RF Acquisition (RFAC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	18.45 k	18.45 k	18.45 k	18.45 k	18.45 k	18.45 k
Cash burn (monthly)	33.30 k	(no burn)	250.17 k	188.95 k	166.10 k	124.64 k
Cash used (since last report)	133.93 k	n/a	1.01 mm	759.94 k	668.05 k	501.29 k
Cash remaining	-115.47 k	n/a	-987.70 k	-741.49 k	-649.60 k	-482.84 k
Runway (months of cash)	-3.5	n/a	-3.9	-3.9	-3.9	-3.9

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Financial data from company earnings reports.

Institutional ownership, Q3 2024

RFAC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	22	32	-31.3%
Opened positions	3	6	-50.0%
Closed positions	13	1	+1200.0%
Increased positions	6	21	-71.4%
Reduced positions	1	0	NEW

13F shares	Current	Prev Q	Change
Total value	20.23 bn	15.80 bn	+28.0%
Total shares	12.30 mm	18.00 mm	-31.7%
Total puts	0.00	0.00
Total calls	225.00 k	655.00 k	-65.6%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Mangrove Partners	2.90 mm	$10.91 bn	0.0%
Wolverine Asset Management	1.06 mm	$2.76 bn	+19.1%
Yakira Capital Management	865.00 k	$3.04 bn	+44.2%
Shaolin Capital Management	830.14 k	$55.54 mm	0.0%
Periscope Capital	825.00 k	$53.88 mm	0.0%
Atw Spac Management	800.00 k	$58.04 mm	+100.0%
Linden Advisors	750.00 k	$50.29 mm	0.0%
Feis Lawrence Michael	576.92 k	$5.85 mm	0.0%
Saba Capital Management	550.00 k	$38.56 mm	0.0%
Cowen And	508.46 k	$18.71 mm	+0.0%

Largest transactions	Shares	Bought/sold	Change
Clear Street Derivatives	0.00	-1.86 mm	EXIT
Polar Asset Management Partners	0.00	-1.53 mm	EXIT
Boothbay Fund Management	0.00	-800.00 k	EXIT
CNH Partners	0.00	-754.39 k	EXIT
Rivernorth Capital Management	0.00	-642.19 k	EXIT
Kim	0.00	-600.00 k	EXIT
Context Capital Management	0.00	-575.00 k	EXIT
Atw Spac Management	800.00 k	+400.00 k	+100.0%
Yakira Capital Management	865.00 k	+265.00 k	+44.2%
Meteora Capital	341.73 k	+261.79 k	+327.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Press releases

From Benzinga Pro

RF Acquisition Corp. Shareholders Approve Business Combination with GCL Global Holdings Ltd.

23 Jan 25

SINGAPORE, Jan. 23, 2025 (GLOBE NEWSWIRE) -- RF Acquisition Corp. (NASDAQ:RFAC) ("RFAC"), a publicly traded special purpose acquisition company, announced that at its Special Meeting earlier today, January 23, 2025,