RF Acquisition Corp. Announces Separate Trading of Its Common Shares, Rights and Class A Warrants Effective April 20, 2022
WILMINGTON, Delaware, April 18, 2022 (GLOBE NEWSWIRE) — RF Acquisition Corp. (NASDAQ: RFACU) (the “Company”) announced that effective April 20, 2022, holders of the 11,500,000 units sold in the Company’s IPO may elect to separately trade Class A, the rights and warrants included in the units. All of the unseparated units will continue to trade on the Nasdaq Global Market (the “Nasdaq”) under the symbol “RFACU”, and the common stock, rights and segregated Class A Warrants are expected to trade on the Nasdaq under the “RFAC” symbols. », « RFACR » and « RFACW », respectively. No Warrants or Fractional Rights will be issued upon separation of Units and only whole Warrants and Rights will be traded. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to separate the Units into Common Stock, Rights and Class A Warrants.
The Units were originally offered by the Company on a bought deal basis. EarlyBirdCapital, Inc. acted as sole bookrunner for the offering. A registration statement relating to the Units and the underlying securities was declared effective by the Securities and Exchange Commission (the “SEC”) on March 23, 2022.
The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from EarlyBirdCapital, Inc. Attn: Syndicate Department, 366 Madison Avenue, 8th Floor, New York, New York 10017.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.
About RF Acquisition Corp.
RF Acquisition Corp. is a blank check corporation whose business purpose is to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses . We have not selected any specific business combination target nor have we or anyone on our behalf entered into substantive discussions, directly or indirectly, with any business combination target regarding an initial business combination with us.
RF Acquisition Corp. is led by Tse Meng Ng, the company’s Chief Executive Officer and Chairman of the Board, 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.
Forward-looking statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the anticipated separation of the Units into Common Stock, Rights and Class A Warrants. There can be no assurance that the Units will be separated as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and final prospectus relating to the IPO of the Company filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Tse Meng Ng
President and CEO
[email protected]
