Quarterly ResultApr 30, 2026, 06:08 AM
RFAM Q1 Net Income $725,986; IPO Raises $100M for Trust
AI Summary
RF Acquisition Corp III (RFAM) reported a net income of $725,986 for the three months ended March 31, 2026, and $673,033 for the six months. The company consummated its Initial Public Offering on February 17, 2026, raising $100,000,000, which was placed into a Trust Account. Additionally, 350,000 Private Placement Units were sold for $3,500,000. The company is an early-stage SPAC focused on a Business Combination within 21 months.
Key Highlights
- Initial Public Offering (IPO) on Feb 17, 2026, raised $100,000,000.
- Sold 350,000 Private Placement Units for $3,500,000.
- Net income of $725,986 for the three months ended March 31, 2026.
- Net income of $673,033 for the six months ended March 31, 2026.
- Cash held in Trust Account reached $100,403,232 as of March 31, 2026.
- Total Assets increased to $101,417,975 as of March 31, 2026.
- Underwriters forfeited over-allotment option on Feb 19, 2026, leading to 500,000 Founder Shares forfeiture.
- Company has 21 months from IPO closing to complete a Business Combination.