Company: ONCHW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075689
Chunk: 65

Company: 1RT Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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ation of the initial Business Combination, only holders of the Class B ordinary shares will (i) have the
right to vote on the appointment and removal of directors and (ii) be entitled to vote on continuing the Company in a jurisdiction
outside the Cayman Islands (including any special resolution required to amend the constitutional documents or to adopt new constitutional
documents, in each case, as a result of approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders
of the Class A ordinary shares will not be entitled to vote on these matters during such time. These provisions of the amended and
restated memorandum and articles of association may only be amended if approved by a special resolution passed by the affirmative vote
of at least 90% (or, where such amendment is proposed in respect of the consummation of the initial Business Combination, two-thirds)
of the shareholders who, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting of the
Company.

NOTE 8. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services,
geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified
as the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

The CODM assesses performance for the single
segment and decides how to allocate resources based on net income or loss that are also reported on the statements of operations as net
income or loss. The measure of segment assets is reported on the balance sheets as total assets. When evaluating the Company’s
performance and making key decisions regarding resource allocation, CODM reviews several key metrics, which include the following:

    For the  Three Months  Ended June 30,

    For the Six Months  Ended 
    June 30,

    2025

    2025

    General and administrative costs
     
    $
    41,267

    $
    72,267

General and administrative costs are reviewed
and monitored by the CODM to manage and