RF Acquisition Corp III (RFAM) AI Dilution Summary

Cash was $891,600 at 2026-06-30 against estimated monthly burn of $23,330, as stated at that balance-sheet date. Dilution here is driven primarily by the rights included in the public units and the private placement units. They cover 1,035,000 shares across 2 outstanding instruments, and their conversion is suspended until an unmet milestone is reached: completion of an initial business combination.