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Does that mean they have not acquired the WA franchise's contractual rights and obligations, including player contracts, plant and equipment, funds, sponsorship entitlements, office equipment, etc?
If so, the Force may only need to change its name and logo to continue as an entity run by RugbyWA, although who they play against may be an issue.
I doubt if the Force have anything else which might be protected by copyright or trademark, or capable of logically being defined as such.
If RugbyWA can also raise $5m plus from the float, and can find some competition somewhere to play in, it might well be in a position to tell the ARU to go $#&*@# themselves.