Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 87

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 87
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 that could cause our actual results to
differ materially from those in this report include the risk factors described in our final prospectus for our Initial Public Offering
filed with the SEC. As of the date of this Report, there have been no material changes to the risk factors disclosed in our final prospectus
for our Initial Public Offering filed with the SEC.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On December 31, 2024, the Sponsor made a
capital contribution of $25,000, or approximately $0.006 per share, to cover certain of the Company’s expenses, for which the Company
issued 4,312,500 founders shares to the Sponsor. Up to 562,500 of the founder shares may be surrendered by the Sponsor for no consideration
depending on the extent to which the underwriters’ over-allotment option is exercised. On July 3, 2025, the underwriters exercised
their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 562,500 founder shares are no
longer subject to forfeiture. The foregoing issuance was made pursuant to the exemption from registration contained in Section 4(a)(2)
of the Securities Act.

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of an aggregate of 2,250,000 Private Placement Warrants (including if the underwriters’
over-allotment option is exercised in full) (the “Private Placement Warrants”) in a private placement to the Sponsor and
Cantor Fitzgerald & Co., the representative of the underwriters of the Initial Public Offering, at a price of $2.00 per warrant,
or $4,500,000 in the aggregate. Of those 2,250,000 Private Placement Warrants, the Sponsor purchased 1,500,000 Private Placement Warrants
and Cantor Fitzgerald & Co. purchased 750,000 Private Placement Warrants. Each whole warrant entitles the holder to purchase
one Class A ordinary share at a price of $11.50 per share. The Company’s management has broad discretion with respect to the
specific application of the net proceeds of the Initial Public Offering and the Private Placement Warrants, although substantially all
of the net proceeds are intended to be generally applied toward consummating a Business Combination (less deferred underwriting commissions).
The foregoing issuance was made pursuant to the exemption