Company: ONCHW
Filing Date: 2025-04-08
Form Type: DRS/A
Source: 0001213900-25-029786
Chunk: 48

Company: 1RT Acquisition Corp.
Filing Date: 2025-04-08
Form: DRS/A
Chunk 48
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 other special purpose acquisition companies similar to ours or may pursue other business or investment ventures during the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other special purpose acquisition company with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target. In addition, there are no contractual agreements between us, our sponsor or our officers or directors regarding allocation of opportunities among us and other SPACs they may sponsor. Accordingly, if any of our sponsor or officers or directors becomes aware of a business combination opportunity which is suitable for an entity to which he or she has then current fiduciary or contractual obligations, he or she may honor his or her fiduciary or contractual obligations to present such business combination opportunity to such other entity first (unless such opportunity was presented to such individuals in his or her capacity as an officer or director of our company), subject to their fiduciary duties under Cayman Islands law, and only present it to us if such entities reject the opportunity and he or she determines to present the opportunity to us. We expect that a determination will be made as to whether us or another SPAC would be presented with the opportunity, if at all, based on the circumstances of the particular situation, including but not limited to the relative sizes of the SPACs compared to the sizes of the targets, the need or desire for additional financings, amount of time required to complete a business combination, jurisdiction of organization of the SPACs, and the relevant experience of the directors and officers involved with a particular SPAC. However, we do not believe that any such potential conflicts would materially affect our ability to complete our initial business combination. Please see “Management — Conflicts of Interest” for further details. |
| Our sponsor and members of our management team will directly or indirectly own our securities following this offering, and accordingly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination, including the fact that they may lose their entire investment in us if our initial business combination is not completed, except to the extent they receive liquidating distributions from assets outside the trust account. Upon the closing of this offering, our sponsor will have invested in us an aggregate of $3,025,000, comprised of the $25,000 purchase price for the founder shares (