Company: ONCHW
Filing Date: 2025-06-26
Form Type: S-1/A
Source: 0001213900-25-058226
Chunk: 66

Company: 1RT Acquisition Corp.
Filing Date: 2025-06-26
Form: S-1/A
Chunk 66
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 the proposal to approve the initial business combination. In addition, if we conduct redemptions in connection with a shareholder vote, we intend to require a public shareholder seeking redemption of its public shares to also submit a written request for redemption to our transfer agent two business days prior to the scheduled vote in which the name of the beneficial owner of such shares is included. In the event that a shareholder fails to comply with these or any other procedures disclosed in the proxy or tender offer materials, as applicable, its shares may not be redeemed. See the section of this prospectus entitled “Proposed Business — Delivering Share Certificates in Connection with the Exercise of Redemption Rights.” You will not be entitled to protections normally afforded to investors of other blank check companies subject to Rule 419 of the Securities Act. Since the net proceeds of this offering and the sale of the private placement warrants are intended to be used to complete one or more initial business combinations with a target business or businesses that have not been selected, we may be deemed to be a “blank check” company under the United States securities laws. However, because we will have net tangible assets in excess of $5,000,000 upon the completion of this offering and the sale of the private 48 placement warrants and will file a Current Report on Form 8 -K, including an audited balance sheet demonstrating this fact, we are exempt from rules promulgated by the SEC to protect investors in blank check companies, such as Rule 419. Accordingly, investors will not be afforded the benefits or protections of those rules. Among other things, this means our units will be immediately tradable and we will have a longer period of time to complete our respective business combinations than do companies subject to Rule 419. Moreover, if this offering were subject to Rule 419, that rule would prohibit the release of any interest earned on funds held in the trust account to us unless and until the funds in the trust account were released to us or in connection with our completion of an initial business combination. Our amended and restated memorandum and articles of association will not provide a specified maximum redemption threshold, and as a consequence we may become subject to the SEC’s “penny stock” rules if we redeem Public Shares in an amount that would cause our net tangible assets to be less than $5,000,001. For a more detailed comparison of our offering to offerings that comply with Rule 419, please see “Proposed Business — Comparison of This Offering to Those of Blank Check Companies Subject to Rule 419.” If