RF Acquisition Corp III’s Lock-Up Period Set To End on August 12th (NASDAQ:RFAM)

RF Acquisition Corp III’s (NASDAQ:RFAM) lock-up period is set to end on Wednesday, August 12th. RF Acquisition Corp III had issued 10,000,000 shares in its public offering on February 13th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of RF Acquisition Corp III’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of RF Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

RF Acquisition Corp III Trading Up 0.2%

Shares of RF Acquisition Corp III stock opened at $9.91 on Friday. RF Acquisition Corp III has a one year low of $9.77 and a one year high of $9.98. The stock’s 50 day moving average is $9.91.

About RF Acquisition Corp III

RF Acquisition Corp III is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.