose of effecting a merger capital stock exchange asset acquisition stock purchase reorganization or similar business combination with one or more businesses. Although it is not limited to a particular industry the company intends to focus its search on target businesses located in Asia that operate in the deep technology sector including artificial intelligence quantum computing and biotechnology. The company has not commenced any operations and currently holds only the funds raised in its initial public offering and private placement units. Its sponsor Alfa 24 Limited purchased founder shares and continues to hold a significant portion of the company’s equity. The initial public offering was consummated on May 21 2024 and generated gross proceeds of one hundred million dollars before the exercise of the over allotment option. After the over allotment option was exercised in full the company received additional gross proceeds of fifteen million dollars bringing the total proceeds from the offering to one hundred fifteen million dollars.

RF Acquisition Corp II does not generate operating revenue because it has not yet engaged in any commercial activities. The company will only begin to earn operating income after it completes a business combination with a target business. In the interim it derives non operating income from interest earned on the cash and securities held in the trust account that was funded with the proceeds of its initial public offering and private placement units. As of the latest reported date the trust account contained approximately fifty one million eight hundred fifty seven thousand seven hundred fourteen dollars after redemptions. This interest income is the sole source of revenue reported by the company prior to a business combination. The company also receives nominal interest on any cash held outside the trust account but such amounts are insignificant relative to the trust account earnings.

RF Acquisition Corp II operates within the highly competitive landscape of blank check companies also known as special purpose acquisition companies. It faces competition from numerous other SPACs private equity firms and strategic investors that also seek to acquire businesses in the technology and healthcare sectors. The company’s competitive advantage stems from its explicit focus on Asia based deep technology enterprises and the extensive networks of its management team and sponsor. Additionally the company benefits from the expertise of its officers in structuring mergers and accessing capital markets across both Asian and American jurisdictions. The management team has experience in managing and operating companies developing and growing businesses executing merger and acquisition strategies and sourcing structuring acquiring and selling businesses in various markets. This expertise is intended to help the company identify suitable targets and negotiate favorable terms for a business combination.

Because RF Acquisition Corp II has not yet executed a business combination it does not serve any customers or generate sales from products or services. Its current stakeholders consist of public shareholders who purchased units in the initial public offering and the sponsor that holds founder shares and private placement units. Once a business combination is completed the company’s customer base will be determined by the operations of the acquired business and will vary according to the industry and geographic focus of that target. The company does not have any employees prior to a business combination and relies on its executive officers and external advisors for day to day activities. Its executive offices are located at 111 Somerset Singapore 238164 and it pays a monthly fee for administrative services to its sponsor.