SCHEDULE: Wolverine Entities Report 1.8% Stake in RF Acquisition Corp II

Wolverine Asset Management and related entities have filed an amendment to their Schedule 13G, disclosing a 1.8% beneficial ownership in RF Acquisition Corp II.

Summary

• Wolverine Asset Management LLC, Wolverine Trading Partners, Inc., Wolverine Holdings, L.P., Christopher L. Gust, and Robert R. Bellick collectively report beneficial ownership of 151,461 Ordinary Shares of RF Acquisition Corp II.
• This represents 1.8% of the Issuer's outstanding Ordinary Shares.
• The percentage is calculated based on 8,343,765 Ordinary Shares outstanding as of November 14, 2025, as reported in the Issuer's Form 8-K.
• Wolverine Asset Management LLC, an investment manager, holds shared voting and dispositive power over these shares.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a routine update to a previously disclosed stake.

Sentiment

Score: 5

Explanation: This is a neutral, routine regulatory filing disclosing beneficial ownership, with no explicit positive or negative implications for the issuer's performance or outlook.

Future Outlook

NA

Industry Context

Schedule 13G filings are routine disclosures by institutional investors or groups that acquire beneficial ownership of less than 20% of a company's stock, primarily for investment purposes rather than to influence control. This filing indicates Wolverine's continued passive investment in RF Acquisition Corp II.

Stakeholder Impact

• Minimal impact on shareholders as it's a routine disclosure of a passive investment stake below the 5% threshold, indicating no intent to influence control.

Key Dates

Keywords

RF Acquisition Corp II, Wolverine Asset Management, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Management, Wolverine Holdings, Wolverine Trading Partners