RF Acquisition Corp.
RFACW
NASDAQ Global Market0.05
USD
-0.02
- -
CIK
0001847607
ISIN
US74954L1127
CUSIP
74954L112
Return %
Stock
S&P500
1Y
153.00
18.21
3Y
-61.70
64.38
5Y
-61.70
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Tse Meng Ng
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- DE United States of America
- CIK
- 0001847607
- Similar Companies
- Business
- RF Acquisition Corp. RF Acquisition Corp. (RFACW) operates as a blank check company whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets; it focuses its search primarily on targets in the Southeast Asian new economy sector, including financial services, media, technology, retail, interpersonal communication, transportation, education, artificial intelligence, quantum computing, biotechnology, gaming, and digital media, without limitation to a particular industry or geography. Incorporated in Delaware in 2021 and based in Singapore at 111 Somerset #05-06, the company generates no revenue and conducts no significant operations prior to completing a business combination, offering redeemable warrants such as those trading under the ticker RFACW, exercisable at $11.50 per share for one share of Class A common stock upon separation from units originally listed on Nasdaq as RFACU in March 2022. Geographically, RF Acquisition Corp. pursues opportunities globally with emphasis on Asia outside China, leveraging a flexible platform for investors seeking strategic consolidations in high-growth markets. In a major development, RF Acquisition Corp. completed a reverse merger business combination with Grand Centrex Limited, one of Asia's leading video game distributors and publishers, on February 13, 2025, resulting in the formation of GCL Global Holdings Ltd., with RF Acquisition Corp. surviving as a wholly-owned subsidiary; the combined entity trades on Nasdaq under GCL (ordinary shares) and GCLW/GCLWW (warrants), providing approximately $42.9 million in gross proceeds (assuming no further redemptions) and up to $20 million in additional private placement financing to accelerate GCL's game publishing, IP management, and marketing of AAA/AA PC titles across devices and streaming platforms. Prior to closing, shareholders approved the transaction on January 23, 2025, following multiple amendments to the original merger agreement dated October 18, 2023—including extensions funded by GCL up to $500,000, corrections to convertible note terms, and adjustments amid delayed financing of $33 million received December 30, 2024, which led to revised 2025 revenue projections and cancellation of planned acquisitions—while navigating Nasdaq compliance issues. Subsequent to this de-SPAC event, affiliates such as RF Acquisition Corp II (RFAI, incorporated 2024) announced a business combination agreement on October 2, 2025, with NYB Holdings, a Singapore-based AI drug discovery firm backed by The9 Limited The9 Limited (NCTY) and Mercatus Capital, valuing the post-combination entity at $1.5 billion under ticker NYB, and RF Acquisition Corp III filed for a $100-118 million IPO in October 2025 targeting deep tech in Asia; RFACW warrants persist as legacy securities post-merger.