RAITH completed a hat trick of signings and allowed former Kilmarnock winger David Bagan to leave the club.
Livingston youngster Stephen Adam joins on loan, while St Johnstone defender Mark Campbell and Forfar midfielder Steven Bonar agreed deals until the end of the season.
Manager Gordon Dalziel said: "I spent GBP70,000 on Mark Campbell when I was at Ayr and I've been trying to get him for a long time. He will strengthen us where I think we need strengthening most.
"Livingston have been good enough to allow us to take Stephen Adam, a young player who has played in the SPL, on loan and Steven Bonar is a player from our own division with the right kind of attitude for this club."
Forfar have signed the former Motherwell defender, David Keogh and ex-Aberdeen striker Mikali Lombardi. Manager Ray Farningham said: "These two lads are young and hungry and add a bit of freshness to the squad."
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