RF Acquisition Corp III’s Quiet Period To Expire Tomorrow (NASDAQ:RFAMU)

RF Acquisition Corp III’s (NASDAQ:RFAMU) quiet period will expire on Wednesday, March 25th. RF Acquisition Corp III had issued 10,000,000 shares in its IPO on February 13th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of RF Acquisition Corp III to a “hold” rating in a report on Saturday, February 28th.

RF Acquisition Corp III Stock Performance

NASDAQ RFAMU opened at $9.92 on Tuesday. RF Acquisition Corp III has a 12 month low of $9.90 and a 12 month high of $9.99.

About RF Acquisition Corp III

RF Acquisition Corp III is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to pursue one or more business combinations. The company’s units are listed on the Nasdaq under the ticker RFAMU. As a blank-check vehicle, RF Acquisition Corp III does not operate a traditional commercial business but instead exists to identify, evaluate and consummate a merger, acquisition, or similar business combination with a target company.

The principal activity of the company is sourcing and completing an acquisition or combination that will result in a publicly traded operating company.