RF Acquisition Corp II
RF Acquisition Corp II is a special purpose acquisition company (SPAC) that raises capital through an initial public offering (IPO) to acquire an existing private operating business.
Business. RF Acquisition Corp II (RFAI.O) is an investment holding company listed on the NASDAQ exchange. The firm operates within the Financials sector, specifically classified under Investment Holding Companies. No specific operating segments or geographic breakdowns are provided in the available data. The company is headquartered in the United States, consistent with its NASDAQ listing.
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
RF Acquisition Corp II (RFAI.O) is an investment holding company listed on the NASDAQ exchange. The firm operates within the Financials sector, specifically classified under Investment Holding Companies. No specific operating segments or geographic breakdowns are provided in the available data. The company is headquartered in the United States, consistent with its NASDAQ listing.
RF Acquisition Corp II maintains a strong liquidity position with total assets of $52.66 million and total liabilities of $4.99 million, resulting in a debt-to-equity ratio of 0.0. The company's current ratio of 0.41 indicates that it has $0.41 in current assets for every $1 of current liabilities, suggesting potential liquidity constraints in the short term. The price-to-book ratio of 1.91 and price-to-tangible-book ratio of 1.91 suggest that the company is trading at a premium to its book value.
The company reported a net income of $3.37 million and an operating income of -$1.26 million in the latest period. Its return on equity (ROE) of 7.06% and return on assets (ROA) of 6.39% indicate that it is generating a modest return on its equity and assets. These returns are in line with the industry's preferred metrics, which emphasize capital efficiency and asset utilization.
RF Acquisition Corp II operates as a single business segment, with no disclosed geographic diversification in its revenue streams. The company's revenue is concentrated in the United States, as it is a SPAC with no operating business at the time of reporting.
The company's growth trajectory is speculative, as it is a SPAC with no operating business. The market price of $10.93 and a market cap of $91.20 million reflect investor expectations for a future acquisition. No specific revenue growth rates or future earnings projections are available for the current or next fiscal year.
The company's risk profile is characterized by low liquidity and dilution risk. No immediate filing-based liquidity or dilution flags were detected, and the company has no long-term debt. The absence of dilution risk is supported by the fact that the company has not issued additional shares in the recent period. The company's valuation is not adjusted for any specific factors, indicating that the market price is based on standard valuation metrics.
No recent events, such as filings or transcripts, have been disclosed that would significantly impact the company's operations or valuation. The company's status as a SPAC means that its future performance is contingent on the success of a potential acquisition.
- RF Acquisition Corp II is a SPAC with no operating business and is raising capital for a future acquisition.
- The company has a strong liquidity position with total assets of $52.66 million and no long-term debt.
- The company's return on equity of 7.06% and return on assets of 6.39% indicate modest returns on its equity and assets.
- The company's market price of $10.93 and a market cap of $91.20 million reflect investor expectations for a future acquisition.
- The company's risk profile is characterized by low liquidity and dilution risk, with no immediate filing-based flags detected.
Bull / Bear case
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Stress test
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Options
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
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- Market Capmarket_price * shares_outstanding_diluted
- RF Acquisition Corp II Market data — financials · 2026-05-29
Ownership & reference
Leadership
- Tse NgChairman of the Board, Chief Executive Officer
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 15.6%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -527.3%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -247.4%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -37.7%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -56.1%Derived (calculated)
- Return on equity (FY 2025-12-31): -73.3%Derived (calculated)
- Return on assets (FY 2025-12-31): 6.4%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.41xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): -1.09xDerived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 6.7%Derived (calculated)
- Operating cash flow (annual): USD -561.4KSEC XBRL filing
- Total assets (annual): USD 52.66MSEC XBRL filing
- Shares outstanding (annual): 3.51MSEC XBRL filing
- Total liabilities (annual): USD 4.99MSEC XBRL filing
- Current liabilities (annual): USD 969.45KSEC XBRL filing
- Current assets (annual): USD 401.8KSEC XBRL filing
- Cash & equivalents (annual): USD 0SEC XBRL filing
- Shareholders' equity (annual): USD -4.59MSEC XBRL filing
- Operating income (annual): USD -1.26MSEC XBRL filing
- Net income (annual): USD 3.37MSEC XBRL filing
- Return on assets (FY 2024-12-31): 2.6%Derived (calculated)
- Current ratio (FY 2024-12-31): 3.33xDerived (calculated)
- Debt-to-equity (FY 2024-12-31): -1.30xDerived (calculated)
- Return on equity (FY 2024-12-31): -94.6%Derived (calculated)