RF Acquisition III, a blank check company targeting deep technology in APAC, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
RF Acquisition III plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, and one right to receive one-tenth of one share upon the completion of an initial business combination.
The Singapore-based company is led by CEO and Chairman Tse Meng Ng, the co-founder and CEO of Ruifeng Wealth Management and a former investment banker. He is joined by CFO Chee Tham, a director of Vinfast Auto (VFS) and former audit partner at Ernst & Young.
The SPAC has not yet chosen a target, but plans to focus its search on businesses in Asia (but not in China) within the deep technology sector, including artificial intelligence, quantum computing, and biotechnology.
Management's previous SPACs include RF Acquisition II (RFAI; +7.3% from $10 offer price), which raised $100 million in May 2024 and earlier this year announced a merger with Nanyang Biologics, and RF Acquisition, which merged with GCL Global (GCL; -82.8%) in 2023.
The company was founded in 2025 and plans to list on the Nasdaq under the symbol RFAMU. EarlyBirdCapital is the sole bookrunner on the deal.
