Company: ONCHW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110042
Chunk: 33

Company: 1RT Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 section of the SEC’s website at www.sec.gov. Except as expressly
required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise.

The following discussion and analysis of our
financial condition and results of operations should be read in conjunction with the unaudited condensed financial statements and the
notes thereto included in this Report under Item 1. “Financial Statements”.

Overview

We are a blank check company incorporated in
the Cayman Islands on December 13, 2024, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition,
share purchase, reorganization or other similar Business Combination with one or more businesses (“Business Combination”).
We intend to effectuate our Business Combination using cash derived from the proceeds of the Initial Public Offering and the sale of
the Private Placement Warrants, our shares, debt or a combination of cash, shares and debt.

We expect to continue to incur significant costs
in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from December 13, 2024 (inception) through September 30, 2025 were organizational
activities and those necessary to prepare for the Initial Public Offering, described below. We do not expect to generate any operating
revenues until after the completion of our Business Combination. Subsequent to the Initial Public Offering, we generate non-operating
income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result of being a public
company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three months ended September 30, 2025,
we had a net income of $1,398,121, which consists of interest income on marketable securities held in the Trust Account of $1,683,318,
offset by operating costs of $285,197.

For the nine months ended September 30, 2025,
we had a net income of $1,325,854, which consists of interest income on marketable securities held in the Trust Account of $1,683,318,
offset by operating costs of $357,464.

Factors That May Adversely Affect our Results of Operations

Our results of