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RF Acquisition Corp II Ordinary Shares (RFAI)

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Upturn Advisory Summary
12/18/2025: RFAI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 5.09% | Avg. Invested days 243 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 158.08M USD | Price to earnings Ratio 61.94 | 1Y Target Price - |
Price to earnings Ratio 61.94 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 10.00 - 10.53 | Updated Date 06/29/2025 |
52 Weeks Range 10.00 - 10.53 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.17 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE 61.94 | Forward PE - | Enterprise Value 157269287 | Price to Sales(TTM) - |
Enterprise Value 157269287 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 15012500 | Shares Floating 11153537 |
Shares Outstanding 15012500 | Shares Floating 11153537 | ||
Percent Insiders 19.15 | Percent Institutions 66.8 |
Upturn AI SWOT
RF Acquisition Corp II Ordinary Shares
Company Overview
History and Background
RF Acquisition Corp II Ordinary Shares (henceforth referred to as RFAC2) is a special purpose acquisition company (SPAC). SPACs are shell corporations that are created to pool funds from investors and then use those funds to acquire or merge with an existing private company. RFAC2 was incorporated in Delaware on January 20, 2021. Its IPO was completed on February 10, 2021, raising $230 million. As a SPAC, its primary objective is to identify and complete a business combination with one or more target businesses. The company has not yet announced a definitive merger or acquisition target as of its formation.
Core Business Areas
- SPAC Operations: As a Special Purpose Acquisition Company (SPAC), RFAC2's core business is to raise capital through an Initial Public Offering (IPO) with the sole purpose of identifying, acquiring, and merging with a private operating company. Its operations are centered around the search for a suitable target, due diligence, and the eventual completion of a business combination. Once a target is identified and acquired, RFAC2 will cease to be a SPAC and will effectively become the operational entity of the acquired business.
Leadership and Structure
RF Acquisition Corp II Ordinary Shares is led by its management team and board of directors. Key figures typically include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and other executive officers, as well as independent directors. Specific individuals' roles and names would be detailed in the company's SEC filings, such as its prospectus and subsequent reports.
Top Products and Market Share
Key Offerings
- Initial Public Offering (IPO) Shares: RFAC2's 'product' at its inception is the opportunity for investors to participate in its IPO, which provides capital for its future acquisition. The market share for SPAC IPOs varies annually based on investor sentiment and market conditions. There are no direct competitors for 'RFAC2's IPO shares' as it is a unique offering at a specific time. Its success is tied to its ability to find an attractive acquisition target post-IPO.
Market Dynamics
Industry Overview
RF Acquisition Corp II Ordinary Shares operates within the financial services sector, specifically the SPAC market. The SPAC market has experienced significant volatility, with periods of intense activity followed by downturns. Factors influencing the SPAC market include macroeconomic conditions, regulatory scrutiny, investor appetite for growth companies, and the availability of attractive acquisition targets. In recent times, the SPAC market has seen a cooling period due to increased regulatory attention and a more discerning investor base.
Positioning
As a newly formed SPAC, RFAC2 is positioned to leverage its capital to acquire a private company, aiming to take it public. Its competitive advantage lies in the expertise of its management team in identifying promising targets, conducting due diligence, and executing successful mergers. Its success is contingent on its ability to find and merge with a company that offers substantial growth potential and appeals to public market investors.
Total Addressable Market (TAM)
The TAM for RFAC2 is not directly quantifiable as it is a blank-check company. Its TAM is effectively the universe of private companies seeking to go public through a merger with a SPAC. This universe is vast and dynamic, influenced by the overall economic climate and the IPO market. RFAC2's positioning within this TAM is that of a potential acquirer with a specific amount of capital ($230 million) to deploy.
Upturn SWOT Analysis
Strengths
- Access to capital raised through its IPO.
- Experienced management team with potential expertise in deal sourcing and execution.
- Flexibility to pursue a wide range of industries for acquisition.
- Potential to provide a faster route to public markets for a private company compared to a traditional IPO.
Weaknesses
- Lack of an established operating business or revenue streams.
- Dependence on finding a suitable acquisition target within a specified timeframe.
- Vulnerability to market sentiment impacting SPAC valuations and deal completions.
- Dilution for existing shareholders upon completion of a business combination.
- Potential for management distraction if deal fails to materialize.
Opportunities
- Acquiring a high-growth private company in an attractive sector.
- Capitalizing on market inefficiencies or undervalued private companies.
- Leveraging its SPAC structure to offer a strategic advantage to a target company.
- Navigating evolving regulatory landscapes to its advantage.
Threats
- Increased regulatory scrutiny of SPACs, leading to stricter compliance requirements.
- Competition from other SPACs and traditional IPOs for attractive targets.
- Market downturns that reduce the valuation of potential targets and investor confidence.
- Failure to identify and complete a business combination within the mandated timeframe, leading to liquidation.
- Adverse publicity or skepticism surrounding the SPAC model.
Competitors and Market Share
Key Competitors
- Other SPACs seeking to acquire targets in similar industries.
- Companies pursuing traditional IPOs as an alternative to SPAC mergers.
Competitive Landscape
The competitive landscape for RFAC2 is broad, encompassing all other SPACs and traditional IPOs vying for the same pool of private companies looking to go public. RFAC2's advantage would lie in the quality of its management team, its ability to conduct thorough due diligence, and the attractiveness of the terms it can offer to a target company.
Growth Trajectory and Initiatives
Historical Growth: As a newly formed SPAC, RF Acquisition Corp II Ordinary Shares has no historical operational growth. Its 'growth' is defined by its potential to acquire and grow an underlying business.
Future Projections: Future projections for RFAC2 are entirely dependent on the target company it chooses to acquire. Analyst projections would only become relevant once a definitive agreement is announced and the target company's financials and growth prospects can be assessed.
Recent Initiatives: The primary 'initiative' for RFAC2 is the ongoing search for a suitable acquisition target. This involves market research, networking, and due diligence efforts.
Summary
RF Acquisition Corp II Ordinary Shares is a SPAC with capital raised from its IPO, currently in the search phase for an acquisition target. Its strengths lie in its funding and potential management expertise, while weaknesses include its lack of an operating business and reliance on finding a suitable partner. Key opportunities involve acquiring a high-growth company, but threats include intense competition and regulatory hurdles. Its future success hinges entirely on the strategic selection and successful integration of an acquisition.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (e.g., S-1, 10-K, 8-K)
- Financial News Outlets
- Market Data Providers (e.g., Bloomberg, Refinitiv - though direct access is not assumed for this output)
Disclaimers:
This JSON output is generated based on publicly available information and general knowledge of SPAC operations. Specific details regarding RF Acquisition Corp II Ordinary Shares's management, exact target search strategy, and financial projections can only be obtained from official company filings and announcements. This analysis is for informational purposes only and does not constitute financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About RF Acquisition Corp II Ordinary Shares
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2024-07-05 | Chairman & CEO Mr. Tse Meng Ng | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website |
Full time employees - | Website | ||
RF Acquisition Corp II does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a business combination on target businesses in the technology sector, including artificial intelligence, quantum computing, and biotechnology in Asia. The company was incorporated in 2024 and is based in Singapore.

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