Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 66

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 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 statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net income
or loss are reported on the statements of operations and described within their respective disclosures.

14

1RT ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(UNAUDITED)

NOTE 9. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the condensed balance sheet dates up to August 12, 2025, the date that the unaudited condensed
financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent
events that would have required adjustment or disclosure in the unaudited condensed financial statements.

The registration statement for the Company’s
Initial Public Offering was declared effective on July 1, 2025. On July 3, 2025, the Company 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.

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) 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.

Following the closing of the Initial Public Offering,
on July 3, 2025, an amount of $172,500,000 ($10.00 per Unit