Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 98

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 3
Chunk 98
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 may be surrendered by the Sponsor for no consideration
depending on the extent to which the underwriters’ over-allotment option is exercised. On July 3, 2025, the underwriters exercised
their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 562,500 founder shares are no
longer subject to forfeiture. The foregoing issuance was made pursuant to the exemption from registration contained in Section 4(a)(2)
of the Securities Act.

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of an aggregate of 2,250,000 Private Placement Warrants (including if the underwriters’
over-allotment option is exercised in full) (the “Private Placement Warrants”) in a private placement to the Sponsor and
Cantor Fitzgerald & Co., the representative of the underwriters of the Initial Public Offering, 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 foregoing issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The Private Placement Warrants are identical
to the warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants are not transferable,
assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions.

Of the gross proceeds received from the Initial
Public Offering and the proceeds of the sale of 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