RF Acquisition Corp III filed an initial insider ownership report for Tham Chee Soon, who serves as Chief Financial Officer and director. This Form 3 establishes his status as an insider of the company but does not report any share purchases, sales, or other transactions.
RF Acquisition Corp III, a blank check company focused on deep technology businesses in Asia, completed its initial public offering of 10,000,000 units at $10.00 each, raising $100,000,000 in gross proceeds. Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share.
The company also sold 350,000 private placement units for $3,500,000. A total of $100,000,000 from the IPO and private placement was deposited into a trust account to fund a future business combination. Independent directors and board committees were appointed, and key governance, trust, registration rights, and escrow agreements were executed to support the SPAC structure and its eventual merger process.