Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 14

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 financial
statement.

NOTE 3. INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering on July
3, 2025, the Company sold 17,250,000 Units, which includes the full exercise by underwriters of their over-allotment option in
the amount of 2,250,000 Units at a purchase price of $10.00 per Unit. Each Unit that the Company is offering has a price of $10.00 and
consists of one Class A ordinary share and one-quarter of one redeemable warrant (“Public Warrant”). Each whole warrant
will entitle the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Each warrant
will become exercisable 30 days after the completion of the initial Business Combination and will expire five years after the
completion of the initial Business Combination, or earlier upon redemption or liquidation.

Public Warrants — As of
June 30, 2025 (unaudited) and December 31, 2024, there are no Public Warrants outstanding. Each whole warrant entitles the holder to
purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as discussed herein. The warrants cannot
be exercised until 30 days after the completion of the initial Business Combination, and will expire at 5:00 p.m., New York
City time, five years after the completion of the initial Business Combination or earlier upon redemption or liquidation.

The Company will not be obligated to deliver
any Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless
a registration statement under the Securities Act with respect to the Class A ordinary shares underlying the warrants is then effective
and a prospectus relating thereto is current. No warrant will be exercisable and the Company will not be obligated to issue a Class A
ordinary share upon exercise of a warrant unless the Class A ordinary share issuable upon such warrant exercise has been registered,
qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In the
event that the conditions in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such
warrant will not be entitled to exercise such warrant and such warrant may have no value and expire worthless. In no event will