RF Acquisition Corp II
For the period ended Jun 30, 2025. Filed Jul 28, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 28, 2025
RFAI$34.49+15.4%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-03-31; filed 2025-05-12.
0001829126-25-003578
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-06-30; filed 2025-07-28.
0001829126-25-005436
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 31 previous paragraphs and 33 current paragraphs.
25 unchanged; 5 reworded; 2 added; 1 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
For the three months ended June 30, 2024, we had a net income of $547,028, which consisted of interest earned on cash held in the Trust Account of $656,689, offset by operating costs of $109,661.
Current report
For the period from February 5, 2024 (inception) through June 30, 2024, we had a net income of $486,608, which consisted of interest earned on cash held in the Trust Account of $656,689, offset by operating costs of $170,081.
Removed paragraphs (1)
Previous report
For the period from February 5, 2024 (inception) through March 31, 2024, we had net loss of $60,420 incurred for formation and operating costs.
Reworded paragraphs (5)
Previous wording
For the three months ended March 31, 2025, we had net income of $1,020,970, which consist of interest earned on cash held in Trust Account of $1,234,208, partially offset by operational costs of $213,238.
Current wording
For the three months ended June 30, 2025, we had net income of $1,076,010, which consist of interest earned on cash held in Trust Account of $1,257,739, partially offset by operational costs of $181,729.
Previous wording
For the three months ended March 31, 2025, cash used in operating activities was $146,448. Net income of $1,020,970 was affected by interest earned on cash held in the Trust Account of $1,234,208. Changes in operating assets and liabilities provided $66,790 of cash for operating activities.
Current wording
For the six months ended June 30, 2025, cash used in operating activities was $332,465. Net income of $2,096,980 was affected by interest earned on cash held in the Trust Account of $2,491,947. Changes in operating assets and liabilities provided $62,502 of cash for operating activities.
Previous wording
For the period from February 5, 2024 (inception) to March 31, 2024, cash used in operating activities was nil. Net loss of $60,420 was affected by payment of operating costs in exchange for issuance of Founder Shares of $25,000 and payment of operating costs through advance from related party of $31,620. Changes in operating assets and liabilities provided $3,800 of cash for operating activities.
Current wording
For the period from February 5, 2024 (inception) through June 30, 2024, cash used in operating activities was $83,464. Net income of $486,608 was affected by interest earned on cash held in the Trust Account of $656,689, payment of expenses through issuance of ordinary shares of $25,000, and payment of expenses through advance from related party of $31,620. Changes in operating assets and liabilities provided $29,997 of cash for operating activities.
Previous wording
As of March 31, 2025, we had cash held in the Trust Account of $120,328,139. We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Current wording
As of June 30, 2025, we had cash held in the Trust Account of $121,585,878. We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Previous wording
As of March 31, 2025, we had cash of $812,338. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination, and to pay for directors and officers liability insurance premiums.
Current wording
As of June 30, 2025, we had cash of $626,321. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination, and to pay for directors and officers liability insurance premiums.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
For the six months ended June 30, 2025, we had net income of $2,096,980, which consist of interest earned on cash held in Trust Account of $2,491,947, partially offset by operational costs of $394,967 .