Rivernorth Capital Management LLC acquired a new stake in RF Acquisition Corp II (NASDAQ:RFAI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $1,017,000. Rivernorth Capital Management LLC owned about 0.67% of RF Acquisition Corp II at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new stake in shares of RF Acquisition Corp II in the 3rd quarter valued at $44,000. Crossingbridge Advisors LLC acquired a new position in RF Acquisition Corp II in the third quarter valued at about $509,000. Berkley W R Corp bought a new stake in shares of RF Acquisition Corp II in the third quarter worth about $756,000. Wealthspring Capital LLC acquired a new stake in shares of RF Acquisition Corp II during the third quarter worth about $1,287,000. Finally, Periscope Capital Inc. bought a new position in RF Acquisition Corp II in the third quarter valued at approximately $2,034,000.
RF Acquisition Corp II Stock Performance
NASDAQ RFAI remained flat at $10.20 on Friday. 167,378 shares of the company were exchanged, compared to its average volume of 77,586. The stock's fifty day moving average price is $10.18. RF Acquisition Corp II has a 12-month low of $10.00 and a 12-month high of $10.27.
RF Acquisition Corp II Profile
(
Free Report)
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”.
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