RFAI · RF Acquisition Corp II · Shareholders & Ownership
Substantial doubt about the company'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 the date that the unaudited financial statements are issued.”View the 10-Q filed Aug 7, 2026
Every disclosed holder of RFAI in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.
Who Owns RFAI
13F quarter Jun 30, 2026No chart: the summed disclosures exceed shares outstanding, so they are not parts of one whole.
| Holder group | Shares | % Out |
|---|---|---|
| Institutional (13F) | 12,809,645 | 364.69% |
| Insiders (Forms 3, 4, 5) | 0 | 0.00% |
| 13D/G-only blocks | 902,710 | 25.70% |
| Remaining | 10,199,855 | -290.39% |
| Registered funds (N-PORT, not summed) | 511,438 | 14.56% |
Shares outstanding: 3,512,500, the issuer's latest cover-page count restated onto today's split basis.
Remaining is negative: the summed disclosures exceed shares outstanding, as when filings are dated at different times or holders that do not disclose their links count the same shares. It is flagged, not clipped.
13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.
Holders of RFAI
| # | Holder | Shares | As of | Notes |
|---|---|---|---|---|
| 1 |
HIGHBRIDGE CAPITAL MANAGEMENT LLC
13F
CIK 919185 · Registered investment adviser · Jun 30, 2026
|
2,120,351 | ||
| 2 |
Harraden Circle Investments, LLC
13F
CIK 1910592 · Registered investment adviser · Jun 30, 2026
|
1,300,422 | ||
| 3 |
Karpus Management, Inc.
13G
CIK 1048703 · Investment adviser · Aug 31, 2026
Rule 13d-1(b), qualified institution, not summed
|
989,433 | ||
| 3.1 |
Karpus Management, Inc.
13F
CIK 1048703 · Investment adviser · Jun 30, 2026
|
1,619,533 | ||
| 4 |
AQR Arbitrage LLC
13F
CIK 1167456 · Registered investment adviser · Jun 30, 2026
Classes RFAI, RFAIR
|
858,641 | ||
| 5 |
BERKLEY W R CORP
13F
CIK 11544 · Insurance company · Jun 30, 2026
|
814,851 | ||
| 6 |
Wealthspring Capital LLC
13F
CIK 1844495 · Registered investment adviser · Jun 30, 2026
|
736,038 | ||
| 7 |
MIZUHO SECURITIES USA LLC
13F
CIK 812291 · Unknown · Jun 30, 2026
|
734,379 | ||
| 8 |
Mizuho Financial Group, Inc.
13G
CIK 1335730 · Bank · Mar 31, 2026
Rule 13d-1(b), qualified institution
|
732,379 | ||
| 9 |
StoneX Group Inc.
13F
CIK 913760 · Unknown · Jun 30, 2026
|
685,070 | ||
| 10 |
First Trust Capital Management L.P.
13F
CIK 1604488 · Registered investment adviser · Jun 30, 2026
|
514,506 | ||
| 11 |
First Trust Merger Arbitrage Fund
Fund
S000048195 · Registered fund · Jun 30, 2026
INVESTMENT MANAGERS SERIES TRUST II, not summed
|
469,553 | ||
| 12 |
Yakira Capital Management, Inc.
13F
CIK 1584639 · Registered investment adviser · Jun 30, 2026
|
429,704 | ||
| 13 |
|
355,442 | ||
| 14 |
|
287,748 | ||
| 15 |
Polar Asset Management Partners Inc.
13F
CIK 1326389 · Registered investment adviser · Jun 30, 2026
Classes RFAI, RFAIR
|
275,000 | ||
| 16 |
Shaolin Capital Management LLC
13F
CIK 1766806 · Registered investment adviser · Jun 30, 2026
|
258,887 | ||
| 17 |
D. E. Shaw & Co., Inc.
13F
CIK 1009207 · Unknown · Jun 30, 2026
|
200,000 | ||
| 18 |
HGC Investment Management Inc.
13F
CIK 1711200 · Non-US institution · Jun 30, 2026
|
200,000 | ||
| 19 |
Periscope Capital Inc.
13F
CIK 1695320 · Exempt reporting adviser · Jun 30, 2026
|
197,600 | ||
| 20 |
TORONTO DOMINION BANK
13F
CIK 947263 · Bank · Jun 30, 2026
|
174,600 | ||
| 21 |
AQR CAPITAL MANAGEMENT LLC
13G
CIK 1167557 · Registered investment adviser · Dec 31, 2025
Rule 13d-1(b), qualified institution
|
170,331 | ||
| 22 |
METEORA CAPITAL, LLC
13F
CIK 1905106 · Investment adviser · Jun 30, 2026
|
155,176 | ||
| 23 |
WOLVERINE ASSET MANAGEMENT LLC
13F
CIK 1279891 · Registered investment adviser · Jun 30, 2026
|
132,119 | ||
| 24 |
GLAZER CAPITAL, LLC
13F
CIK 1076809 · Registered investment adviser · Jun 30, 2026
Classes RFAI, RFAIR
|
129,638 | ||
| 25 |
ARISTEIA CAPITAL, L.L.C.
13F
CIK 1080171 · Registered investment adviser · Jun 30, 2026
|
100,000 | ||
| 26 |
RIVERNORTH CAPITAL MANAGEMENT, LLC
13F
CIK 1447578 · Registered investment adviser · Jun 30, 2026
|
100,000 | ||
| 27 |
Magnetar Financial LLC
13F
CIK 1352851 · Registered investment adviser · Jun 30, 2026
|
99,000 | ||
| 28 |
Mint Tower Capital Management B.V.
13F
CIK 1666606 · Unknown · Jun 30, 2026
|
80,000 | ||
| 29 |
BOOTHBAY FUND MANAGEMENT, LLC
13F
CIK 1549230 · Registered investment adviser · Jun 30, 2026
|
51,130 | ||
| 30 |
BNP PARIBAS ARBITRAGE, SA
13F
CIK 1166588 · Non-US institution · Jun 30, 2026
|
46,579 | ||
| 31 |
FLOW TRADERS U.S. LLC
13F
CIK 1466697 · Unknown · Jun 30, 2026
|
44,161 | ||
| 32 |
First Trust Multi-Strategy Fund
Fund
S000055376 · Registered fund · Jun 30, 2026
INVESTMENT MANAGERS SERIES TRUST II, not summed
|
41,885 | ||
| 33 |
Kepos Capital LP
13F
CIK 1512020 · Registered investment adviser · Jun 30, 2026
|
29,057 | ||
| 34 |
|
23,219 | ||
| 35 |
GOLDMAN SACHS GROUP INC
13F
CIK 886982 · Holding company · Jun 30, 2026
|
16,214 | ||
| 36 |
Arax Advisory Partners
13F
CIK 1586767 · Registered investment adviser · Jun 30, 2026
|
14,900 | ||
| 37 |
K2 PRINCIPAL FUND, L.P.
13F
CIK 1461790 · Unknown · Jun 30, 2026
|
13,374 | ||
| 38 |
TWO SIGMA SECURITIES, LLC
13F
CIK 1450144 · Unknown · Jun 30, 2026
|
11,637 | ||
| 39 |
MORGAN STANLEY
13F
CIK 895421 · Holding company · Jun 30, 2026
|
669 |
Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.