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RF Acquisition Corp. Closes US$100M Initial Public Offering

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Insight

RF Acquisition Corp. Closes US$100M Initial Public Offering

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1 Min Read

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March 23, 2022

Winston & Strawn LLP represented RF Acquisition Corp. (NASDAQ: RFACU) (the Company), a blank check company, in its IPO of 10,000,000 units, at a price of US$10.00 per unit. The units are listed on the Nasdaq Global Market (NASDAQ) and began trading under the ticker symbol “RFACU” on March 24, 2022. Each unit consists of one share of Class A common stock, one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock of the Company at a price of US$11.50 per share, and one right to receive one-tenth (1/10) of one share of Class A common stock. After the securities comprising the units begin separate trading, the Class A common stock, warrants, and rights are expected to be listed on Nasdaq under the symbols “RFAC,” "RFACW," and “RFACR,” respectively.

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