India, Aug. 21 -- Shares of RF Acquisition Corp II (RFAI) are skyrocketing more than 200 percent after the company shared a regulatory filing about its proposed business combination with Nanyang Biologics Pte. Ltd.
The company's shares are currently trading at $42.01 on the Nasdaq, soaring 230.01 percent in the latest session. The stock opened at $40.00 and touched an intraday high of $58.00. Over the past 12 months, the shares have traded between $8.94 and $58.00.
In the filing, the company stated that the majority of its shareholders voted in favor of the merger at the August 19 meeting.
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