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RF Acquisition Corp. Class A ( (RFAC) ) has issued an update.
RF Acquisition Corp., a special purpose acquisition company (SPAC), has been granted continued listing on Nasdaq after presenting its compliance plan to complete a business combination with GCL Global Holdings Ltd. Despite previously failing to meet Nasdaq’s minimum requirement of 400 shareholders, the company outlined its strategy to rectify this by March 23, 2025, during a hearing held on December 19, 2024. At a special meeting on January 23, 2025, RF Acquisition Corp.’s stockholders approved the proposed business combination with GCL Global Holdings Ltd., along with other governance and incentive plan proposals. This approval follows a series of amendments to the merger agreement and is seen as a crucial step for the company to maintain its Nasdaq listing, impacting its market position and stakeholders.
More about RF Acquisition Corp. Class A
YTD Price Performance: -20.70%
Average Trading Volume: 13,104
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $41.84M
Find detailed analytics on RFAC stock on TipRanks’ Stock Analysis page.
