RF Acquisition Corp III 8-K

What Happened
On February 24, 2026, RF Acquisition Corp III (RFAM) filed an 8-K announcing that holders of its publicly traded units may elect to separate those Units so the underlying Ordinary Shares and Rights can trade individually beginning February 26, 2026. Each Unit consists of one Ordinary Share and one Right; each Right entitles the holder to receive one-tenth (0.1) of one Ordinary Share upon the Company’s initial business combination. Units that are not separated will continue trading on the Nasdaq Global Market under the symbol RFAMU; separated Ordinary Shares and Rights are expected to trade under RFAM and RFAMR, respectively. Holders must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent, to effect the separation.

Key Details

• Effective date for separate trading: February 26, 2026.
• Unit composition: 1 Ordinary Share + 1 Right; each Right = 0.1 Ordinary Share upon initial business combination.
• Tickers: Units (RFAMU) remain if not separated; separated Ordinary Shares (RFAM) and Rights (RFAMR).
• Transfer agent: Continental Stock Transfer & Trust Company — brokers must contact them to separate Units.

Why It Matters
This change lets investors trade the Ordinary Shares and Rights separately, which can provide clearer pricing and greater flexibility (for example, selling just the Right or just the Share). It does not change the underlying economic terms: the Rights still represent a fractional share entitlement tied to the Company’s initial business combination (the SPAC acquisition process). Investors who want the separated securities must instruct their brokers to coordinate with the transfer agent; otherwise holdings will remain as combined Units under RFAMU.