RF Acquisition Corp II
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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, 2026 · Filed Aug 7, 2026
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 2026-03-31; filed 2026-05-07.
0001829126-26-004763
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-07.
0001829126-26-008485
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 41 previous paragraphs and 45 current paragraphs.
34 unchanged; 5 reworded; 6 added; 2 removed; 0 previous and 0 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 (6)
Current report
In order for the Company to remain able to hold an extraordinary general meeting on August 19, 2026 and consummate the Business Combination, the Company is separately soliciting proxies for an extraordinary general meeting of its shareholders (the “Extension Meeting”) to seek shareholder approval of a further extension of the deadline by which the Company must consummate a Business Combination. The Company filed a preliminary proxy statement relating to the Extension Meeting with the SEC on July 21, 2026 and expects to hold the Extension Meeting on August 12, 2026.
Current report
For the three months ended June 30, 2026, we had net income of $104,427, which consist of interest earned on cash held in Trust Account of $459,287, partially offset by general, administrative and operational costs of $354,860.
Current report
For the six months ended June 30, 2026, we had net income of $198,129, which consist of interest earned on cash held in Trust Account of $913,583, partially offset by general, administrative and operational costs of $715,454.
Current report
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 general, administrative and operational costs of $181,729.
Current report
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 general, administrative and operational costs of $394,967.
Current report
As of June 30, 2026, we had cash held outside the Trust Account of $10,191. In July 2026, the Sponsor made an advance of $60,000 into the Company’s account, for working capital purposes. The advance is non-interest bearing and is due on demand. Up to the date the unaudited financial statements were issued, the total advances from the Sponsor was $85,000 and was recorded in due to Sponsor.
Removed paragraphs (2)
Previous report
For the three months ended March 31, 2026, we had net income of $93,702, which consist of interest earned on cash held in Trust Account of $454,296, partially offset by general, administrative and operational costs of $360,594.
Previous report
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 general, administrative and operational costs of $213,238.
Reworded paragraphs (5)
Previous wording
From November 2025 to March 2026, Nanyang deposited $180,000 into Trust Account, the Company transferred $120,000 into Trust Account on behalf of Nanyang, due to a delay payment from Nanyang, extending the Termination Date to April 15, 2026. Pursuant to the Business Combination Agreement, Nanyang shall pay the required Extension fee into Trust Account and all such amounts shall be deemed Nanyang’s transaction cost. The deposits of $120,000 made by the Company on behalf of Nanyang was recorded as due from Target as of March 31, 2026.
Current wording
From November 2025 to March 2026, Nanyang deposited $180,000 into Trust Account, the Company transferred $120,000 into Trust Account on behalf of Nanyang, due to a delay payment from Nanyang, extending the Termination Date to April 15, 2026. Pursuant to the Business Combination Agreement, Nanyang shall pay the required Extension fee into Trust Account and all such amounts shall be deemed Nanyang’s transaction cost. In addition, the Company also paid for $30,247 transaction costs on behalf of Nanyang. During the three and six months ended June 30, 2026, the Company received repayments of $115,000 and 125,000, respectively, from Nanyang. As of June 30, 2026 and December 31, 2025, the amount due from Target was $25,247 and $60,000, respectively.
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, 2026, cash used in operating activities was $292,577. Net income of $198,129 was affected by interest earned on cash held in Trust Account of $913,583. Changes in operating assets and liabilities provided $422,877 of cash for operating activities.
Previous wording
For the three months ended March 31, 2026, cash used in operating activities was $267,646. Net income of $93,702 was affected by interest earned on cash held in the Trust Account of $454,296. Changes in operating assets and liabilities provided $92,948 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
As of March 31, 2026, we had cash held in the Trust Account of $52,891,674. We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all 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, 2026, we had cash held in the Trust Account of $53,530,961. We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all 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, 2026, we had cash held outside the Trust Account of $34,737. 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
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.