Berkley W R Corp Acquires Shares in RF Acquisition Corp II

Berkley W R Corp has made a significant investment in RF Acquisition Corp II (NASDAQ:RFAI - Free Report), as revealed in its latest Form 13F filing with the Securities and Exchange Commission. During the third quarter, the company acquired 74,370 shares of RF Acquisition Corp II, which are valued at approximately $756,000. Following this purchase, Berkley W R Corp owned about 0.50% of RF Acquisition Corp II by the end of the reporting period.

Other institutional investors and hedge funds have also adjusted their holdings of RF Acquisition Corp II during the same quarter. Notably, Wolverine Asset Management LLC obtained a new position in RF Acquisition Corp II valued at $44,000. Similarly, Crossingbridge Advisors LLC and Wealthspring Capital LLC purchased new stakes worth $509,000 and $1,287,000, respectively. Another notable investment came from Periscope Capital Inc., which acquired shares valued at roughly $2,034,000. Finally, Mizuho Securities USA LLC made a substantial investment, purchasing a stake valued at around $5,800,000 during the third quarter.

Performance of RF Acquisition Corp II

As of Friday, the stock for NASDAQ:RFAI opened at $10.20. The company’s 50-day simple moving average stands at $10.16. Over the past year, RF Acquisition Corp II recorded a low of $10.00 and a high of $10.27.

Overview of RF Acquisition Corp II

RF Acquisition Corp II is classified as a blank check company that was established on February 5, 2024. The company's purpose is to undertake a merger, asset acquisition, share purchase, or reorganization through what is termed a “business combination” with one or more target businesses.

Investing Insights

Before making any investment decisions regarding RF Acquisition Corp II, it is crucial for investors to conduct thorough research. Current ratings indicate a 'Hold' status among analysts for RF Acquisition Corp II, highlighting the importance of considering other top-rated stocks that might offer more favorable investment opportunities.

Berkley, Acquisition, Investment