For the quarter ending 2026-03-31, RFAI has $53,131,825 in assets. $5,193,394 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 34,737 | 337,383 | 562,225 | 626,321 |
| Prepaid expenses | 65,167 | 4,417 | 29,117 | 43,400 |
| Due from target | 140,247 | 60,000 | - | - |
| Total current assets | 240,151 | 401,800 | 591,342 | 669,721 |
| Cash held in trust account | 52,891,674 | 52,257,378 | 122,872,409 | 121,585,878 |
| Total assets | 53,131,825 | 52,659,178 | 123,463,751 | 122,255,599 |
| Accrued expenses | 779,119 | 635,174 | 223,214 | 101,931 |
| Advance from related party | 138,550 | 138,550 | 138,550 | 138,550 |
| Due to sponsor | 250,725 | 195,725 | 165,000 | 135,000 |
| Total current liabilities | 1,168,394 | 969,449 | 526,764 | 375,481 |
| Deferred underwriting fee | - | - | 4,025,000 | - |
| Deferred underwriting fee payable | 4,025,000 | 4,025,000 | - | 4,025,000 |
| Total liabilities | 5,193,394 | 4,994,449 | 4,551,764 | 4,400,481 |
| Ordinary shares subject to possible redemption 4,831,265 shares at redemption value of 10.95 and 10.82 per share as of march 31, 2026 and december31, 2025 | 52,891,674 | 52,257,378 | 122,872,409 | 121,585,878 |
| Ordinary shares, 0.0001 par value 200,000,000 shares authorized 3,512,500 issued and outstanding (excluding 4,831,265 shares subject to possible redemption) as of march 31, 2026 and december31, 2025 | 352 | 352 | 352 | 352 |
| Additional paid-in capital | - | - | - | 0 |
| Accumulated deficit | -4,953,595 | -4,593,001 | -3,960,774 | -3,731,112 |
| Total shareholders deficit | -4,953,243 | -4,592,649 | -3,960,422 | -3,730,760 |
| Total liabilities and shareholders deficit | 53,131,825 | 52,659,178 | 123,463,751 | 122,255,599 |
RF Acquisition Corp II (RFAI)
RF Acquisition Corp II (RFAI)