RF Acquisition Corp III’s Lock-Up Period Set To End Tomorrow (NASDAQ:RFAM)

RF Acquisition Corp III’s (NASDAQ:RFAMGet Free Report) lock-up period will 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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

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 report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, RF Acquisition Corp III presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on RFAM

RF Acquisition Corp III Stock Performance

Shares of RFAM stock opened at $9.96 on Tuesday. RF Acquisition Corp III has a 12-month low of $9.77 and a 12-month high of $9.98. The business’s fifty day simple moving average is $9.91.

About RF Acquisition Corp III

(Get Free Report)

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.

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