RF Acquisition Corp. (RFACU) Prices $100M IPO


RF Acquisition Corp. (RFACU) Prices $100M IPO

Mar 23, 2022 IPOs by Marlena Haddad

RF Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RFACU” Thursday, March 24.

The new SPAC intends to search globally for target companies within the Southeast Asian new economy sector or elsewhere. RF Acquisition Corp. is led by Tse Meng Ng, the Company’s Chief Executive Officer and Chairman of the board of directors, and Han Hsiung Lim, the Company’s Chief Financial Officer. The Company’s independent directors include Benjamin Waisbren, Simon Eng Hock Ong, and Vincent Hui Yang. The Company’s advisors include Chandra Tjan and Stephen Lee.

Total SPAC deal count for 2022 year-to-date is now 53. This offering is expected to close on Monday, March 28.

EarlyBirdCapital, Inc. the representative of the underwriters, is acting as sole book-running manager of the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.