RF Acquisition Corp II Ordinary Shares

RF Acquisition Corp II Ordinary Shares

RFAI
RF Acquisition Corp II Ordinary SharesUS flagNASDAQ Global Market
11.07
USD
+0.01
- -
166.19MMarket Cap
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
Basic EPS, GAAP
0.97
0.24
0.19
Free Cash Flow per Basic Share
-0.03
-0.04
-0.05
Dividend per Share
- -
- -
- -
Book Value per Share
35.63
3.37
3.75
Tangible Book Value per Share
35.63
3.37
3.75
Basic Weighted Avg Shares
3
14
13
Sales/Revenue/Turnover
- -
- -
- -
Operating Margin (%)
- -
- -
- -
Depreciation Expense
- -
- -
- -
Net Income, GAAP
3
3
2
Effective Tax Rate (%)
- -
- -
- -
Profit Margin (%)
- -
- -
- -
Working Capital
1
-1
-1
LT Debt
- -
- -
- -
Total Equity
116
48
48
Return on Invested Capital (%)
- -
- -
- -
Return on Capital (%)
- -
- -
- -
Return on Common Equity (%)
- -
4.12
2.96

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
8
8
Market Capitalization
161
161
139

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1
- -
- -
Cash, Cash Equivalents & STI
1
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1
1
1
Payables & Accruals
- -
1
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-58.82%
Free Cash Flow
- -
- -
527.26%
Net Income, GAAP
- -
- -
6.66%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.97
2025
0.07
0.07
0.07
- -
0.24
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Tse Meng Ng
Full Time Employees
2
Sector
Financial Services
Industry
Shell Companies
Address
No. 05-07, 111 Somerset Singapore CE Singapore
IPO Date
Jul 5, 2024
Business
RF Acquisition Corp II operates as a blank check company incorporated in 2024 and headquartered in Singapore. The company primarily focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combinations with one or more target businesses. Its search centers on companies in the technology sector, specifically involving artificial intelligence, quantum computing, and biotechnology in Asia. The company does not have significant operations or direct product manufacturing but aims to acquire businesses that manufacture or provide advanced technology solutions. A key recent development is RF Acquisition Corp II's business combination agreement with Nanyang Biologics Pte. Ltd., a Singapore-based AI drug discovery pioneer. This reverse merger, valued at approximately $1.5 billion, positions Nanyang Biologics as a wholly-owned subsidiary of the combined entity, marking a major strategic expansion into biotech and AI drug discovery markets. The transaction reflects RF Acquisition Corp II's strategic shift from a blank check entity to an operating public company with substantial involvement in high-growth technology sectors. RF Acquisition Corp II was listed on NASDAQ in May 2024 and continues to operate from Singapore with a market capitalization in the range of $130 to $160 million as of late 2025. Its leadership includes chairman and CEO Tse Meng Ng, who brings expertise in wealth management and financial services. The company targets Asian markets for acquisition, supporting growth in advanced technology fields, notably AI and biotech. In summary, RF Acquisition Corp II provides financial and strategic platforms to acquire and operate technology-focused businesses, recently transitioning through a significant merger with Nanyang Biologics that expands its footprint in AI-driven drug discovery and biotechnology across Asia. This transaction represents the company’s latest major operational and strategic development. This profile captures RF Acquisition Corp II's business model, main focus areas, and recent strategic changes as of late 2025.

Company News

APIChatGPT
  • RF Acquisition Corp II (NASDAQ:RFAI) Trading 0.3% Higher – Still a Buy?