Warberg Asset Management’s RF Acquisition Corp II RFAI Stock Holding History

Warberg Asset Management’s Portfolio RFAI Stock Details RFAI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-38,000	Closed	-$408K	–	221
2025 Q3	$408K	Hold	38,000	–	–	0.07%	96
2025 Q2	$401K	Hold	38,000	–	–	0.06%	91
2025 Q1	$394K	Hold	38,000	–	–	0.07%	89
2024 Q4	$388K	Hold	38,000	–	–	0.06%	97
2024 Q3	$386K	Buy	+38,000	New	+$384K	0.07%	98

Other funds holding RFAI

KIM

Karpus Investment Management Pittsford, New York $3.21B AUM 6.83% 1-Year Est. Return

FTCM

First Trust Capital Management Chicago, Illinois $1.9B AUM 58.28% 1-Year Est. Return

WRBC

W.R. Berkley Corp Greenwich, Connecticut $1.86B AUM 14.44% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

MSU

Mizuho Securities USA New York $6.2B AUM 35.46% 1-Year Est. Return

GCL

Glazer Capital LLC New York $4.71B AUM 81.93% 1-Year Est. Return

AQR Arbitrage Greenwich, Connecticut $6.09B AUM 26.7% 1-Year Est. Return

WAM

Wolverine Asset Management Chicago, Illinois $10.4B AUM 4.78% 1-Year Est. Return

PAMP

Polar Asset Management Partners Toronto, Ontario, Canada $5.01B AUM 35.02% 1-Year Est. Return

Kepos Capital New York $61.3M AUM 12.13% 1-Year Est. Return

Warberg Asset Management's RFAI Position: Q4 2025 in Review

Warberg Asset Management sold out of RF Acquisition Corp II (RFAI) in Q4 2025, closing a stake of 38,000 shares — an estimated $408K sold.

Warberg Asset Management first reported a position in RFAI in Q3 2024 and held it in 5 quarters. The position peaked at $408K in Q3 2025. 15 funds tracked by Wall St. Rank hold RFAI as of Q4 2025.

Warberg Asset Management reported no remaining RF Acquisition Corp II position as of Q4 2025 after selling out during the quarter.
Warberg Asset Management sold 38,000 RF Acquisition Corp II shares in Q4 2025, an estimated $408K.
Warberg Asset Management first reported a position in RF Acquisition Corp II in Q3 2024 and held it in 5 quarters.
Warberg Asset Management's RF Acquisition Corp II position peaked at $408K in Q3 2025.
15 funds tracked by Wall St. Rank held RF Acquisition Corp II as of Q4 2025.

Based on Warberg Asset Management's 13F filing for Q4 2025, filed 13 Feb 2026.