RF Acquisition Corp II (RFAI) is a blank check special purpose acquisition company (SPAC) formed to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses. The company generates no operating revenue. It raises capital through an initial public offering and holds those proceeds in a trust account until a qualifying business combination is completed or the company liquidates and returns funds to shareholders. RF Acquisition Corp II completed its IPO on May 21, 2024, selling 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000, with the over-allotment option subsequently exercised. The sponsor, Alfa 24 Limited, purchased 2,875,000 Founder Shares for $25,000 (approximately $0.009 per share) on February 15, 2024. Offering costs totaled $5,975,732, including $2,000,000 in cash underwriting fees and $3,500,000 in deferred underwriting fees payable upon deal close. The company has no operating assets, employees, or revenue-generating operations as of the 10-K filed February 11, 2026.
Blank check vehicle structured to acquire an unidentified private or public business. Units sold in IPO at $10.00 per unit (May 21, 2024). Founder Shares issued to sponsor Alfa 24 Limited (2,875,000 shares for $25,000 as of February 15, 2024).
No operating revenue. Capital is raised via IPO and held in trust. Economics are realized only upon a completed business combination, at which point deferred underwriting fees ($3,500,000) become payable and sponsors profit from low-cost Founder Shares.
Public market investors who purchased IPO units at $10.00 per unit. No commercial customers or end markets. Target acquisition sector not disclosed in the filing excerpts.
Incorporated and registered in the United States. No operating geographic footprint disclosed in the filing excerpts.
Source: SEC 10-K, filed 2026-02-11
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