RF Acquisition Corp II (NASDAQ:RFAI) Trading 0.1% Higher – What’s Next?

Shares of RF Acquisition Corp II (NASDAQ:RFAI) traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $10.24 and last traded at $10.24. 1,000 shares were traded during trading, a decline of 97% from the average session volume of 30,050 shares. The stock had previously closed at $10.23.

RF Acquisition Corp II Price Performance

The company’s 50-day simple moving average is $10.20.

Institutional Trading of RF Acquisition Corp II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glazer Capital LLC acquired a new stake in shares of RF Acquisition Corp II in the third quarter worth approximately $6,132,000. Mizuho Securities USA LLC purchased a new position in RF Acquisition Corp II during the third quarter worth approximately $5,800,000. Polar Asset Management Partners Inc. acquired a new position in shares of RF Acquisition Corp II in the 3rd quarter valued at $2,288,000. Periscope Capital Inc. purchased a new stake in shares of RF Acquisition Corp II during the 3rd quarter valued at $2,034,000. Finally, Wealthspring Capital LLC acquired a new stake in shares of RF Acquisition Corp II during the 3rd quarter worth $1,287,000.

About RF Acquisition Corp II

We are a blank check company incorporated on February 5, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” or “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business” or “target businesses”.