Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 64

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 Public Offering (including any Class A ordinary shares
issued pursuant to the underwriters’ over-allotment option and excluding the Class A ordinary shares underlying the private
placement warrants issued to the Sponsor), plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed
issued, in connection with the closing of the initial Business Combination (excluding any shares or equity-linked securities issued,
or to be issued, to any seller in the initial business combination and any private placement-equivalent warrants issued to the Sponsor
or any of its affiliates or to the Company’s officers or directors upon conversion of working capital loans) minus (iii) any
redemptions of Class A ordinary shares by public shareholders in connection with an initial business combination; provided that
such conversion of founder shares will never occur on a less than one-for-one basis.

13

1RT ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(UNAUDITED)

Holders of record of the Company’s Class A
ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters to be voted on by shareholders.
Unless specified in the amended and restated memorandum and articles of association or as required by the Companies Act or stock exchange
rules, an ordinary resolution under Cayman Islands law and the amended and restated memorandum and articles of association, which requires
the affirmative vote of a majority of the shareholders who, being entitled to do so, vote in person or, where proxies are allowed, by
proxy at a general meeting of the company is generally required to approve any matter voted on by the Company’s shareholders. Approval
of certain actions require a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative
vote of at least two-thirds of the shareholders who, being entitled to do so, vote in person or, where proxies are allowed, by proxy
at a general meeting, and pursuant to the Company’s amended and restated memorandum and articles of association, such actions include
amending the amended and restated memorandum and articles of association and approving a statutory merger or consolidation with another
company. There is no cumulative voting with respect to the appointment of directors, meaning, following the Company’s initial business
combination, the holders of more than 50% of the ordinary shares voted for the appointment of directors can elect all of the directors.
Prior to the consumm