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RF Acquisition Corp II Ordinary Shares (RFAI)

USD11.09 +0.03 (+0.27%)
KY NASDAQ Financial Services Shell Companies
Address No. 05-07, 111 Somerset
Singapore, KY
CEO Tse Meng Ng
IPO 2024-07-05
CIK 2012807 ISIN KYG753891095

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Also trades on NASDAQ Global Market · RFAI (USD) NASDAQ Global Market · RFAIU (USD)
Description

RF Acquisition Corp II currently maintains no substantial operational activities. Its core objective is to execute a strategic business combination, which may include a merger, share or asset acquisition, or corporate reorganization, with other enterprises. The company intends to focus its search for potential partners within the technology sector in Asia, specifically seeking out businesses specializing in artificial intelligence, quantum computing, and biotechnology. Founded in 2024, its principal location is Singapore.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD11.09 +0.03 (+0.27%)
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Volume Profile
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Liquidity & share structure
Average Volume
1.9K
Beta
0.01
Float Shares
11.94M
Free Float %
79.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% +0.64% +1.20% +2.52% +2.23% +4.77% +9.46% +9.46% +9.46% +9.46%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Quality scores
Altman Z-Score
18.93
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Operational MOAT
✗ Below peers
  • Revenue growth Shell Companies: +20.6%
  • EPS growth Shell Companies: -12.3%
    +14.3% Q1'26: -85.3% (vs Q1'25)
  • FCF margin FCF growth · Shell Companies: +8.7%
  • EBIT margin Shell Companies: +0.0%
  • ROIC Shell Companies: +0.0%
    -2.6% Q1'26: -3.0% (vs Q1'25)
  • Share dilution Shell Companies: -10.2%
    -4.8% Q1'26: -67.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Shell Companies: 0.00×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-05-22 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-05-21 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-05-18 C+ 2/5 1/5 3/5 5/5 1/5 1/5 2/5
2026-05-15 C+ 2/5 1/5 2/5 5/5 1/5 1/5 2/5
2026-05-14 C+ 2/5 1/5 2/5 5/5 1/5 1/5 2/5
2026-05-13 C+ 2/5 1/5 2/5 5/5 1/5 1/5 2/5
2026-05-11 C+ 2/5 1/5 2/5 5/5 1/5 1/5 2/5
2026-05-08 C 2/5 1/5 1/5 5/5 1/5 1/5 1/5
2026-05-07 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-05-06 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-05-05 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-05-04 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-05-01 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-30 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-29 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-28 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-27 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-24 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-23 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-22 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-21 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-20 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-17 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5
2026-04-16 C+ 2/5 1/5 3/5 5/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
15
Total invested
48.46M
Insider transactions (90d)
0
Beneficial owners (>5%)
10
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Investment Management 1.38M 13.30% 1.32M 1.38M IA York 2024-08-08
2 FTCS Sub GP LLC 1.04M 6.94% 1.04M 1.04M HC Delaware 2024-11-14
3 First Trust Capital Management L.P. 1.04M 6.94% 1.04M 1.04M IA Delaware 2024-11-14
4 First Trust Capital Solutions L.P. 1.04M 6.94% 1.04M 1.04M HC Delaware 2024-11-14
5 Matthew Simpson 954.2K 6.40% 954.2K IA, HC, IN United States of America 2024-11-14
6 Wealthspring Capital LLC 954.2K 6.40% 954.2K IA, PN New York 2024-11-14
7 First Trust Merger Arbitrage Fund 939.2K 6.26% 939.2K 939.2K IV Delaware 2024-11-14
8 AQR Arbitrage, LLC 853.4K 5.68% 853.4K IA Delaware, USA 2024-11-14
9 AQR Capital Management Holdings, LLC 853.4K 5.68% 853.4K HC Delaware, USA 2024-11-14
10 AQR Capital Management, LLC 853.4K 5.68% 853.4K IA Delaware, USA 2024-11-14

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
15
+0 vs prev Q
New positions
0
Closed positions
0
Increased
4
Reduced
6
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 KARPUS MANAGEMENT, INC. 2.40M -8.6K (-0.4%) 25.72M -115.8K (-0.4%) 22.53% +6.502 pp 0.69% -0.132 pp USD10.17 +5.7% 6 qtrs
2 FIRST TRUST CAPITAL MANAGEMENT L.P. 514.5K -514.6K (-50.0%) 5.53M -5.5M (-50.0%) 4.84% -2.020 pp 0.33% -0.378 pp USD10.17 +5.7% 6 qtrs
3 BERKLEY W R CORP 297.9K -640.0K (-68.2%) 3.20M -6.9M (-68.3%) 2.80% -3.448 pp 0.15% -0.430 pp USD10.44 +3.0% 6 qtrs
4 DEUTSCHE BANK AG\ 243.0K -50.0K (-17.1%) 2.61M -539.4K (-17.1%) 2.11% +0.161 pp 0.00% 0.000 pp USD10.17 +5.7% 6 qtrs
5 MIZUHO SECURITIES USA LLC 229.4K +73.3K (+47.0%) 2.44M +796.4K (+48.4%) 2.16% +1.116 pp 0.04% +0.007 pp USD10.61 +1.3% 3 qtrs
6 GLAZER CAPITAL, LLC 200.0K -318.9K (-61.5%) 2.15M -3.4M (-61.5%) 1.88% -1.577 pp 0.06% -0.131 pp USD10.17 +5.7% 6 qtrs
7 AQR ARBITRAGE LLC 170.3K -602.7K (-78.0%) 1.84M -6.4M (-77.7%) 1.60% -3.548 pp 0.04% -0.171 pp USD10.17 +5.7% 6 qtrs
8 WOLVERINE ASSET MANAGEMENT LLC 150.8K -701.2K (-82.3%) 1.63M -7.5M (-82.2%) 1.42% -4.258 pp 0.01% -0.055 pp USD10.31 +4.3% 6 qtrs
9 POLAR ASSET MANAGEMENT PARTNERS INC. 50.0K -175.0K (-77.8%) 537.5K -1.9M (-77.8%) 0.47% -1.029 pp 0.01% -0.020 pp USD10.17 +5.7% 6 qtrs
10 KEPOS CAPITAL LP 29.1K -943.0 (-3.1%) 316.0K -6.0K (-1.9%) 0.27% +0.073 pp 1.79% +0.083 pp USD10.17 +5.7% 6 qtrs
11 LOGAN STONE CAPITAL, LLC 19.0K +19.0K (+100.0%) 206.5K +206.5K (+100.0%) 0.18% +0.179 pp 0.05% +0.051 pp USD10.75 +0.0% 1 qtrs NEW
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 16.2K +3.8K (+30.9%) 174.1K +42.4K (+32.2%) 0.15% +0.070 pp 0.00% +0.000 pp USD10.74 +0.1% 2 qtrs
13 GOLDMAN SACHS GROUP INC 16.2K -57.3K (-78.0%) 174.0K -616.0K (-78.0%) 0.15% -0.338 pp 0.00% 0.000 pp USD10.19 +5.5% 6 qtrs
14 CLEAR STREET GROUP INC. 9.2K +9.0K (+4,466.7%) 98.7K +96.5K (+4,470.4%) 0.09% +0.085 pp 0.00% +0.000 pp USD10.75 +0.0% 2 qtrs
15 MORGAN STANLEY 564.00 +40.0 (+7.6%) 6.1K +424.0 (+7.5%) 0.01% +0.002 pp 0.00% +0.000 pp USD10.71 +0.4% 4 qtrs
16 RIVERNORTH CAPITAL MANAGEMENT, LLC -93.1K (-100.0%) -999.9K (-100.0%) 0.00% -0.620 pp 0.00% -0.057 pp USD 6 qtrs SOLD
17 ROBINSON CAPITAL MANAGEMENT, LLC -20.3K (-100.0%) -216.1K (-100.0%) 0.00% -0.135 pp 0.00% -0.115 pp USD 5 qtrs SOLD
18 SHAOLIN CAPITAL MANAGEMENT LLC -87.5K (-100.0%) -939.8K (-100.0%) 0.00% -0.583 pp 0.00% -0.041 pp USD 2 qtrs SOLD
19 TORONTO DOMINION BANK -100.0K (-100.0%) -1.1M (-100.0%) 0.00% -0.666 pp 0.00% -0.002 pp USD 5 qtrs SOLD
20 TWO SIGMA INVESTMENTS, LP -250.0K (-100.0%) -2.7M (-100.0%) 0.00% -1.665 pp 0.00% -0.004 pp USD 6 qtrs SOLD
21 UBS GROUP AG -2.0K (-100.0%) -21.5K (-100.0%) 0.00% -0.013 pp 0.00% +0.000 pp USD 6 qtrs SOLD
22 WARBERG ASSET MANAGEMENT LLC -38.0K (-100.0%) -408.1K (-100.0%) 0.00% -0.253 pp 0.00% -0.065 pp USD 6 qtrs SOLD
23 WEALTHSPRING CAPITAL LLC -746.7K (-100.0%) -8.0M (-100.0%) 0.00% -4.974 pp 0.00% -1.909 pp USD 6 qtrs SOLD
24 WESTCHESTER CAPITAL MANAGEMENT, LLC -250.0K (-100.0%) -2.7M (-100.0%) 0.00% -1.665 pp 0.00% -0.122 pp USD 5 qtrs SOLD
25 CITADEL ADVISORS LLC -16.4K (-100.0%) -174.9K (-100.0%) 0.00% -0.109 pp 0.00% +0.000 pp USD 5 qtrs SOLD
26 D. E. SHAW & CO., INC. -541.1K (-100.0%) -5.8M (-100.0%) 0.00% -3.605 pp 0.00% -0.003 pp USD 6 qtrs SOLD
27 MAGNETAR FINANCIAL LLC -99.0K (-100.0%) -1.1M (-100.0%) 0.00% -0.660 pp 0.00% -0.006 pp USD 3 qtrs SOLD
28 MINT TOWER CAPITAL MANAGEMENT B.V. -80.0K (-100.0%) -859.0K (-100.0%) 0.00% -0.533 pp 0.00% -0.102 pp USD 6 qtrs SOLD
29 PERISCOPE CAPITAL INC. -175.1K (-100.0%) -1.9M (-100.0%) 0.00% -1.166 pp 0.00% -0.299 pp USD 6 qtrs SOLD
30 PICTON MAHONEY ASSET MANAGEMENT -100.0K (-100.0%) -1.1M (-100.0%) 0.00% -0.666 pp 0.00% -0.010 pp USD 6 qtrs SOLD
31 RADCLIFFE CAPITAL MANAGEMENT, L.P. -30.1K (-100.0%) -322.9K (-100.0%) 0.00% -0.200 pp 0.00% -0.020 pp USD 2 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2025-05-01 Lee Low Tuan Director 0 0.00 0

Executive team

Top executives
Shares Outstanding
15.01M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2025-10-14 DEF 14A
2025-09-29 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-14 SC 13G
2026-05-08 SC 13G
2026-05-07 10-Q
2026-05-05 F-4/A
2026-04-17 F-4/A
2026-04-07 SC 13G/A
2026-03-19 F-4
2026-03-06 SC 13G/A
2026-02-12 SC 13G/A
2026-02-11 SC 13G/A

Executive team

NameTitleCompensationGender
Chee Soon Tham Chief Financial Officer & Director male
Tse Meng Ng Chairman & Chief Executive Officer male
ESG Rating
B
SHELL COMPANIES
Rank: 373 out of 750
2026
E (Environmental)
75.7 / 63.7
Company / Sector avg.
S (Social)
76.1 / 62.9
Company / Sector avg.
G (Governance)
74.4 / 62.8
Company / Sector avg.
ESG Total
75.4 / 63.2
Company / Sector avg.
ESG Score History SHELL COMPANIES
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings reports

Stock splits