04:23 AM EDT, 05/17/2024 (MT Newswires) -- RF Acquisition Corp II (RFAI) said it priced its initial public offering of 10 million units at $10 per unit.

The company also granted the underwriters a 45-day option to buy up to an additional 1.5 million units at the IPO price to cover possible over-allotments.

The units will be listed on the Nasdaq Global Market and trade under the ticker symbol "RFAIU" from Friday. The offering is expected to close on May 21.

Each unit consists of one ordinary share and one right to receive one-twentieth of an ordinary share. Once the securities start trading separately, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols "RFAI" and "RFAIR," respectively.