Wolverine Asset Management LLC Purchases 38,065 Shares of RF Acquisition Corp II (NASDAQ:RFAI)

Key Points

• Wolverine Asset Management LLC increased its stake in RF Acquisition Corp II by 6.4% during Q1, now owning 630,855 shares worth approximately $6.5 million.
• Other institutional investors, including Toronto Dominion Bank and Bulldog Investors LLP, also reported significant changes to their holdings in RF Acquisition Corp II in the last quarter.
• RF Acquisition Corp II, which operates as a blank check company, is focused on mergers and acquisitions and has a stock price that recently opened at $10.65.

Wolverine Asset Management LLC lifted its stake in RF Acquisition Corp II (NASDAQ:RFAI - Free Report) by 6.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 630,855 shares of the company's stock after purchasing an additional 38,065 shares during the quarter. Wolverine Asset Management LLC owned 4.20% of RF Acquisition Corp II worth $6,545,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank acquired a new stake in RF Acquisition Corp II in the 4th quarter valued at approximately $3,050,000. Tidal Investments LLC bought a new position in RF Acquisition Corp II in the 4th quarter valued at $131,000. D. E. Shaw & Co. Inc. raised its position in RF Acquisition Corp II by 18.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 541,134 shares of the company's stock valued at $5,530,000 after purchasing an additional 85,000 shares during the last quarter. Bulldog Investors LLP raised its position in RF Acquisition Corp II by 305.9% in the 4th quarter. Bulldog Investors LLP now owns 239,878 shares of the company's stock valued at $2,452,000 after purchasing an additional 180,782 shares during the last quarter. Finally, Cantor Fitzgerald L. P. bought a new stake in shares of RF Acquisition Corp II during the fourth quarter worth $268,000.

RF Acquisition Corp II Trading Down 0.0%

NASDAQ RFAI traded down $0.01 on Tuesday, reaching $10.59. The company had a trading volume of 18,300 shares, compared to its average volume of 2,498. The stock's 50 day moving average is $10.56 and its 200-day moving average is $10.45. RF Acquisition Corp II has a 52 week low of $10.07 and a 52 week high of $10.60.

About RF Acquisition Corp II

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.