First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC jointly filed an amended Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership positions in RF Acquisition Corp II as of September 30, 2026.

Key Highlights

  • Issuer: RF Acquisition Corp II, Ordinary Shares, par value $0.0001 per share (CUSIP G75389109).
  • VARBX ownership: First Trust Merger Arbitrage Fund beneficially owned 161,265 shares, representing 4.59% of the class, with sole voting and dispositive power over all such shares.
  • FTCM, FTCS, and Sub GP ownership: First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC each reported beneficial ownership of 176,704 shares, representing 5.03% of the class.
  • No shared power: All four reporting persons reported zero shared voting power and zero shared dispositive power.
  • Event date: The date of the event requiring this filing was September 30, 2026.
  • Ordinary course certification: The reporting persons certified that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

First Trust Entities Report Positions in RF Acquisition Corp II Ordinary Shares

According to the filing, the Schedule 13G/A was submitted jointly by four related entities: First Trust Merger Arbitrage Fund ("VARBX"), a series of Investment Managers Series Trust II registered under the Investment Company Act of 1940; First Trust Capital Management L.P. ("FTCM"), an SEC-registered investment adviser; First Trust Capital Solutions L.P. ("FTCS"), described as a Delaware limited partnership and control person of FTCM; and FTCS Sub GP LLC ("Sub GP"), a Delaware limited liability company and control person of FTCM. The principal business address of FTCM, FTCS, and Sub GP is 225 W. Wacker Drive, 21st Floor, Chicago, IL 60606. The principal business address of VARBX is 235 West Galena Street, Milwaukee, WI 53212.

As of September 30, 2026, the filing disclosed that VARBX owned 161,265 shares of the issuer's outstanding Ordinary Shares, representing 4.59% of the class, with sole voting and sole dispositive power over all those shares and no shared power of any kind. FTCM, FTCS, and Sub GP each reported beneficial ownership of 176,704 shares, representing 5.03% of the class, also with sole voting and sole dispositive power and no shared power. The filing noted that "FTCS and Sub GP may be deemed to control FTCM and therefore may be deemed to be beneficial owners of the Ordinary Shares reported in this Schedule 13G/A," and that "no one individual controls FTCS or Sub GP." The filing further stated that FTCS and Sub GP do not own any Ordinary Shares for their own accounts.

The issuer's principal executive offices are listed as 111 Somerset, #05-07 Singapore, 238164. The filing is designated as Amendment No. 1 to a previously filed Schedule 13G.

What Was Disclosed

Four affiliated First Trust entities filed an amended Schedule 13G disclosing their beneficial ownership in RF Acquisition Corp II Ordinary Shares as of September 30, 2026. VARBX reported 161,265 shares (4.59%), while FTCM, FTCS, and Sub GP each reported 176,704 shares (5.03%).