AQR Capital Management entities report a passive stake in RF Acquisition Corp II. AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC collectively report beneficial ownership of 170,331 ordinary shares, representing 2.04% of RF Acquisition Corp II’s outstanding ordinary shares.
The firms report shared power to vote and dispose of all 170,331 shares, with no sole voting or dispositive power. They certify the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
W. R. Berkley Corporation filed an Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 297,878 ordinary shares of RF Acquisition Corp II, equal to 3.6% of the class as of 12/31/2025.
The filing shows shared voting and dispositive power over all reported shares, with no sole voting or dispositive power. The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
RF Acquisition Corp II, a Cayman Islands-based blank check company, filed its annual report for the year ended December 31, 2025. The SPAC has not begun operating activities and will only generate interest income on cash held in its trust until it completes a business combination.
The company raised $115 million in its May 2024 IPO and related over-allotment, and placed $115,575,000 into a trust account. On November 10, 2025, shareholders approved an extension of the deadline to complete a deal to August 15, 2026, with up to nine monthly one-month extensions funded at $0.03 per non‑redeemed public share. In connection with that vote, 6,668,735 ordinary shares were redeemed for approximately $71,580,705, leaving about $51,857,714 in the trust and 8,343,765 ordinary shares outstanding as of February 11, 2026, including 4,831,265 public shares.
The sponsor, Alfa 24 Limited, holds 2,875,000 founder shares and previously purchased private placement units alongside the underwriter. The report highlights that as of December 31, 2025, the company had a working capital deficit of $567,649 and its auditor raised substantial doubt about its ability to continue as a going concern if it cannot close a business combination within the 27‑month window. If no transaction is completed, public shareholders are expected to be redeemed at approximately $10.05 per share, while the rights and private placement securities would expire worthless.
RF Acquisition Corp II Schedule 13G discloses that W. R. Berkley Corporation and Berkley Insurance Company report beneficial ownership of 754,815 ordinary shares of the issuer, identified by CUSIP G75389109. That holding represents 5.0% of the outstanding class based on the issuer's publicly available statement that there are 15,012,500 ordinary shares outstanding. The reporting persons state they have no sole voting or dispositive power and instead hold shared voting and shared dispositive power of 754,815 shares.
The filing identifies the reporting entities as organized in Delaware, lists the reporting persons' address as 475 Steamboat Road, Greenwich, CT 06830, and gives the issuer's principal office in Singapore. The statement certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.