Home / Going-concern warnings / RF Acquisition Corp II
Filed 2025-07-28 路 Form 10-Q 路 Accession 0001829126-25-005436 micro
Price before filing: $10.57 (2025-07-25 close, split/dividend-adjusted)
Market cap at flag: $121.6M (2025-07-28) 路 Latest: $147.8M (2026-10-16)
| Window | RFAI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.5% | +1.5% | -1.0% | 2025-08-27 |
| 90 days | +1.2% | +7.9% | -6.6% | 2025-10-27 |
| 180 days | +2.2% | +9.4% | -7.2% | 2026-01-26 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-29 to 2025-08-27. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"In connection with the Company's assessment of going concern considerations in accordance with Financial Accounting Standard Board's Accounting Standards Update ("ASU") 2014-15, "Disclosures of Uncertainties about an Entity's Ability to Continue as a Going Concern," management has determined that these conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after..."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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