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HCC Healthcare Pte.

Definitive (DA signed)

Health Care · healthcare services

What it is
A private company in health care preparing to list via a SPAC merger. Full profile in progress.
What it’s doing now
Merging with RF Acquisition III (RFAM) — definitive (da signed), announced Jul 9, 2026.
What you should know
The real share count puts the effective valuation 28% above the announced $500M.
Profile in progress — we only publish what we can verify in filings, and for this company that work isn’t finished. Identity and deal facts above are current; business detail, financials and peers will appear as the filings are parsed.

What the company says about itself

Web research — not audited
What our web check found

[WEB-INTEL 2026-08-21] 3 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "each recapitalized Company Ordinary Share valued at $10.00" [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing must occur within 270 days after the Business Combination Agreement date absent certain breaches" [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "potential redemptions from RF Acquisition shareholders" [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] [WEB-INTEL 2026-08-25] 6 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Deal values HCC Healthcare at about US$500M" [https://www.stocktitan.net/news/RFAM/hcc-healthcare-signs-business-combination-agreement-with-rf-tjl9j41oyrl1.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "values HCC Healthcare at $500,000,000" [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "approximately US$500 million" [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The deal is announced but not yet closed, date: late Q3 2026" [https://tickerspark.ai/market/hcc-healthcare-spac-merger] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "targets closing in Q4 2026" [https://www.stocktitan.net/news/RFAM/hcc-healthcare-signs-business-combination-agreement-with-rf-tjl9j41oyrl1.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing expected in Q4 2026" [https://www.stocktitan.net/news/RFAM/hcc-healthcare-signs-business-combination-agreement-with-rf-tjl9j41oyrl1.html] [WEB-INTEL 2026-08-25] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The BCA reflects a pre-transaction equity value of HCC Healthcare of approximately US$500 million." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close in the fourth quarter of 2026." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "RF Acquisition Corp III agreed to merge with Singapore-based HCC Healthcare Pte. Ltd. in a SPAC business combination that values HCC Healthcare at $500,000,000 on a fully diluted basis, with each recapitalized Company Ordinary Share valued " [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing must occur within 270 days after the Business Combination Agreement date absent certain breaches" [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] [WEB-INTEL 2026-08-25] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The BCA reflects a pre-transaction equity value of HCC Healthcare of approximately US$500 million." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close in the fourth quarter of 2026." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "RF Acquisition Corp III agreed to merge with Singapore-based HCC Healthcare Pte. Ltd. in a SPAC business combination that values HCC Healthcare at $500,000,000 on a fully diluted basis, with each recapitalized Company Ordinary Share valued " [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing must occur within 270 days after the Business Combination Agreement date absent certain breaches" [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] [WEB-INTEL 2026-08-25] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The BCA reflects a pre-transaction equity value of HCC Healthcare of approximately US$500 million." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close in the fourth quarter of 2026." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "RF Acquisition Corp III agreed to merge with Singapore-based HCC Healthcare Pte. Ltd. in a SPAC business combination that values HCC Healthcare at $500,000,000 on a fully diluted basis, with each recapitalized Company Ordinary Share valued " [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing must occur within 270 days after the Business Combination Agreement date absent certain breaches." [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] [WEB-INTEL 2026-08-25] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The BCA reflects a pre-transaction equity value of HCC Healthcare of approximately US$500 million." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close in the fourth quarter of 2026." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-h [WEB-INTEL 2026-08-26] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The BCA reflects a pre-transaction equity value of HCC Healthcare of approximately US$500 million." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close in the fourth quarter of 2026." [https://www.globenewswire.com/news-release/2026/07/09/3325251/0/en/hcc-healthcare-signs-business-combination-agreement-with-rf-acquisition-corp-iii-to-pursue-nasdaq-listing.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "RF Acquisition Corp III agreed to merge with Singapore-based HCC Healthcare Pte. Ltd. in a SPAC business combination that values HCC Healthcare at $500,000,000 on a fully diluted basis, with each recapitalized Company Ordinary Share valued " [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing must occur within 270 days after the Business Combination Agreement date absent certain breaches" [https://www.stocktitan.net/sec-filings/RFAM/8-k-rf-acquisition-corp-iii-reports-material-event-1ecedf771392.html]

Source: company web presence · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

HCC Healthcare Pte. is merging with RF Acquisition III (RFAM), a $100M SPAC currently marked Deal announced and trading at $9.97 against $10.13 in trust per share.

Headline equity value$500M
Effective valuation (all shares)$639M+28% vs headline
Sponsor promote28.2%

Structure per SEC accession(s) 0001829126-26-007711, 0001829126-26-007475, 0001829126-26-007473. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Was this deal done at an expensive or a cheap valuation?

SpacBrain’s read on the price

No multiple can be computed

We hold no revenue figure in US dollars for HCC Healthcare Pte. Ltd., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales. The deal values it at $639.3M regardless.

We have not extracted a revenue figure for this company from its filings yet. That is our gap, not a statement about the business.

What the buyers are paying for the whole company$639.3M

Post-dilution equity (net debt unknown).

Divided by what the company actually sells in a yearno revenue figure on file

Not extracted from the filings yet.

= what this deal pays for every dollar of those salesno multiple

Not computable — no revenue figure has been extracted from the filings yet.

What the stock market pays for its closest listed peersno comparable multiple

No listed comparable carries a revenue multiple we can use.

What qualifies the figures above

  • Struck on the post-dilution value of $639.3M, not the announced $500M — new shares handed to the sponsor, warrant holders and the PIPE are part of what public buyers are really paying.
  • The target's cash and debt are not in the filings we have, so this is an equity value used as a stand-in for enterprise value.

Common questions

Is HCC Healthcare Pte. going public?

HCC Healthcare Pte. has a signed merger with the SPAC RF Acquisition III (RFAM), announced Jul 9, 2026. Deal status: Definitive (DA signed).

What is HCC Healthcare Pte.'s SPAC deal valuation?

The announced headline equity value is $500M, but counting every share class — founder promote, PIPE and public shares — the effective valuation is $639M, 28% above the headline.

Was HCC Healthcare Pte. bought at an expensive or a cheap valuation?

We hold no revenue figure in US dollars for HCC Healthcare Pte. Ltd., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales. The deal values it at $639.3M regardless.

Does HCC Healthcare Pte. have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

Other health care deals
Same sponsor’s other SPACs
  • RFAI — RF Acquisition II · Deal announced