Company: ONCHW
Filing Date: 2025-02-19
Form Type: DRS/A
Source: 0001213900-25-015153
Chunk: 113

Company: 1RT Acquisition Corp.
Filing Date: 2025-02-19
Form: DRS/A
Chunk 113
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 is $4,525,000, consisting of (i) $25,000 paid by the sponsor for the founder shares, (ii) $3,000,000 paid by the sponsor for 3,000,000 private placement warrants and (iii) $1,500,000 paid by Cantor Fitzgerald & Co. for 1,500,000 private placement warrants. For purposes of this table, the full investment amount is ascribed to the founder shares only. (3)All founder shares would automatically convert into Class A ordinary shares at any time and from time to time at the option of the holders thereof or in connection with the consummation of our initial business combination. Based on these assumptions, each Class A ordinary share would have an implied value of $7.64 per share upon completion of our initial business combination, representing an approximately 23.6% decrease from the initial implied value of $10.00 per public share. While the implied value of $7.64 per Class A ordinary share upon completion of our initial business combination would represent a dilution to our public shareholders, this would represent a significant increase in value for our sponsor relative to the price it paid for each founder share. At $7.64 per Class A ordinary share, the 4,312,500 Class A ordinary shares that the sponsor would own upon completion of our initial business combination (after automatic conversion of the 4,312,500 founder shares) would have an aggregate implied value of $32,947,500. As a result, even if the trading price of our Class A ordinary share significantly declines, the value of the founder shares held by our sponsor will be significantly greater than the amount our sponsor paid to purchase such shares. In addition, our sponsor could potentially recoup its entire investment in our company even if the trading price of our Class A ordinary shares after the initial business combination is as low as $1.21 per share. As a result, our sponsor is likely to earn a substantial profit on its investment in us upon disposition of its Class A ordinary shares even if the trading price of our Class A ordinary shares declines after we complete our initial business combination.

76 Our sponsor may therefore be economically incentivized to complete an initial business combination with a riskier, weaker -performingor less -establishedtarget business than would be the case if our sponsor had paid the same per share price for the founder shares as our public shareholders paid for their public shares in this offering. This dilution would increase to the extent that