Company: ONCHW
Filing Date: 2025-06-26
Form Type: S-1/A
Source: 0001213900-25-058226
Chunk: 324

Company: 1RT Acquisition Corp.
Filing Date: 2025-06-26
Form: S-1/A
Chunk 324
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 share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 150 days after the initial Business Combination or (2) if the Company consummates a transaction after the initial Business Combination which results in the Company’s shareholders having the right to exchange their shares for cash, securities or other property, the founder shares will be released from the Lock -up. Promissory Note — Related Party The Sponsor has agreed to loan the Company an aggregate of up to $300,000 to be used for a portion of the expenses of the Proposed Public Offering. The loan is non -interestbearing, unsecured and due at the earlier of August14, 2025, as amended, or the closing of the Proposed Public Offering. The loan will be repaid out of the $914,500 of offering proceeds that has been allocated to the payment of offering expenses. As of March31, 2025 (unaudited) and December 31, 2024, the Company had borrowed $125,648 and $120,648, respectively, under the promissory note. Administrative Services Agreement Commencing on the effective date of the Proposed Public Offering, the Company will enter into an agreement with an affiliate of the Sponsor to pay an aggregate of $12,500 per month for office space, utilities, and secretarial and administrative support. F-14 1RT Acquisition Corp.
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2025 Note 5 — Related Party Transactions (cont.) Working Capital Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans but no proceeds from the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible into private placement warrants of the post Business Combination entity at a price of $2.00 per warrant at the option of the lender. The warrants would be identical to the Private Placement Warrants. As of March31, 2025 (un