RF Acquisition Corp III (RFAM) is a blank check company formed for the purpose of completing a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company raised $100,000,000 in gross proceeds from an initial public offering of 10,000,000 units at $10.00 per unit, completed on February 17, 2026, with an additional $3,500,000 raised through the simultaneous sale of 350,000 Private Placement Units at $10.00 per unit to its Sponsor, Alfa 30 Limited, and EarlyBirdCapital, Inc. Following the IPO close, $100,000,000 of proceeds were deposited into a Trust Account held in U.S. government securities or qualifying money market funds until completion of a business combination or return of funds to shareholders. The company is classified as a smaller reporting company and an emerging growth company. CEO is Tse Meng Ng and CFO is Chee Soon Tham, as of the 10-Q filed April 30, 2026.

Revenue model

RFAM generates no operating revenue. Trust Account proceeds are held in U.S. government securities or money market funds until a business combination is completed. The company earns interest on Trust Account assets in the interim period.

Products and services

Blank check SPAC structure with 10,000,000 publicly issued units and 350,000 Private Placement Units, each priced at $10.00. Trust Account of $100,000,000 invested in U.S. government securities with maturities of 185 days or less, or qualifying money market funds, as of February 17, 2026.

Customers and end markets

Target customers are private businesses seeking to become public through a business combination transaction. Public shareholders and the Sponsor (Alfa 30 Limited) and EarlyBirdCapital, Inc. are the primary capital providers.

Value-chain role

Special purpose acquisition company acting as a public acquisition vehicle to identify, negotiate, and complete a business combination with a private target.

Geographic exposure

Incorporated as a Cayman Islands entity based on the Amended and Restated Memorandum and Articles of Association referenced in the February 18, 2026 Form 8-K filing. No operating geography disclosed.

Source: SEC 10-Q, filed 2026-04-30

Industry: Blank Checks