Under the Radar: How does a SPAC merger work? - RF Acquisition sheds the light on its business combination deal with Singapore-based video game distributor GCL

Your Way Home with Hongbin Jeong · Dec 15, 2023 · 11m

How does a SPAC merger work exactly and how does a special purpose acquisition company’s management choose a target firm to acquire, and eventually exit? These are the questions we seek to address in today’s session with our guest from RF Acquisition. Listed on the US NASDAQ in March 2022, RF Acquisition is a SPAC or a blank cheque company which uses proceeds from its initial public offering to merge with a private firm. It had in October signed a deal with Singapore-based video game distributor Grand Centrex Limited that values it at US$1.2 billion. For context, GCL is a firm with over 15…