RF Acquisition Corp II

RFAIFinancial·Shell Companies·Singapore·Micro·NASD·Nov 10 • 3:22 PM ET

33.490.00 (0.00%)

2026-11-11 15:24 CET

Market cap

133.90 USD m

Revenue, TTM

0.00 USD m

Net income, TTM

1.14 USD m

Free cash flow, TTM

- USD m

EPS diluted, TTM

0.09

P/E

359.33

Compare

Price

RFAI against its 20, 50 and 200-day averages

2050200

54.1% under 73.00 on 21 Aug 2026. Last 15 sessions, 105.5% high to low

Profile

RFAI

52-week range, 38% of the way up

8.9473.00

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.

Employees	2
IPO	Jul 05, 2024
Beta	1.46
ATR, 14d	5.49
Rel volume	0.00
Short float	0.23%
Insider own	40.94%
Inst own	57.65%

Snapshot

6 groups

Valuation

Index	-
Market Cap	133.90M
Enterprise Value	133.89M
Income	1.14M
Sales	0.00M
Book/sh	4.47
Cash/sh	0.00
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	0.00%
Employees	2
IPO	Jul 05, 2024

Ratios

P/E	359.33
Forward P/E	-
PEG	-
P/S	-
P/B	7.50
P/C	13390.00
P/FCF	-
EV/EBITDA	-
EV/Sales	-
Quick Ratio	0.06
Current Ratio	0.06
Debt/Eq	0.00
LT Debt/Eq	0.00
Option/Short	No / No

Earnings

EPS (ttm)	0.09
EPS next Y	-
EPS next Q	-
EPS this Y	-
EPS next Y	-
EPS next 5Y	-
EPS past 3/5Y	- -
Sales past 3/5Y	- -
EPS Y/Y TTM	-61.12%
Sales Y/Y TTM	-
EPS Q/Q	-82.21%
Sales Q/Q	-
Earnings	-
EPS/Sales Surpr.	- -

Ownership

Insider Own	40.94%
Insider Trans	0.00%
Inst Own	57.65%
Inst Trans	-
ROA	1.66%
ROE	1.76%
ROIC	3.07%
Gross Margin	-
Oper. Margin	-
Profit Margin	-
SMA20	4.56%
SMA50	-4.95%
SMA200	84.23%
Trades	-

Technical

Shs Outstand	8.34M
Shs Float	2.36M
Short Float	0.23%
Short Ratio	0.07
Short Interest	0.01M
52W High	73.00 -54.12%
52W Low	8.94 274.61%
Volatility	11.13% 19.01%
ATR (14)	5.49
RSI (14)	51.12
Beta	1.46
Rel Volume	0.00
Avg Volume	76.25K
Volume	0

Performance

Perf Week	11.82%
Perf Month	-11.89%
Perf Quarter	202.53%
Perf Half Y	206.40%
Perf YTD	211.53%
Perf Year	212.99%
Perf 3Y	-
Perf 5Y	-
Perf 10Y	-
Recom	-
Target Price	-
Prev Close	33.49
Price	33.49
Change %	0.00%

Key figures

Revenue, TTM	0.00
Net income, TTM	1.14
EPS diluted, TTM	0.09
EBIT, TTM	-1.23
Free cash flow, TTM	-
Gross margin	-%
Operating margin	-%
Net margin	-%
Market cap	133.90
P/E	359.33
Sales Y/Y, TTM	-

USD millions. TTM from the statement feed.

Quarterly earnings

actual against estimate

Period	Reported	EPS act	EPS est	EPS rep	Sales act	Sales est	Analysts
No quarterly earnings.

Period

Reported

EPS act

EPS est

EPS rep

Sales act

Sales est

Analysts

No quarterly earnings.

Annual earnings

Period	EPS act	EPS est	EPS rep	Sales act	Sales est
No annual earnings.

Period

EPS act

EPS est

EPS rep

Sales act

Sales est

No annual earnings.

Estimate revisions

last 14 periods

Period	Type	Date	Estimates	Up	Down	Mean	Low	High
No estimate revisions.

Period

Type

Date

Estimates

Down

Mean

Low

High

No estimate revisions.

Estimate history

Period	2024	2025	TTM
EPS, annual	0.157	0.182	0.0932
EPS, quarterly	0.027	0.072	0.062	0.051	0.055	0.055	0.02	0.009	0.01
Period	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Sales, annual	0	0	0
Period	2024	2025	TTM
Sales, quarterly	0	0	0	0	0	0	0	0	0
Period	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Shares, annual	15.013	8.344	8.344
Period	2024	2025	MRQ
Shares, quarterly	15.013	15.013	15.013	15.013	15.013	15.013	8.344	8.344	8.344
Period	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26

Income statement, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY
Total Revenue	0.00	0.00	0.00
Cost of Goods Sold Incl. D&A	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00
Selling, General and Administrative Excl. Other	1.23	0.96	0.27
Other Operating Expense	0.00	0.00	0.00
Operating Income	-1.23	-0.96	-0.27
Interest Expense	0.00	0.00	0.00
Unusual Expense	0.00	0.00	0.00
Net Income Before Taxes	1.14	2.58	2.36
Income Taxes	0.00	0.00	0.00
Consolidated Net Income	1.14	2.58	2.36
Net Income From Continuing Operations	1.14	2.58	2.36
Net Income	1.14	2.58	2.36
EPS (Recurring)	0.14	0.18	0.16
EPS (Basic, Before Extraordinaries)	0.09	0.18	0.16
EPS (Diluted)	0.09	0.18	0.16
EBITDA	-1.23	-0.96	-0.27
Non-Operating Income (Expense)	2.37	3.54	2.63
Other After Tax Adjustments	0.00	0.00	0.00
Price To Earnings Ratio	359.33	359.33	-
Shares Outstanding	8.34	8.34	15.01
Market Capitalization	133.90	133.90	153.43

Income statement, quarterly

Currency USD, millions
Metric	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cost of Goods Sold Incl. D&A	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General and Administrative Excl. Other	0.28	0.28	0.49	0.18	0.14	0.16	0.08	0.07
Other Operating Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income	-0.28	-0.28	-0.49	-0.18	-0.14	-0.16	-0.08	-0.07
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Unusual Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income Before Taxes	0.08	0.07	0.16	0.82	0.83	0.76	0.94	1.08
Income Taxes	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Consolidated Net Income	0.08	0.07	0.16	0.82	0.83	0.76	0.94	1.08
Net Income From Continuing Operations	0.08	0.07	0.16	0.82	0.83	0.76	0.94	1.08
Net Income	0.08	0.07	0.16	0.82	0.83	0.76	0.94	1.08
EPS (Recurring)	0.01	0.01	0.02	0.05	0.06	0.05	0.06	0.07
EPS (Basic, Before Extraordinaries)	0.01	0.01	0.02	0.05	0.06	0.05	0.06	0.07
EPS (Diluted)	0.01	0.01	0.02	0.05	0.06	0.05	0.06	0.07
EBITDA	-0.28	-0.28	-0.49	-0.18	-0.14	-0.16	-0.08	-0.07
Non-Operating Income (Expense)	0.36	0.36	0.65	1.00	0.97	0.92	1.01	1.15
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price To Earnings Ratio	359.33	60.52	48.25	44.79	49.76	65.62	-	-
Shares Outstanding	8.34	8.34	8.34	15.01	15.01	15.01	15.01	15.01
Market Capitalization	133.90	90.95	161.38	161.23	158.08	155.75	153.43	152.65

Balance sheet, annual

Currency USD, millions
Metric	2025FY	2024FY
Cash & Short Term Investments	0.26	0.70
Short Term Receivables	0.05	0.00
Inventories	0.00	0.00
Other Current Assets	0.00	0.02
Total Current Assets	0.31	0.72
Net Property, Plant & Equipment	0.00	0.00
Total Investments and Advances	40.64	87.30
Intangible Assets	0.00	0.00
Other Assets	0.00	0.00
Total Assets	40.95	88.02
Short Term Debt Incl. Current Port. of LT Debt	0.00	0.00
Accounts Payable	0.00	0.00
Other Current Liabilities	0.75	0.22
Total Current Liabilities	0.75	0.22
Long Term Debt	0.00	0.00
Provision for Risks Charges	0.00	0.00
Other Liabilities	3.13	2.95
Total Liabilities	3.88	3.17
Non-Equity Reserves	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00
Common Equity	37.06	84.85
Total Shareholders Equity	37.06	84.85
Accumulated Minority Interest	0.00	0.00
Total Equity	37.06	84.85
Total Liabilities & Stockholders Equity	40.95	88.02
Book Value Per Share	4.44	5.65
Tangible Book Value Per Share	4.44	5.65
Full-Time Employees	2	2
Price to Book Ratio	7.50	1.72
Return on Assets	4.00	-
Return on Equity	4.23	-
Return on Invested Capital	6.95	2.78
Quick Ratio	0.41	3.33
Current Ratio	0.41	3.33

Cash flow, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY
Net Income	1.14	2.58	2.36
Other Funds (Non Cash)	-2.37	-3.54	-2.59
Funds from Operations	-1.22	-0.96	-0.23
Extraordinary Item	0.00	0.00	0.00
Changes in Working Capital	0.82	0.53	0.16
Cash from Operating Activities	-0.41	-0.43	-0.07
Capital Expenditures	0.00	0.00	0.00
Net Assets From Acquisitions	0.00	0.00	0.00
Sale of Fixed Assets and Businesses	0.00	0.00	0.00
Purchase or Sale of Investments	54.85	54.69	-86.48
Purchase of Investments	-0.37	-0.09	-86.48
Sale Or Maturity of Investments	55.23	54.78	0.00
Other Uses	0.00	0.00	0.00
Other Sources	0.00	0.00	0.00
Cash from Investing Activities	54.85	54.69	-86.48
Cash Dividends Paid	0.00	0.00	0.00
Change in Capital Stock	-55.23	-54.78	87.23
Repurchase of Common Pref Stock	-55.23	-54.78	0.00
Sale of Common Pref Stock	0.00	0.00	87.23
Proceedsfrom Stock Options	0.00	0.00	87.23
Issuance or Reduction of Debt, Net	0.00	0.00	0.00
Change in Long Term Debt	0.00	0.00	0.00
Issuance of Long Term Debt	0.00	0.00	0.00
Reduction of Long Term Debt	0.00	0.00	0.00
Net Financing Active Other Cash Flow	0.30	0.05	0.03
Other Financing Activities Uses	0.00	0.00	0.00
Cash from Financing Activities	-54.93	-54.74	87.27
Net Change in Cash	-0.48	-0.48	0.72
Free Cash Flow	-	-0.43	-0.07
Preferred Dividends (Cash Flow)	-	0.00	0.00
Deferred Taxes & Investment Tax Credit	-	0.00	0.00

Balance sheet, quarterly

Currency USD, millions
Metric	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1
Cash & Short Term Investments	0.01	0.03	0.26	0.44	0.49	0.60
Short Term Receivables	0.02	0.11	0.05	0.00	0.00	0.00
Inventories	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.03	0.05	0.00	0.02	0.03	0.05
Total Current Assets	0.06	0.19	0.31	0.46	0.53	0.65
Net Property, Plant & Equipment	0.00	0.00	0.00	0.00	0.00	0.00
Total Investments and Advances	41.39	41.00	40.64	95.31	95.46	89.52
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	41.45	41.18	40.95	95.77	95.99	90.18
Short Term Debt Incl. Current Port. of LT Debt	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	1.05	0.91	0.75	0.41	0.29	0.30
Total Current Liabilities	1.05	0.91	0.75	0.41	0.29	0.30
Long Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Provision for Risks Charges	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	3.11	3.12	3.13	3.12	3.16	2.99
Total Liabilities	4.16	4.03	3.88	3.53	3.46	3.29
Non-Equity Reserves	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	0.00	0.00	0.00	0.00
Common Equity	37.28	37.16	37.06	92.24	92.53	86.88
Total Shareholders Equity	37.28	37.16	37.06	92.24	92.53	86.88
Accumulated Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity	37.28	37.16	37.06	92.24	92.53	86.88
Total Liabilities & Stockholders Equity	41.45	41.18	40.95	95.77	95.99	90.18
Book Value Per Share	4.47	4.45	4.44	6.14	6.16	5.79
Tangible Book Value Per Share	4.47	4.45	4.44	6.14	6.16	5.79
Full-Time Employees	-	-	2	-	-	-
Price to Book Ratio	7.50	2.45	1.75	1.74	1.82	1.84
Return on Assets	1.66	2.88	3.99	3.55	3.94	7.03
Return on Equity	1.76	3.05	4.22	3.68	4.09	7.31
Return on Invested Capital	0.22	0.20	0.44	0.89	0.89	0.87
Quick Ratio	0.06	0.21	0.41	1.12	1.78	2.18
Current Ratio	0.06	0.21	0.41	1.12	1.78	2.18

Cash flow, quarterly

Currency USD, millions
Metric	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1
Net Income	0.08	0.07	0.14	0.84	0.85	0.76
Other Funds (Non Cash)	-0.36	-0.36	-0.62	-1.03	-1.00	-0.92
Funds from Operations	-0.28	-0.28	-0.48	-0.18	-0.15	-0.16
Extraordinary Item	0.00	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	0.26	0.07	0.36	0.13	-0.00	0.05
Cash from Operating Activities	-0.02	-0.21	-0.12	-0.05	-0.15	-0.11
Capital Expenditures	0.00	0.00	0.00	0.00	0.00	0.00
Net Assets From Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00
Sale of Fixed Assets and Businesses	0.00	0.00	0.00	0.00	0.00	0.00
Purchase or Sale of Investments	-0.14	-0.14	55.13	0.00	0.00	0.00
Purchase of Investments	-0.14	-0.14	-0.09	0.00	0.00	0.00
Sale Or Maturity of Investments	0.00	0.00	55.23	0.00	0.00	0.00
Other Uses	0.00	0.00	0.00	0.00	0.00	0.00
Other Sources	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Investing Activities	-0.14	-0.14	55.13	0.00	0.00	0.00
Cash Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Dividends (Cash Flow)	0.00	0.00	0.00	0.00	0.00	0.00
Change in Capital Stock	0.00	0.00	-55.23	0.00	0.00	0.00
Repurchase of Common Pref Stock	0.00	0.00	-55.23	0.00	0.00	0.00
Sale of Common Pref Stock	0.00	0.00	0.00	0.00	0.00	0.00
Proceedsfrom Stock Options	0.00	0.00	0.00	0.00	0.00	0.00
Issuance or Reduction of Debt, Net	0.00	0.00	0.00	0.00	0.00	0.00
Change in Long Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Issuance of Long Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Reduction of Long Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Financing Active Other Cash Flow	0.14	0.11	0.05	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activities	0.14	0.11	-55.18	0.00	0.00	0.00
Net Change in Cash	-0.02	-0.24	-0.17	-0.05	-0.15	-0.11
Free Cash Flow	-0.02	-0.21	-0.12	-	-	-

Revenue breakdown

Revenue split	-

Short interest

shares short against float, oldest to newest

Settlement	Of float	Shares short	Float	Avg volume
2026-10-30	0.23%	0.0M	2.4M	84.79K
2026-10-15	0.17%	0.0M	2.4M	88.29K
2026-09-30	0.27%	0.0M	2.5M	96.74K
2026-09-15	0.46%	0.0M	2.5M	105.76K
2026-08-31	0.34%	0.0M	5.3M	113.25K
2026-08-14	0.41%	0.0M	5.3M	21.79K
2026-07-31	0.13%	0.0M	1.0M	3.71K
2026-07-15	0.51%	0.0M	0.4M	2.47K
2026-06-30	0.15%	0.0M	0.4M	4.78K
2026-06-15	0.02%	0.0M	0.4M	43.75K
2026-05-29	0.00%	0.0M	2.2M	42.59K
2026-05-15	0.00%	0.0M	2.2M	39.57K
2026-04-30	0.00%	0.0M	2.2M	43.59K
2026-04-15	0.00%	0.0M	5.3M	46.33K
2026-03-31	0.00%	0.0M	6.6M	41.12K
2026-03-13	0.00%	0.0M	6.6M	5.36K
2026-02-27	0.00%	0.0M	6.6M	6.71K
2026-02-13	0.00%	0.0M	6.6M	6.23K
2026-01-30	0.00%	0.0M	11.9M	21.37K
2026-01-15	0.00%	0.0M	11.9M	52.70K

Option chain

expiry 2026-11-11

Type	Strike	Bid	Ask	Last	IV	Open int	Volume	Delta	Theta	Vega
No option chain for this symbol.

Type

Strike

Bid

Ask

Last

Open int

Volume

Delta

Theta

Vega

No option chain for this symbol.

Latest SEC filings

Filed	Form	Description	Period	Link
2026-11-09	SCHEDULE 13G/A			SEC
2026-09-04	SCHEDULE 13G/A			SEC
2026-08-20	8-K	Current report	2026-08-19	SEC
2026-08-14	425	Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.		SEC
2026-08-14	8-K	Current report	2026-08-12	SEC
2026-08-07	10-Q	Quarterly report pursuant to Section 13 or 15(d)	2026-06-30	SEC
2026-07-31	DEF 14A	Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934	2026-08-12	SEC
2026-07-27	424B3			SEC
2026-07-23	EFFECT	Effectiveness filing by commission order		SEC
2026-07-21	PRE 14A	Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934	2026-07-21	SEC
2026-07-13	F-4/A			SEC
2026-06-16	F-4/A			SEC
2026-06-03	F-4/A			SEC
2026-05-14	SCHEDULE 13G			SEC
2026-05-08	SCHEDULE 13G			SEC
2026-05-07	10-Q	Quarterly report pursuant to Section 13 or 15(d)	2026-03-31	SEC
2026-05-05	F-4/A			SEC
2026-04-17	F-4/A			SEC
2026-04-07	SCHEDULE 13G/A			SEC
2026-03-19	F-4	Registration statement for securities issued by foreign private issuers in certain business combination transactions		SEC
2026-03-06	SCHEDULE 13G/A			SEC
2026-02-12	SCHEDULE 13G/A			SEC
2026-02-11	10-K	Annual report pursuant to Section 13 or 15(d)	2025-12-31	SEC
2026-02-11	SCHEDULE 13G/A			SEC
2026-01-14	SCHEDULE 13G/A			SEC
2025-12-31	DRS/A			SEC
2025-12-15	DRS			SEC
2025-11-21	SCHEDULE 13G/A			SEC
2025-11-14	425	Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.		SEC
2025-11-14	8-K	Current report	2025-11-10	SEC

Filed

Form

Description

Period

Link

2026-11-09

SCHEDULE 13G/A

Month	Bought	Buys	Sold	Sells
2026-11	0	0	0	0
2026-10	0	0	0	0
2026-09	0	0	0	0
2026-08	0	0	0	0
2026-07	0	0	0	0
2026-06	0	0	0	0
2026-05	0	0	0	0
2026-04	0	0	0	0
2026-03	0	0	0	0
2026-02	0	0	0	0
2026-01	0	0	0	0
2025-12	0	0	0	0
2025-11	0	0	0	0

Manager	% owned
Karpus Management, Inc.	46.11%
MIZUHO SECURITIES USA LLC	41.76%
BERKLEY W R CORP	23.20%
DEUTSCHE BANK AG\	6.83%
AQR Arbitrage LLC	4.85%
First Trust Capital Management L.P.	4.42%
WOLVERINE ASSET MANAGEMENT LLC	3.76%
Polar Asset Management Partners Inc.	1.42%
GLAZER CAPITAL, LLC	1.14%
Kepos Capital LP	0.83%

Fund	% owned
First Trust Merger Arbitrage Fund	13.37%
First Trust Multi-Strategy Fund	1.19%
Fidelity Nasdaq Composite Index Fund	0.06%