NASDAQ:RFAM

Finance·Investment·NASDAQ:RFAM·News·SPACs

RF Acquisition Corp III Trades Around $10 as SPAC Deals Spotlight RFAM

RF Acquisition Corp III (RFAM) last traded at $9.88, down 2 cents, with 2,967 shares changing hands. The pre-deal SPAC’s trust account held $100.4 million as of March 31. Nineteen SPAC IPOs raised about $2.52 billion in May, according to Boardroom Alpha, but no new SPAC IPOs priced Thursday. RFAM is seeking acquisition targets in Asia, excluding Greater China.

May 28, 2026

Diageo Shares Up 12% in a Month Amid Market Challenges
May 28, 2026, 11:31 AM EDT. Diageo Plc shares climbed nearly 12% in a month, reaching prices last seen 14 years ago. The FTSE 100 drinks giant has faced significant headwinds, including a 20% sales plunge in Latin America and the Caribbean and tariffs impacting exports to the US. Despite a 53% drop over five years, recent sales narrowly beat expectations due to seasonal and event-driven boosts. The US market, accounting for 40% of net sales, remains a concern. Tariff removals on Scotch whisky and signs of stabilization in Africa and Latin America have improved investor sentiment, but full-year guidance remains cautious under new CEO Sir Dave Lewis.