RF Acquisition Corp II (RFAI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 296.09% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
3.5M
Potential Supply
10M
Additional shares possible
Splits
None
Past 2 years

Summary

RFAI currently has 3.51M outstanding shares. with significant dilution risk as 10.4M authorized shares could dilute existing holders by 296.1%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 3.5M shares outstanding

3.5M 10M
Nov 14, 2025

8-K filing: Holders of 6,668,735 ordinary shares of RF Acquisition Corp II exercised their right to redeem such shares for a pro rata portion of the funds held in the Trust Account, resulting in approximately $71,580,705 being removed from the Trust Account and leaving approximately $51,857,714 in the Trust Account with 8,343,765 ordinary shares outstanding. ($71.58M proceeds)

8.3M 10M
May 12, 2025

10-Q filing | 15.0M shares outstanding

15M 10M
Mar 25, 2025

10-K filing | 15.0M shares outstanding

15M 10M
Oct 25, 2024

10-Q filing | 15.0M shares outstanding

15M 10M
Aug 14, 2024

10-Q filing | 15.0M shares outstanding

15M 10M
Jun 14, 2024

10-Q filing | 15.0M shares outstanding

15M 10M
May 28, 2024

8-K filing: RF Acquisition Corp II consummated its initial public offering of 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000, and simultaneously consummated a private placement of 400,000 units at $10.00 per unit, generating total proceeds of $4,000,000, and subsequently sold an additional 1,500,000 Units at $10.00 per Unit, generating gross proceeds of $15,000,000, along with an additional 37,500 Private Placement Units from the Company, generating gross proceeds of $375,000. ($119.38M proceeds)

N/A 10M
May 22, 2024

8-K filing: RF Acquisition Corp II consummated its IPO of 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000, and completed the private sale of 400,000 units to the Sponsor and EarlyBirdCapital, Inc. at $10.00 per unit, generating gross proceeds of $4,000,000. ($104.0M proceeds)

N/A 10M
May 08, 2024

S-1/A filing: RF Acquisition Corp II is conducting an initial public offering of units, each priced at $10.00, consisting of one ordinary share and one right to receive one-twentieth of an ordinary share upon completion of a business combination, with a total offering amount of $100,000,000. Additionally, there is a private placement of units to the sponsor and underwriter.

N/A 10M
Apr 15, 2024

S-1/A filing: This is an S-1/A filing for an initial public offering of units of RF Acquisition Corp II, with each unit consisting of one ordinary share and one right to receive one-twentieth of one ordinary share upon completion of an initial business combination, as well as a private placement of units to the sponsor and underwriter.

N/A 10M
Mar 11, 2024

S-1 filing: RF Acquisition Corp II is offering 10,000,000 units in an initial public offering, each unit consisting of one ordinary share and one right to receive one-twentieth of one ordinary share upon completion of an initial business combination, at a price of $10.00 per unit. Concurrently, the sponsor and underwriter will purchase 400,000 private units at $10.00 per unit.

N/A 10M
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime