Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 62

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 by them and any other securities of the Company acquired by them prior to the consummation
of the initial Business Combination pursuant to a registration rights agreement to be signed prior to or on the effective date of the
Initial Public Offering. The holders of these securities are entitled to make up to three demands, excluding short form demands, that
the Company registers such securities. In addition, the holders have certain piggyback registration rights with respect to registration
statements filed subsequent to the completion of the initial Business Combination. The Company will bear the expenses incurred in connection
with the filing of any such registration statements.

12

1RT ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(UNAUDITED)

Underwriters’ Agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 2,250,000 units to cover over-allotments, if any. On July 3,
2025, the underwriters elected to fully exercise their over-allotment option to purchase an additional 2,250,000 Units at a price of
$10.00 per Unit.

The underwriters were entitled to a cash underwriting
discount of $3,000,000 (2.0% of the gross proceeds of the units offered in the Initial Public Offering, excluding the proceeds from units
sold pursuant to the underwriters’ over-allotment option). Additionally, the underwriters were entitled to a deferred underwriting
discount of 4.50% of the gross proceeds of the Initial Public Offering held in the Trust Account other than those sold pursuant to the
underwriters’ over-allotment option and 6.50% of the gross proceeds sold pursuant to the underwriters’ over-allotment option,
$8,212,500 in the aggregate as the underwriters’ exercised their over-allotment option in full upon the completion of the Company’s
initial Business Combination subject to the terms of the underwriting agreement.

NOTE 7. SHAREHOLDERS’ (DEFICIT) EQUITY

Preference Shares — The
Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. At June 30, 2025 (unaudited) and
December 31, 2024, there were no preference shares issued or outstanding.

Class A