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Private company

RF Acquisition Corp.

In its 2025 annual report the company says: “RF Acquisition Corp. is a blank check company incorporated in Delaware on January 11, 2021.”4

Last updated Oct 21, 2026.

Overview

-$1.0MNet income, fiscal 20242
  • IndustryBlank Checks1
  • HeadquartersDE1
  • Incorporated inDE3
  • Business address111 Somerset, #05-06, Singapore, U0 2381643
  • Filer category, Emerging growth company3

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RF Acquisition Corp. is a blank check company incorporated in Delaware on January 11, 2021. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus its search for a Business Combination on companies that are within the financial services, media, technology, retail, interpersonal communication, transportation, and education sectors. We shall not undertake our Business Combination with any entity with its principal business operations in China (including Hong Kong and Macau).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income562-$1.9M in 2024+293385% since 2021
-$3.0M-$2.0M-$1.0M02021: -$659-$65920212022: -$858.5K-$858.5K2022+130170%2023: -$2.6M-$2.6M2023+205%2024: -$1.9M-$1.9M2024−26%
Net income562-$1.0M in 2024+3097% since 2021
-$1.5M-$1.0M-$500.0K0$500.0K2021: -$31.8K-$31.8K20212022: $284.7K$284.7K20222023: -$565.4K-$565.4K20232024: -$1.0M-$1.0M2024+80%
Fiscal year2021202220232024
Operating income-$6595-$858.5K6-$2.6M2-$1.9M2
Income before tax-$31.8K5$588.6K6-$15.0K2-$771.8K2
Income tax$303.9K6$550.5K2$244.1K2
Net income-$31.8K5$284.7K6-$565.4K2-$1.0M2

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Corporate structure

RF Acquisition Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of RF Acquisition Corp.

  • RF Acquisition Corp. DE

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What RF Acquisition Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$40.5K2 Dec 31, 2024$188.2K2 Dec 31, 2023−78.5%

Properties, in its own words

We currently utilize office space at 111 Somerset, #05-06, Singapore 238164 from our Sponsor. We pay our Sponsor $10,000 per month for office space, secretarial and administrative services provided to members of our Management Team. Upon completion of our Business Combination or our liquidation, we will cease paying these monthly fees.

Item 2 of the 10-K filed Feb 14, 2025.4

Leadership

Who has led RF Acquisition Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tse Meng Ng2022

Chief financial officer

  1. Han Hsiung Lim2022

Chief operating officer

  1. Han Hsiung Lim2022
2025
Board members and other officers (6)

Timeline

  1. Feb 14, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer16
  2. Feb 5, 20258-K Entered a material agreement; Other events17
  3. Jan 23, 20258-K Listing notice or transfer; Shareholder vote; Regulation FD disclosure18
  4. Dec 2, 20248-K Regulation FD disclosure19
  5. Nov 4, 20248-K Listing notice or transfer20
  6. Oct 18, 20248-K Entered a material agreement21
  7. Oct 15, 20248-K Bylaws or fiscal year changed; Shareholder vote22
  8. Oct 3, 20248-K Entered a material agreement23
  9. Sep 24, 20248-K New debt or obligation; Bylaws or fiscal year changed; Shareholder vote24
  10. Sep 17, 20248-K Regulation FD disclosure25
  11. Jun 3, 20248-K Listing notice or transfer26
  12. Apr 30, 20248-K Listing notice or transfer27
  13. Mar 24, 2022New chief executive Tse Meng Ng becomes CEO10

Filings

129 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 30 major events, 7 insider forms, 23 large holders, 57 other. The latest 20:

  1. May 15, 2025SCHEDULE 13G/A EDGAR
  2. Mar 6, 2025SCHEDULE 13G/A EDGAR
  3. Feb 20, 2025SCHEDULE 13G/A EDGAR
  4. Feb 14, 202510-K EDGAR
  5. Feb 14, 2025SCHEDULE 13G/A EDGAR
  6. Feb 14, 202515-12G EDGAR
  7. Feb 14, 2025425 EDGAR
  8. Feb 14, 20258-K EDGAR
  9. Feb 5, 2025425 EDGAR
  10. Feb 5, 20258-K EDGAR
  11. Jan 23, 2025425 EDGAR
  12. Jan 23, 20258-K EDGAR
  13. Dec 31, 2024DEFM14A EDGAR
  14. Dec 2, 2024425 EDGAR
  15. Dec 2, 20248-K EDGAR
  16. Nov 20, 202410-Q EDGAR
  17. Nov 14, 2024NT 10-Q EDGAR
  18. Nov 14, 2024SC 13G/A EDGAR
  19. Nov 13, 2024SC 13G EDGAR
  20. Nov 4, 2024425 EDGAR

The 129 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How RF Acquisition Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRF Acquisition Corp.1
  • CIK0001847607
  • Employer ID (EIN)61-19913234
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address111 Somerset, #05-06, Singapore, U0 2381641
  • Phone0065690407661
  • Shares outstanding3,126,396 Common Class A shares; 0 Common Class B shares as of Feb 13, 20254
  • Public float$75.0M as of Jun 30, 20244
  • AuditorMarcum LLP, Boston, MA PCAOB ID 688; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 2, 20211
  • Filings132 in all: 8-K (29), 425 (18), SC 13G (10), 10-Q (9), SC 13G/A (9), 3 (7), NT 10-Q (7), CORRESP (6)1
    All 27 form types

    UPLOAD (5), S-1/A (4), SCHEDULE 13G/A (4), 10-K (3), DEF 14A (3), PRE 14A (3), DEFA14A (2), NT 10-K (2), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFM14A (1), DRS (1), EFFECT (1), PRER14A (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Feb 14, 2025
    Quarterly report (10-Q) Nov 20, 2024
    Proxy statement (DEF 14A) Sep 4, 2024
    Latest 8-K (8-K) Feb 14, 2025

Securities registered for trading

ClassSymbolExchange
Units, each consisting of one share of Class A Common Stock, one redeemable warrant, and one right to receive one-tenth of oneRFACUNasdaq
Share of Class A Common Stock, par value $0.0001 per shareRFACNasdaq
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per shareRFACWNasdaq
Rights, each right receives one-tenth of one share of Class A Common StockRFACRNasdaq

From the cover page of the 10-K filed Feb 14, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks RF Acquisition Corp. names in Item 1A of its 10-K filed Feb 14, 2025: 76 risks under these headings, as written.4

  • You should consider carefully all of the risks described below, together with the other information contained in this Form 10-K, before making a decision to invest in our securities. This Form 10-K also contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in the forward-looking statements as a result of specific factors, including the risks described below.
  • Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination
  • Our stockholders may not be afforded an opportunity to vote on our proposed Business Combination, and even if we hold a vote, holders of our Founder Shares will participate in such vote, which means we may complete our Business Combination even though a majority of our Public Stockholders do not support such a combination.
  • The Company has exercised extensions in connection with the consummation of the Business Combination. In the event the Company decides to further extend the period of time to consummate the Business Combination, as approved by the Company’s stockholders at the special meetings held on March 24, 2023, December 20, 2023, and September 23, 2024 investors will have no voting rights and no redemption rights in connection with such extensions.
  • Your only opportunity to affect the investment decision regarding a potential business combination may be limited to the exercise of your right to redeem your shares from us for cash.
  • If we seek stockholder approval of our Business Combination, our Initial Stockholders and Management Team have agreed to vote in favor of such Business Combination, regardless of how our Public Stockholders vote.
  • The ability of our Public Stockholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into a Business Combination with a target.
  • The ability of our Public Stockholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital structure.
  • The ability of our Public Stockholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our Business Combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
  • The requirement that we complete our Business Combination within the Revised Extension Deadline may give potential target businesses leverage over us in negotiating a Business Combination and may limit the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our dissolution deadline, which could undermine our ability to complete our Business Combination on terms that would produce value for our stockholders.
  • We may not be able to complete our Business Combination by the Revised Extension Deadline, in which case we would cease all operations except for the purpose of winding up and we would redeem our Public Shares and liquidate.
  • If we seek stockholder approval of our Business Combination, our Sponsor, Initial Stockholders, directors, executive officers, advisors and their affiliates may elect to purchase shares of Class A Common Stock, Rights, or Public Warrants from Public Stockholders, which may influence a vote on a proposed business combination and reduce the public “float” of our Class A Common Stock.
The other 64 risks
  • If a stockholder fails to receive notice of our offer to redeem our Public Shares in connection with our Business Combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.
  • The securities in which we invest the proceeds held in the Trust Account could bear a negative rate of interest, which could reduce the interest income available for payment of taxes or reduce the value of the assets held in trust such that the per-share redemption amount received by stockholders may be less than $10.10 per share.
  • Unanticipated changes in our effective tax rate or challenges by tax authorities could harm our future results.
  • You will not be entitled to protections normally afforded to investors of many other blank check companies.
  • If we seek stockholder approval of our Business Combination and we do not conduct redemptions pursuant to the tender offer rules, and if you or a “group” of stockholders are deemed to hold in excess of 15% of our Class A Common Stock, you will lose the ability to redeem all such shares in excess of 15% of our Class A Common Stock.
  • Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our Business Combination. If we are unable to complete our Business Combination, our Public Stockholders may receive only their pro rata portion of the funds in the Trust Account that are available for distribution to Public Stockholders, and our Warrants and Rights will expire worthless.
  • If the net proceeds of our Initial Public Offering not being held in the Trust Account are insufficient to allow us to operate through the Revised Extension Deadline period, it could limit the amount available to fund our search for a target business or businesses and complete our Business Combination, and we will depend on loans from our Sponsor or Management Team to fund our search and to complete our Business Combination.
  • If third parties bring claims against us, the proceeds held in the Trust Account could be reduced and the per-share redemption amount received by stockholders may be less than $10.10 per share.
  • Our directors may decide not to enforce the indemnification obligations of our Sponsor, resulting in a reduction in the amount of funds in the Trust Account available for distribution to our Public Stockholders.
  • If, before distributing the proceeds in the Trust Account to our Public Stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our stockholders and the per-share amount that would otherwise be received by our stockholders in connection with our liquidation may be reduced.
  • If, after we distribute the proceeds in the Trust Account to our Public Stockholders, we file a bankruptcy petition or an involuntary bankruptcy petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and the members of our board of directors may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our board of directors and us to claims of punitive damages.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our Business Combination.
  • Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our Business Combination, and results of operations.
  • Our stockholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
  • We may not hold an annual meeting of stockholders until after the consummation of our Business Combination, which could delay the opportunity for our stockholders to elect directors.
  • The grant of registration rights to our Initial Stockholders and holders of our Private Placement Warrants may make it more difficult to complete our Business Combination, and the future exercise of such rights may adversely affect the market price of our shares of Class A Common Stock.
  • Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our Business Combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our Business Combination may not have attributes entirely consistent with our general criteria and guidelines.
  • We are not required to obtain an opinion from an independent investment banking firm or from a valuation or appraisal firm, and consequently, you may have no assurance from an independent source that the price we are paying for the business is fair to our stockholders from a financial point of view.
  • We may issue additional shares of Class A Common Stock or shares of preferred stock to complete our Business Combination or under an employee incentive plan after completion of our Business Combination. We may also issue shares of Class A Common Stock upon the conversion of the Founder Shares at a ratio greater than one-to-one at the time of our Business Combination as a result of the anti-dilution provisions contained in our Charter. Any such issuances would dilute the interest of our stockholders and likely present other risks.
  • Because we are neither limited to evaluating a target business in a particular industry sector nor have we selected any specific target businesses with which to pursue our Business Combination, you will be unable to ascertain the merits or risks of any particular target business’s operations.
  • Unlike some other similarly structured special purpose acquisition companies, our Initial Stockholders will receive additional shares of Class A Common Stock if we issue certain shares to consummate a Business Combination.
  • Our warrant agreement designates the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of our warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with our company.
  • We may redeem your unexpired warrants prior to their exercise at a time that is disadvantageous to you, thereby making your warrants worthless.
  • Our Rights and Warrants may have an adverse effect on the market price of our shares of Class A Common Stock and make it more difficult to effectuate our Business Combination.
  • As the number of special purpose acquisition companies evaluating targets increases, attractive targets may become scarcer and there may be more competition for attractive targets. This could increase the cost of our Business Combination and could even result in our inability to find a target or to consummate a Business Combination.
  • General Risk Factors
  • We are a blank check company with no operating history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.
  • Our independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability continue as a “going concern.”
  • We are an emerging growth company and a smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to emerging growth companies or smaller reporting companies, this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.
  • Provisions in our Charter and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our shares of Class A Common Stock and could entrench management.
  • Cyber incidents or attacks directed at us could result in information theft, data corruption, operational disruption and/or financial loss.
  • We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a Business Combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our stockholders’ investment in us.
  • We may only be able to complete one business combination with the proceeds from our Initial Public Offering and the Private Placements, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability.
  • We may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our Business Combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
  • We may seek acquisition opportunities with an early stage company, a financially unstable business or an entity lacking an established record of revenue or earnings.
  • We may attempt to complete our Business Combination with a private company about which little information is available, which may result in a Business Combination with a company that is not as profitable as we suspected, if at all.
  • We may seek business combination opportunities with a high degree of complexity that require significant operational improvements, which could delay or prevent us from achieving our desired results.
  • We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete our Business Combination with which a substantial majority of our stockholders, right holders, or warrant holders do not agree.
  • In order to effectuate a Business Combination, special purpose acquisition companies have, in the recent past, amended various provisions of their charters and other governing instruments, including their warrant agreements. We cannot assure you that we will not seek to amend our Charter or governing instruments in a manner that will make it easier for us to complete our Business Combination that our stockholders may not support.
  • The provisions of our Charter that relate to our pre-business combination activity (and corresponding provisions of the agreement governing the release of funds from our Trust Account) may be amended with the approval of holders of 50.1% of our common stock, which is a lower amendment threshold than that of some other special purpose acquisition companies. It may be easier for us, therefore, to amend our Charter to facilitate the completion of a Business Combination that some of our stockholders may not support.
  • Certain agreements related to our Initial Public Offering may be amended without stockholder approval.
  • We may be unable to obtain additional financing to complete our Business Combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination.
  • Our Initial Stockholders control a substantial interest in us and thus may exert a substantial influence on actions requiring a stockholder vote, potentially in a manner that you do not support.
  • Because we must furnish our stockholders with target business financial statements, we may lose the ability to complete an otherwise advantageous Business Combination with some prospective target businesses.
  • Compliance obligations under the Sarbanes-Oxley Act may make it more difficult for us to effectuate our Business Combination, require substantial financial and management resources, and increase the time and costs of completing a Business Combination.
  • Risk Relating to the Post-Business Combination Company
  • Subsequent to our completion of our Business Combination, we may be required to take write- downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and the price of our securities, which could cause you to lose some or all of your investment.
  • Our ability to successfully effect our Business Combination and to be successful thereafter will be dependent upon the efforts of our key personnel, some of whom may join us following our Business Combination. The loss of key personnel could negatively impact the operations and profitability of our post-combination business.
  • Our key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination, and a particular business combination may be conditioned on the retention or resignation of such key personnel. These agreements may provide for them to receive compensation following our Business Combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.
  • We may have a limited ability to assess the management of a prospective target business and, as a result, may effect our Business Combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company.
  • The officers and directors of an acquisition candidate may resign upon completion of our Business Combination. The loss of a Business Combination target’s key personnel could negatively impact the operations and profitability of our post-combination business.
  • Risks Relating to our Management Team
  • We may not have sufficient funds to satisfy indemnification claims of our directors and executive officers.
  • Past performance by our Management Team and their affiliates may not be indicative of future performance of an investment in us.
  • We may seek business combination opportunities in industries or sectors that may be outside of our Management’s areas of expertise.
  • We are dependent upon our executive officers and directors and their loss could adversely affect our ability to operate.
  • Our executive officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our Business Combination.
  • Our officers and directors presently have, and any of them in the future may have additional, fiduciary or contractual obligations to other entities and, accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should be presented.
  • Our executive officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.
  • Changes in the market for directors’ and officers’ liability insurance could make it more difficult and more expensive for us to negotiate and complete a Business Combination.
  • We may engage in a Business Combination with one or more target businesses that have relationships with entities that may be affiliated with our Sponsor, executive officers, directors or existing holders which may raise potential conflicts of interest.
  • Since our Sponsor, executive officers and directors will lose their entire investment in us if our Business Combination is not completed, a conflict of interest may arise in determining whether a particular business combination target is appropriate for our Business Combination.
  • Our management may not be able to maintain control of a target business after our Business Combination. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably operate such business.
  • Risks Relating to our Securities
  • You will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your Public Shares, Rights, or Warrants, potentially at a loss.
  • EarlyBirdCapital may have a conflict of interest in connection with our Business Combination.
  • Nasdaq may delist our securities from trading on its exchange in the future, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.
  • Holders of our Class A Common Stock will not be entitled to vote on any appointment of directors prior to our Business Combination.

Legal proceedings

To the knowledge of our Management Team, there is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our Management Team in their capacity as such.

The opening of Item 3, Legal Proceedings.4

Sources

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