KUALA LUMPUR: RF Acquisition Corp II has priced its initial public offering (IPO) of 10 million units at US$10 each.
The units started trading on May 17 on the Nasdaq under the ticker symbol RFAIU.
According to a statement from RF, each unit comprises one ordinary share and one right to receive one-twentieth of an ordinary share.
RF is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation, or similar business combination with one or more businesses.
According to the company, it has not selected any specific business combination target and has not engaged in any substantive discussions with any potential target.
The company is led by its chief executive officer and chairman of the board of directors, Tse Meng Ng, and its chief financial officer and director, Chee Soon Tham.
The company's independent directors include Vincent Hui Yang and Ryan Lee Wen.