RF Acquisition Corp II Reports Q3 2025 Financial Results with Net Income of $1,056,869

RF Acquisition Corp II reported its financial results for the third quarter of 2025, revealing a net income of $1,056,869 for the three months ending September 30, 2025, compared to a net income of $1,422,951 for the same period in 2024. The company generated interest income of $1,286,531 from cash held in its Trust Account, which was partially offset by operational costs of $229,662. For the nine months ended September 30, 2025, the net income totaled $3,153,849, a significant increase from $1,909,559 during the same period in the previous year. The increase in net income is attributed to higher interest income from the Trust Account, which amounted to $3,778,478 for the nine-month period.

The company’s total assets as of September 30, 2025, were reported at $123,463,751, a slight increase from $120,078,338 at the end of 2024. Cash held in the Trust Account rose to $122,872,409, up from $119,093,931 at the end of the previous fiscal year. However, the company’s accumulated deficit increased to $(3,960,774) from $(3,336,145) as of December 31, 2024, reflecting ongoing operational costs without any revenue generation from business activities, as the company has not yet completed a business combination.

RF Acquisition Corp II is in the process of pursuing a business combination and has entered into a Business Combination Agreement with NYB Holdings Limited and Nanyang Biologics Pte. Ltd. on October 2, 2025. This agreement outlines a merger where RF Acquisition Corp II will merge with NYB Holdings, with Nanyang becoming a wholly-owned subsidiary of the surviving entity. The company is focusing on identifying target businesses in the deep technology sector, particularly in Asia, but will not engage with entities operating under a variable interest entity structure in China.

Operationally, the company has maintained a consistent number of ordinary shares outstanding, with 15,012,500 shares issued as of November 5, 2025. The company has also incurred significant costs related to its public company status and the pursuit of a business combination, which may require additional financing. As of September 30, 2025, the company had cash of $562,225 outside the Trust Account, which it plans to use for operational expenses and due diligence on potential target businesses. The company has until November 15, 2025, to complete its business combination, with the possibility of extending this period if approved by shareholders. However, there are concerns regarding the company’s ability to continue as a going concern if it fails to complete a business combination within the specified timeframe.