Rf Acquisition CORP
Market Movers (8-K)
RF Acquisition Corp. (RFAC) has finalized its merger with GCL Global, leading to the commencement of trading for PubCo's ordinary shares and warrants on the Nasdaq under the symbols GCL and GCLWW, respectively.
RF Acquisition Corp. reports that GCL Global Limited will not meet previously disclosed financial projections due to delays in the business combination, transaction financing, and platform launch.
Delay expected
Worse than expected
8-K: RF Acquisition Corp. Receives Nasdaq Extension, Stockholders Approve Merger with GCL Global Holdings
RF Acquisition Corp. gains Nasdaq's conditional approval for continued listing and secures stockholder approval for its business combination with GCL Global Holdings.
GCL Group, a major Asian digital entertainment company, plans to transition from a distributor and publisher to a game developer, focusing on creating impactful Asian-inspired IPs for the global market after its Nasdaq listing.
Capital raise
RF Acquisition Corp. has received notice from Nasdaq that it has failed to meet the minimum total holder requirement and faces delisting unless it successfully appeals the decision.
Worse than expected
RF Acquisition Corp. has secured $20.025 million in convertible note financing to support its merger with GCL Global Holdings Ltd., with the notes potentially converting into shares upon the deal's completion.
Capital raise
Quarterly Earnings (10-Q)
RF Acquisition Corp. reported a net loss of $485,186 for the third quarter of 2024, as it continues to pursue a business combination and extend its deadline.
Worse than expected
Delay expected
Capital raise
RF Acquisition Corp. reported a net loss of $100,693 for the three months ended June 30, 2024, as it continues to pursue a business combination.
Worse than expected
Delay expected
10-Q: RF Acquisition Corp. Reports Net Income of $41,124 for Q1 2024 Amidst Business Combination Efforts
RF Acquisition Corp. reported a net income of $41,124 for the first quarter of 2024, while continuing its efforts to secure a business combination.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
RF Acquisition Corp.'s 10-K filing reveals substantial doubt about its ability to continue as a going concern despite stockholder approval of a merger and continued efforts to maintain Nasdaq listing.
Delay expected
Worse than expected
RF Acquisition Corp. released its 10-K annual report for 2023, detailing its ongoing efforts to complete a business combination and outlining its financial standing as a special purpose acquisition company.
Delay expected
Capital raise
Worse than expected
Insider Trading (Form 4)
RF Acquisition Corp. (RFAC) successfully merged with GCL Global, leading to the commencement of trading for PubCo's ordinary shares and warrants on the Nasdaq under the symbols GCL and GCLWW, respectively.
GCL Global Limited announces it will not meet previously disclosed projections due to delays in the business combination, transaction financing, and the launch of its Playcube platform.
Worse than expected
Capital raise
Delay expected
RF Acquisition Corp. has received an extension from Nasdaq to maintain its listing, contingent on completing its merger with GCL Global Holdings by March 23, 2025, and stockholders have approved the business combination.
425: GCL Group Eyes Game Development After Nasdaq Listing, Aims to Create Asian IPs for Global Market
GCL Group, a major Asian digital entertainment company, plans to transition from a distributor and publisher to a game developer, focusing on creating impactful Asian-inspired IPs for the global market after its Nasdaq listing.
Delay expected
Capital raise
RF Acquisition Corp. received notice from Nasdaq that it has not regained compliance with the minimum holder requirement and faces potential delisting.
Worse than expected
RF Acquisition Corp. discloses a $20.025 million convertible note financing agreement to support its merger with GCL Global, ensuring the minimum transaction financing requirement is met.
Capital raise
Proxy Statements (Def-14A)
RF Acquisition Corp. is seeking shareholder approval for a business combination with GCL Global Holdings Ltd., a deal that could significantly reshape the ownership structure of both entities.
Delay expected
Capital raise
RF Acquisition Corp. announces the per-share redemption price will be approximately $11.24 in connection with the upcoming special meeting of stockholders.
DEF 14A: RF Acquisition Corp. Seeks Stockholder Approval for Extension to Complete Business Combination
RF Acquisition Corp. is seeking stockholder approval to extend the deadline for completing a business combination from September 28, 2024, to March 28, 2025, to allow more time to finalize the proposed merger with GCL Global Holdings LTD.