MergerJul 21, 2026, 04:32 PM
RF Acquisition Corp III to Merge with HCC Healthcare at $500M Valuation
AI Summary
RF Acquisition Corp III announced it has entered into a definitive Business Combination Agreement with HCC Healthcare Pte. Ltd. and HCC Merger Sub Limited on July 9, 2026. The transaction values HCC Healthcare at a total equity of $500,000,000 on a fully-diluted basis. The SPAC reported a net income of $1,239,770 for the nine months ended June 30, 2026, primarily driven by interest earned on its Trust Account, which held $101,273,496 in cash.
Key Highlights
- Entered Business Combination Agreement with HCC Healthcare and HCC Merger Sub on July 9, 2026.
- HCC Healthcare valued at $500,000,000 total equity on a fully-diluted basis.
- Cash held in Trust Account reached $101,273,496 as of June 30, 2026.
- Reported net income of $1,239,770 for the nine months ended June 30, 2026.
- Total assets increased to $102,219,044 as of June 30, 2026.
- Cash balance was $891,600 at the end of June 30, 2026.
- Public shares subject to possible redemption totaled $101,273,496.
Price Impact
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