RF Acquisition Corp III’s (NASDAQ:RFAMU) Quiet Period To End on March 25th

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 public offering 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 any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

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

RF Acquisition Corp III Trading Down 0.2%

RF Acquisition Corp III stock opened at $9.93 on Wednesday. RF Acquisition Corp III has a 52 week low of $9.90 and a 52 week high of $9.99.

RF Acquisition Corp III Company Profile

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.