Every 10-Q that RF Acquisition Corp III (RFAM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RFAM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RFAM filings page.
RF Acquisition Corp III, a Cayman Islands SPAC, reports early-stage results for the quarter ended June 30, 2026 after completing its IPO in February 2026. The company sold 10,000,000 units at $10.00 each, and together with a 350,000-unit private placement, placed $100,000,000 into a U.S.-based trust account.
As of June 30, 2026, cash held in the trust account was $101,273,496, reflecting interest income, while cash outside the trust was $891,600 and shareholders’ equity was $595,740. The SPAC recorded net income of $566,737 for the quarter and $1,239,770 for the nine months, driven mainly by $870,264 and $1,273,496, respectively, of interest on trust assets and a $422,000 gain from derecognition of an over-allotment option liability, partially offset by general and administrative costs.
The trust backs 10,000,000 public shares classified as redeemable at $10.13 per share. The company has 21 months from the IPO closing to complete a business combination. On July 9, 2026, it signed a Business Combination Agreement with HCC Healthcare Pte. Ltd., valuing HCC Healthcare at a fully diluted equity value of $500,000,000; RF Acquisition Corp III will merge into a HCC Healthcare subsidiary, and each SPAC share will convert into HCC Healthcare shares, with each right converting into one-tenth of a share, subject to customary closing conditions.
RF Acquisition Corp III, a Cayman Islands-based blank check company, reported net income of $725,986 for the three months and $673,033 for the six months ended March 31, 2026. Results were driven by a $422,000 gain from the change in fair value of the over-allotment liability and $403,232 of interest on IPO proceeds held in trust, partially offset by $152,199 in general and administrative costs.
The company completed its IPO on February 17, 2026, selling 10,000,000 units at $10.00 each and a concurrent private placement of 350,000 units at $10.00, placing $100,000,000 into a U.S.-based trust. As of March 31, 2026, cash in the trust totaled $100,403,232 and cash outside the trust was $933,390, providing working capital while it searches for a target in deep technology sectors in Asia.
The SPAC has 10,000,000 ordinary shares classified as redeemable at $10.04 per share and 3,933,333 non-redeemable ordinary shares outstanding. It has up to 21 months from the IPO closing to complete a business combination, and on March 17, 2026, entered a non-binding letter of intent with a prospective target, with no assurance a definitive deal will follow.
RF Acquisition Corp III, a newly formed SPAC targeting deep technology businesses in Asia, reported a small net loss of $52,953 for the quarter ended December 31, 2025, reflecting only general and administrative costs.
As of December 31, 2025, the company had total assets of $758,705, all related to deferred offering costs, and a working capital deficit of $299,606 funded by a related-party promissory note and accrued offering costs.
Subsequent to quarter end, on February 17, 2026, the company completed its initial public offering of 10,000,000 units at $10.00 per unit, raising gross proceeds of $100,000,000, and sold 350,000 private placement units for $3,500,000. A total of $100,000,000 was deposited into a U.S. trust account to fund a future business combination, which must be completed within 21 months of the IPO closing.