Company: ONCHW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110042
Chunk: 31

Company: 1RT Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 1
     
    $
    174,183,318

16

 1RT ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS SEPTEMBER 30, 2025 (Unaudited)

NOTE 9. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services,
geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified
as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions
about allocating resources. Accordingly, management has determined that the Company only has one reportable segment.

The CODM assesses performance for the single
segment and decides how to allocate resources. The measure of segment assets is reported on the unaudited condensed balance sheets as
total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews
several key metrics, which include the following:

    September 30, 
2025  
    December 31,
 2024 
  
    Cash 
    $741,229  
    $— 
  
    Marketable Securities held in Trust Account 
    $174,183,318  
    $— 

    For the Three Months Ended September 30,  
    For the Nine Months Ended September 30, 

    2025  
    2025 
  
    General and administrative costs 
    $285,197  
    $357,464 
  
    Interest earned on marketable securities held in Trust Account 
    $1,683,318  
    $1,683,318 

General and administrative costs are reviewed
and monitored by the CODM to manage and forecast cash to ensure that enough capital is available to complete an Initial Public Offering
and eventually a Business Combination within the business combination period. The CODM also reviews general and administrative costs
to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

General and administrative costs, as reported
on the unaudited condensed statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

All