RF Acquisition Corp.

RF Acquisition Corp.

RFAC
RF Acquisition Corp.US flagNASDAQ Global Market
2.70
USD
-5.90
- -
8.44MMarket Cap
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
- -
- -
- -
- -
Basic EPS, GAAP
-0.01
0.1
-0.18
-0.26
Free Cash Flow per Basic Share
- -
-0.54
-0.65
-0.38
Dividend per Share
- -
- -
- -
- -
Book Value per Share
-0.01
39.2
8.08
2.79
Tangible Book Value per Share
- -
39.2
8.08
2.79
Basic Weighted Avg Shares
3
3
3
4
Sales/Revenue/Turnover
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
Net Income, GAAP
- -
- -
-1
-1
Effective Tax Rate (%)
- -
51.63
- -
63.08
Profit Margin (%)
- -
- -
- -
- -
Working Capital
-1
-1
-5
-7
LT Debt
- -
- -
- -
- -
Total Equity
- -
117
25
11
Return on Invested Capital (%)
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
-0.8
-4.03

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
1
2
2
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
5
Market Capitalization
48
49
45

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
6
6
7
Payables & Accruals
4
4
5
ST Debt
1
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-78.76%
Free Cash Flow
- -
- -
23.93%
Net Income, GAAP
- -
- -
-298.58%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.02
-0.03
0.01
- -
0.1
2023
0.05
-0.08
- -
- -
-0.18
2024
0.01
-0.03
-0.08
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Tse Meng Ng
Full Time Employees
2
Sector
Financial Services
Industry
Shell Companies
Address
111 Somerset, No. 05-06 Singapore Singapore 238164
IPO Date
Apr 20, 2022
Website
rfac.us
Business
RF Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in 2021, headquartered in Singapore with Delaware incorporation. The company primarily operates as a blank-check entity, designed to raise capital with the intent to merge with, acquire, or consolidate one or more businesses through mergers, stock exchanges, asset acquisitions, or reorganization. RF Acquisition Corp focuses on identifying opportunities in diverse industries including financial services, media, technology, retail, interpersonal communication, transportation, and education, with strategic emphasis on the Southeast Asian new economy sector and global markets. The company’s main activities involve structuring and facilitating business combinations that enable target companies to access public capital markets or achieve strategic growth through capital stock exchanges and asset acquisitions. It does not conduct ongoing business operations but serves as a vehicle for investors and private companies to partner in corporate restructuring and expansion. RF Acquisition Corp provides flexible platforms for investors while maintaining comprehensive due diligence, regulatory compliance, and strategic foresight in selecting high-potential merger candidates primarily in dynamic and innovative sectors. A major recent development for RF Acquisition Corp was the completion of its business combination with GCL Global Limited in February 2025. This reverse merger resulted in the suspension of RF Acquisition Corp's public securities with the new combined entity listed on Nasdaq, where GCL's shareholders retained a majority stake and board control. This transaction, valued with gross proceeds of approximately $42.9 million, marked a significant operational transformation, expanding RF Acquisition Corp’s involvement into Asia's gaming and entertainment sectors through GCL's platform. Additionally, RF Acquisition Corp has announced the initiation of the IPO process for RF Acquisition Corp III in late 2025, targeting technology firms in Asia, particularly in artificial intelligence, quantum computing, and biotechnology fields, aiming to generate substantial capital proceeds for future acquisitions. Thus, RF Acquisition Corp acts as an investment and merger facilitator specialized in blank-check acquisitions with a growing focus on technology and high-growth sectors in Asia. It operates with a strategic emphasis on mergers and acquisitions, providing an innovative gateway for private firms to access public markets while continuously evolving its portfolio through targeted business combinations and capital market engagements. The company remains headquartered in Singapore, with a strategic operational presence designed to leverage emerging market opportunities in the Asia-Pacific region as well as globally.

Company News

APIChat
  • GCL and RF Acquisition Corp. Complete Business Combination, GCL to Commence Trading on Nasdaq Under Ticker “GCL” and Announces Bell Ringing to Commemorate Listing

  • RF Acquisition Corp. Shareholders Approve Business Combination with GCL Global Holdings Ltd.

  • RF Acquisition Corp. Announces Updated Per Share Redemption Price in Connection With Upcoming Special Meeting

  • GCL Asia and Wan Xin Culture Technology Company Announce Signing of MOU Allocating USD $100 Million Collaboration to Boost Southeast Asian Gaming Market