RF Acquisition Corp III entered into a Business Combination Agreement with HCC Healthcare Pte. Ltd. and HCC Merger Sub Limited on July 9, 2026. The transaction involves a recapitalization of HCC Healthcare to a $500,000,000 total equity value on a fully-diluted basis, with RFAC III ordinary shares converting to HCC Healthcare ordinary shares and rights exchanging for one-tenth of a share. RF Acquisition Corp III is a special purpose acquisition company (SPAC) focused on identifying and completing business combinations with target companies.