Recent Updates — RFAI
RF Acquisition Corp II shareholders approved an amendment to extend the deadline for completing a business combination from August 15, 2026, to February 15, 2027. The extension allows for six one-month periods, requiring a $75,000 deposit into the trust account for each month in exchange for a non-interest-bearing promissory note. Additionally, the company forfeited its right to withdraw up to $100,000 of interest from the trust account to cover liquidation expenses. Following the vote, 833,157 shares were redeemed at approximately $11.13 per share, removing roughly $9.28 million from the trust account and leaving approximately $44.52 million remaining. The company operates as a blank check company focused on identifying and merging with private enterprises.