RF ACQUISITION CORP. : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 5.07 of this Current Report on Form 8-K is incorporated herein by reference.

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

The disclosure contained in Item 5.07 of this Current Report on Form 8-K is incorporated herein by reference.

Item 5.07. Submission of Matters to a Vote of Security Holders.

On March 24, 2023, RF Acquisition Corp., a Delaware corporation (the "Company" or "RFAC") held a special meeting of stockholders (the "Special Meeting"), at which holders of 11,767,639 shares, composed of 8,892,639 Class A common stock, par value $0.0001 per share ("Class A Common Stock"), and 2,875,000 Class B common stock, par value $0.0001 per share (the "Class B Common Stock" together with the Class A Common Stock, the "Common Stock"), were present in person or by proxy, representing approximately 80.74% of the voting power of the 14,575,000 issued and outstanding Common Stock ("Outstanding Shares") entitled to vote at the Special Meeting as of the close of business on March 1, 2023, which was the record date for the Special Meeting.

In connection with the Special Meeting, stockholders properly elected to redeem an aggregate of 7,391,973 Class A Common Stock at a redemption price of approximately $10.29 per share (the "Redemption"), for an aggregate redemption amount of approximately $76,054,239.90. Following the Redemption, approximately $42,266,505.98 will remain in the RFAC trust account (the "Trust Account"), not including the Extension Payment of $300,000 made by the Sponsor, as described below.

At the Special Meeting, the Company's stockholders approved the proposal (the "Charter Amendment Proposal") to amend the Company's amended and restated certificate of incorporation (the "Charter") to give the Company the right to extend the date by which it has to consummate a business combination from March 28, 2023 to December 28, 2023, composed of an initial three-month extension and six subsequent one-month extensions, for a total of up to nine months after March 28, 2023, by depositing into the Trust Account (A) for the initial three-month extension, the lesser of (i) $300,000 or (ii) $0.12 for each share of the Company's Class A Common Stock not redeemed in connection with the Charter Amendment Proposal, and (B) for each of the six subsequent one-month extensions, the lesser of (i) $100,000 or (ii) $0.04 for each share of Class A Common Stock not redeemed in connection with the Charter Amendment Proposal, until December 28, 2023 in exchange for a noninterest bearing, unsecured promissory note payable upon consummation of a business combination.

The following is a tabulation of the votes with respect to the Charter Amendment Proposal, which was approved by the Company's stockholders:

Common Stock   Common Stock    Common Stock
 Votes For     Votes Against   Abstentions
 11,603,000       164,639           0

On March 30, 2023, the Company filed its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the "Charter Amendment") to reflect the Charter Amendment Proposal and address any minor scriveners or typographical errors. Additionally reflected in the Charter Amendment, the board of directors of the Company unanimously approved, with the written consent of the sole holder of Class B Common Stock, an amendment to the Charter that modifies the existing rights of holders of Class B Common Stock to convert their shares into Class A Common Stock by allowing them to convert at any time and from time to time at the option of the holder. The foregoing description of the Charter Amendment is qualified in its entirety by reference to the full text of the Charter Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

As a result of the approval of the Charter Amendment Proposal, the Company's sponsor (or one or more of its affiliates or third-party designees) (the "Sponsor") made a deposit (the "Extension Payment") into the Trust Account on March 27, 2023 in the amount of $300,000, which was equal to the lesser of (i) $300,000 or (ii) $0.12 for each share of the Company's Class A Common Stock not redeemed in connection with the Charter Amendment Proposal, in exchange for a non-interest bearing, unsecured promissory note issued by RFAC to the Sponsor that will not be repaid in the event that the Company is unable to close a business combination unless there are funds available outside the Trust Account to do so.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits



Exhibit
Number     Title
  3.1        Second Amended and Restated Certificate of Incorporation of RF
           Acquisition Corp.
104        Cover Page Interactive Data File (embedded within the Inline XBRL
           document)

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