Shares of RF Acquisition Corp II (NASDAQ:RFAI) are surging Friday morning following Thursday SEC filings detailing the results of an extraordinary general meeting.
RF Acquisition Corp shares are testing new highs. Why are RFAI shares at highs?
Merger Approval Clears Path for Nasdaq Listing
At the August 19 meeting, shareholders overwhelmingly approved the proposed business combination with Singapore-based, AI-driven drug discovery firm Nanyang Biologics Pte. Ltd.
Out of 7,206,188 shares represented, 6,765,584 votes were cast in favor of the merger, which will see the combined entity operate under NYB Holdings Limited.
