Company: ONCHW
Filing Date: 2025-02-19
Form Type: DRS/A
Source: 0001213900-25-015153
Chunk: 300

Company: 1RT Acquisition Corp.
Filing Date: 2025-02-19
Form: DRS/A
Chunk 300
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 31, 2024, the Company has not commenced any operations. All activity for the period from December 13, 2024 (inception) through December 31, 2024 relates to the Company’s formation and the Proposed 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 -operatingincome in the form of interest income on cash and cash equivalents from the proceeds derived from the Proposed Public Offering (as defined below). The Company has selected December 31 as its fiscal year end. The Company’s Sponsor is 1RT Acquisition Sponsor LLC (the “Sponsor”). The Company’s ability to commence operations is contingent upon obtaining adequate financial resources through a Proposed Public Offering (as defined below) of 15,000,000 units at $10.00 per unit (the “Units”) (or 17,250,000 Units if the underwriters’ over -allotmentoption is exercised in full), which is discussed in Note 3 (the “Proposed Public Offering”), and the sale of an aggregate of 4,500,000 Private Placement Warrants (including if the underwriters’ over -allotmentoption is exercised in full) (the “Private Placement Warrants”) to the Sponsor and Cantor Fitzgerald & Co., the representative of the underwriters of the Proposed Public Offering, at a price of $1.00 per warrant, or $4,500,000 in the aggregate, in a private placement that will close simultaneously with the Proposed Public Offering. Each Unit consists of one Class A ordinary share and one -halfof one redeemable warrant. Of those 4,500,000 Private Placement Warrants, the Sponsor has agreed to purchase 3,000,000 Private Placement Warrants and Cantor Fitzgerald & Co. has agreed to purchase 1,500,000 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 Proposed 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 Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the