RF Acquisition II Shares Steady as $1.5 Billion AI-Biotech SPAC Deal Draws Attention Again
Shares of RF Acquisition Corp II traded on Nasdaq at $10.97 Tuesday, barely moving as just 39 shares traded hands for the day. The SPAC’s stock stuck close to its trust-account price, not behaving like a typical operating stock. That's coming up as U.S. equities are back open after the Nasdaq was closed for Memorial Day on May 25. RFAI is still in the tight, time-limited window that most SPACs face. These are listed shells that collect cash to buy or merge with a private firm.