RF Acquisition Corp III’s Lock-Up Period Set To Expire 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 IPO on February 13th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of RF Acquisition Corp III’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded RF Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

RF Acquisition Corp III Price Performance

Shares of NASDAQ:RFAM opened at $9.96 on Friday. RF Acquisition Corp III has a 12-month low of $9.77 and a 12-month high of $9.98. The business’s 50-day simple moving average is $9.91.

RF Acquisition Corp III Company Profile

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.