Company: ONCHW
Filing Date: 2025-04-08
Form Type: DRS/A
Source: 0001213900-25-029786
Chunk: 22

Company: 1RT Acquisition Corp.
Filing Date: 2025-04-08
Form: DRS/A
Chunk 22
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 potential loss of such investment if no business combination is consummated and the fact that we may consummate a business combination with a target in a broad array of technology sectors and verticals, or even outside such areas, we do not believe, that the fiduciary duties or contractual obligations of our officers or directors will materially affect our ability to complete our initial business combination. In addition, our sponsor and our officers and directors may sponsor or form other special purpose acquisition companies similar to ours or may pursue other business or investment ventures during the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other special purpose acquisition company with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target. However, we do not believe that any such potential conflicts would materially affect our ability to complete our initial business combination. Prior to the date of this prospectus, we will file a Registration Statement on Form 8 -Awith the SEC to voluntarily register our securities under Section 12 of the Securities Exchange Act of 1934, as amended, or the Exchange Act. As a result, we will be subject to the rules and regulations promulgated under the Exchange Act. We have no current intention of filing a Form 15 to suspend our reporting or other obligations under the Exchange Act prior or subsequent to the consummation of our initial business combination. 8 Prior SPAC Experience Our sponsor has not been involved in the formation of any other special purpose acquisition companies. Mr.Tapiero previously served on the board of directors of Atlantic Coastal Acquisition Corp. (“Atlantic”), a blank check acquisition company formed for substantially similar purposes as ours. Atlantic completed its initial public offering in 2021, in which it sold 30,000,000 units, each consisting of one share of common stock and one -thirdof one warrant to purchase one share of common stock, for an offering price of $10.00 per unit, generating aggregate proceeds of $300,000,000. Mr.Tapiero resigned from the board of directors of Atlantic on March21, 2023. Atlantic did not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation. Atlantic’s securities were removed from listing on the Nasdaq Stock Market LLC in April 2024. Mr.Tapiero also previously served on the board of directors of