RF Acquisition Corp. II (NASDAQ:RFAIU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RFAIU”, Friday, May 17, 2024.
The new SPAC intends to focus its target search on businesses in Asia within the deep technology sector, including artificial intelligence, quantum computing, and biotechnology.
The RF II sponsor team will be led by Chief Executive Officer and Chairmen Tse Meng Ng and Chief Financial Officer and Director Chee Soon Tham. Vincent Yang Hui and Ryan Lee Wen will serve as independent directors.
Total SPAC deal count for 2024 year-to-date is now 9. This offering is expected to close on Tuesday, May 21, 2024.
EarlyBird Capital LLC is acting as sole book-running manager and Revere Securities is acting as co-manager for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Horizon Space I (NASDAQ:HSPO) has entered into a definitive agreement to combine with brand marketing firm Squirrel Enlivened for $200 million in equity consideration. Shenzhen, China-based Squirrel Enlivened serves as a video and print ad agency for Asian clients of a variety of sizes. The combined company is expected to trade on the Nasdaq once...
At the SPAC of Dawn SPACs celebrated the beginning of the Fed meeting today with two new deal announcements. Both transactions are by Asia-based teams, but represent seemingly very different processes. Horizon Space I (NASDAQ:HSPO) has been working on its combination with Squirrel Enlivened since at least last October, when it signed an letter of...
Many things go into an M&A transaction negotiation, but one of the most common points at issue in SPAC deals is the fate of the sponsor’s promote. While the two sides might wrangle back and forth on the target’s valuation and potential earnout consideration, it is also common for the sponsor to agree to concessions...
At the SPAC of Dawn The tantalizing “will they, won’t they” drama around rate cuts appears set to finally come to a head this week as the Federal Reserve is expected to make an interest rate decision Wednesday morning. But, that is far from all that is going down in SPACland this week. The five...
Terms Tracker for the Week Ending September 13, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We were expecting this week to be busier than it was since it was the first 5-day week post-Summer. However, it was actually very light....