RF Acquisition Corp III Trades Around $10 as SPAC Deals Spotlight RFAM
RF Acquisition Corp III shares hovered just below $10 on Thursday, showing little movement as the Nasdaq-traded SPAC saw muted action. The stock, RFAM, last changed hands at $9.88, off 2 cents from Wednesday’s close. Activity in new battery and nuclear-related SPAC deals has kept the sector on investors’ radar this week, but RF Acquisition shares stayed flat. The move is important now since RFAM is a pre-deal SPAC, or special purpose acquisition company. It’s still just a shell that collects cash in an IPO and then hunts for a private firm to combine with. For these shares, traders tend to care more about the trust account and the next deal than about quarterly results.