Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 23

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 entitled to a deferred underwriting
discount of 4.50% of the gross proceeds of the Initial Public Offering held in the Trust Account other than those sold pursuant to the
underwriters’ over-allotment option and 6.50% of the gross proceeds sold pursuant to the underwriters’ over-allotment option,
$8,212,500 in the aggregate as the underwriters’ exercised their over-allotment option in full upon the completion of the Company’s
initial Business Combination subject to the terms of the underwriting agreement.

NOTE 7. SHAREHOLDERS’ (DEFICIT) EQUITY

Preference Shares — The
Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. At June 30, 2025 (unaudited) and
December 31, 2024, there were no preference shares issued or outstanding.

Class A Ordinary Shares — The
Company is authorized to issue a total of 200,000,000 Class A ordinary shares at par value of $0.0001 each. At June 30, 2025 (unaudited)
and December 31, 2024, there were no shares of Class A ordinary shares issued or outstanding.

Class B Ordinary Shares — The
Company is authorized to issue a total of 20,000,000 Class B ordinary shares at par value of $0.0001 each. On December 31,
2024, the Company issued 4,312,500 Class B ordinary shares to the Sponsor for $25,000, or approximately $0.006 per share. The founder
shares include an aggregate of up to 562,500 shares subject to forfeiture if the over-allotment option is not exercised by the underwriters
in full. 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. As of June 30, 2025 (unaudited) and December 31, 2024,
there were 4,312,500 Class B ordinary shares issued and outstanding.

The founder shares will automatically convert
into Class A ordinary shares concurrently with or immediately following the consummation of the initial Business Combination or
earlier at the option of