RFAIRRF Acquisition Corp II Right
The schedule
- Thu15Oct
Assuming a transaction is announced, the shareholder vote to approve RF Acquisition Corp II’s business combination will be pivotal for RFAIR, with successful approval and manageable redemptions supporting a move toward $0.22, while a failed vote or extreme redemptions could drive the rights toward $0.22.
- Fri12Feb
- Wed31Mar
As RF Acquisition Corp II approaches its outside date to complete a business combination, RFAIR will trade as a binary option on either a last-minute deal or extension toward $0.16, or liquidation and near-total value loss toward $0.16 if no viable path emerges.
- Fri14May
- Fri13Aug
Past
- Sat15Aug
Actual outcome: Bull
RF Acquisition Corp II successfully announced a business combination agreement, delivering on the anticipated value-creation catalyst. The market viewed the proposed deal as credible, driving a 52.6% rally in the rights as investors priced in a successful path toward a completed merger.
A signed letter of intent or definitive business combination agreement by RF Acquisition Corp II would be the key value-creation catalyst for RFAIR, with a strong positive path toward $0.20 if the deal is viewed as credible and a sharp reset toward $0.20 if the market sees limited upside or elevated redemption risk.
- Fri14Aug
Actual outcome: Bull · $0.18 at outcome
RFAIR reported Q4 2024 EPS of -$0.0847, coming in exactly in-line with consensus estimates. Despite the lack of a headline earnings beat, the stock surged over 52% to easily surpass the $0.13 bull target, driven by a highly positive market reception to the company's broader financial updates and forward outlook.
RFAIR reported Q4 2024 EPS of -$0.0847, coming in exactly in-line with consensus estimates. Despite the lack of a headline earnings beat, the stock surged over 52% to easily surpass the $0.13 bull target, driven by a highly positive market reception to the company's broader financial updates and forward outlook.
- Fri15May
Actual outcome: Mixed · $0.10 at outcome
RF Acquisition Corp II's Q1 2026 10-Q filing provided no material updates regarding a definitive business combination agreement or significant changes to the SPAC's timeline. Without a concrete catalyst or new target announcement, the market kept the rights' residual option value unchanged, resulting in completely flat price action.
The Q1 2026 10-Q should update cash held in trust, search progress for a target, and any changes to the RF Acquisition Corp II business combination deadline, driving a reassessment of RFAIR’s residual option value around $0.12.