Company: ONCHW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110042
Chunk: 161

Company: 1RT Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 2
Chunk 161
---
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On July 3, 2025, we consummated the Initial Public
Offering of 17,250,000 Units, which includes the full exercise by the underwriters of their over-allotment option in the amount of 2,250,000
Units, at $10.00 per Unit, generating gross proceeds of $172,500,000. Cantor Fitzgerald & Co., acted as sole book-running manager
and Roberts & Ryan acted as co-manager, of the Initial Public Offering. The securities in the offering were registered under the
Securities Act on registration statement on Form S-1 (No. 333-287941). The Securities and Exchange Commission declared the registration
statements effective on July 1, 2025.

Simultaneously with the closing of the Initial Public Offering, we
consummated the sale of an aggregate of 2,250,000 Private Placement Warrants (the “Private Placement Warrants”) in a private
placement to the Sponsor and Cantor Fitzgerald & Co., 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 issuance was made pursuant to the exemption from
registration contained in Section 4(a)(2) of the Securities Act.

Of the gross proceeds received from the Initial
Public Offering, the exercise of the over-allotment option and the Private Placement Warrants, an aggregate of $172,500,000 was placed
in the Trust Account.

We paid a total of $11,867,239, consisting of
$3,000,000 of cash underwriting fees, $8,212,500 of deferred underwriting fees, and $654,739 of other offering costs and expenses related
to the Initial Public Offering.

For a description of