Company: ONCHW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110042
Chunk: 70

Company: 1RT Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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3, 2025, the Company paid $24,350 in
excess of the outstanding borrowings under the Note. On July 9, 2025, the Sponsor returned $24,350 to the Company. As of September 30,
2025 and December 31, 2024, there was $0 and $62,118, respectively, outstanding which is currently due on demand.

Administrative Services Agreement

The Company entered into an agreement with the
affiliate of the Sponsor, commencing on July 3, 2025, the effective date of the Initial Public Offering, to pay an aggregate of $12,500
per month for office space, utilities, and secretarial and administrative support. For the three months ended September 30, 2025, the
Company incurred $37,500 in fees for these services, of which such amount is included in accounts payable and accrued expenses in the
accompanying unaudited condensed balance sheets.

Working Capital Loans

In order to finance transaction costs in connection
with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may,
but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes
a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the
Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans but no proceeds from
the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible
into private placement warrants of the post Business Combination entity at a price of $2.00 per warrant at the option of the lender.
The warrants would be identical to the Private Placement Warrants. As of September 30, 2025 and December 31, 2024, no such Working Capital
Loans were outstanding.

13

 1RT ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS SEPTEMBER 30, 2025 (Unaudited)

NOTE 6. COMMITMENTS AND CONTINGENCY  

Risks and Uncertainties

The United States and global markets are
experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict and
the Israel-Hamas conflict. In response to the ongoing Russia-Ukraine conflict,