Company: ONCHW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110042
Chunk: 39

Company: 1RT Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 S-1 (No. 333-287941). The Securities and Exchange Commission declared the registration
statements effective on July 1, 2025.

Simultaneously with the closing of the Initial Public Offering, we
consummated the sale of an aggregate of 2,250,000 Private Placement Warrants (the “Private Placement Warrants”) in a private
placement to the Sponsor and Cantor Fitzgerald & Co., at a price of $2.00 per warrant, or $4,500,000 in the aggregate. Of those 2,250,000
Private Placement Warrants, the Sponsor purchased 1,500,000 Private Placement Warrants and Cantor Fitzgerald & Co. purchased
750,000 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 Initial
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 issuance was made pursuant to the exemption from
registration contained in Section 4(a)(2) of the Securities Act.

Of the gross proceeds received from the Initial
Public Offering, the exercise of the over-allotment option and the Private Placement Warrants, an aggregate of $172,500,000 was placed
in the Trust Account.

We paid a total of $11,867,239, consisting of
$3,000,000 of cash underwriting fees, $8,212,500 of deferred underwriting fees, and $654,739 of other offering costs and expenses related
to the Initial Public Offering.

For a description of the use of the proceeds
generated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information

None of our officers or directors, as defined
in Rule 16a-1(f), adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading
arrangement,” as defined in Item 408 of Regulation S-K, during the three months ended September 30, 2025.

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Item 6