RF Acquisition Corp II
RFAINasdaqFinancials · Blank Checks · E9 · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | |
|---|---|---|
| Revenue | — | — |
| Operating income | −$1.3M | −$361,800 |
| Net income | $3.4M | $3.2M |
| Total assets | $52.7M | $120.1M |
| Total liabilities | $5.0M | $4.3M |
| Equity | −$4.6M | −$3.3M |
| EPS (diluted) | — | — |
| Shares out. | 15.0M | 3.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −73.3%
- Return on assets
- 6.4%
- Return on capital (ROCE)
- −2.4%
- Liabilities / assets
- 9.5%
- Debt / equity
- —
- Book value / share
- $-0.31
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 6.7%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -1.48distress
- Accruals / assets
- 7.5%moderate
- Piotroski F-Score
- 2/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 1 warning● 1 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Mizuho Financial Group IncPassive (13G)May 14, 2026
- Berkley W R CorpPassive (13G)May 8, 2026
- Karpus Management, Inc.Passive (13G)Apr 7, 2026
- Aqr Capital Management LlcPassive (13G)Feb 12, 2026
- Wealthspring Capital LlcPassive (13G)Jan 14, 2026
- Wolverine Asset Management LlcPassive (13G)Nov 21, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Ng Tse MengOfficer — CEO and Chairman | May 23, 2024 | Option exercise | 33,281 | $10.00 |
| Alfa 24 Ltd10% owner | May 23, 2024 | Option exercise | 33,281 | $10.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 70 | 1.0 | -4.1% |
| Apr 30, 2026 | 73 | 1.0 | -61.2% |
| Apr 15, 2026 | 188 | 1.0 | +116.1% |
| Mar 31, 2026 | 87 | 1.0 | -58.4% |
| Mar 13, 2026 | 209 | 1.0 | +43.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Amended charter or bylaws · Shareholder vote · Other material eventNov 14, 2025
- Entered a material agreementOct 2, 2025
- Other material eventMay 21, 2025
- Director / officer changeMay 8, 2025
- Other material eventJul 2, 2024
- Unregistered equity sale · Other material eventMay 28, 2024
- Entered a material agreement · Unregistered equity sale · Amended charter or bylaws · Other material eventMay 22, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13GMay 14, 2026
- SCHEDULE 13GMay 8, 2026
- 10-QMay 7, 2026
- F-4/AMay 5, 2026
- F-4/AApr 17, 2026
- SCHEDULE 13G/AApr 7, 2026
- F-4Mar 19, 2026
- SCHEDULE 13G/AMar 6, 2026
- SCHEDULE 13G/AFeb 12, 2026
- SCHEDULE 13G/AFeb 11, 2026
- 10-KFeb 11, 2026
- SCHEDULE 13G/AJan 14, 2026
- DRS/ADec 31, 2025
- DRSDec 15, 2025
- SCHEDULE 13G/ANov 21, 2025