Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 3

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 used in operating
    activities: 

    Payment of expenses through promissory note – related
    party 
     49,067 
  
    Changes in operating assets and liabilities: 

    Accrued expenses 
     23,200 
  
    Net cash used
    in operating activities 
     — 

    Net Change in Cash 
     — 
  
    Cash – Beginning of period 
     — 
  
    Cash – End
    of period 
    $— 

    Noncash investing and financing activities: 

    Deferred offering costs included
    in accrued offering costs 
    $289,588 
  
    Deferred offering costs paid through
    promissory note - related party 
    $72,817 
  
    Deferred offering costs applied to
    prepaid expense contributed by Sponsor 
    $8,886 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

4

1RT ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(UNAUDITED)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS
OPERATIONS

1RT Acquisition Corp. (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted corporation on December 13, 2024. The Company was incorporated
for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses (the “Business Combination”). The Company has not selected any specific Business
Combination target, and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly,
with any Business Combination target with respect to an initial Business Combination with the Company.

As of June 30, 2025, the Company has not commenced
any operations. All activity for the period from December 13, 2024 (inception) through June 30, 2025, relates to the Company’s
formation and the Initial Public Offering (as defined below). The Company will not generate any operating revenues until after the completion
of its initial Business Combination, at the earliest. The Company will generate non-operating income from the proceeds derived from the
Initial Public Offering (as defined below). The Company has selected December 31 as its fiscal year end.

The registration statement for the Company’s
Initial Public Offering was