1rt Acquisition Corp.(NASDAQ) ONCH

1RT Acquisition Corp. helps private businesses enter the public market. It searches for a company to buy or merge with. The company holds investor money safely until a deal is found.

Searching for a Target

• Acquisition Search: Identifying and evaluating potential businesses for a merger, share exchange, or purchase.
• Trust Account Management: Holding $172.5 million in proceeds from its initial public offering to fund a future business combination.
• Listing Services: Offering private entities a way to become publicly traded through a reorganization or merger.

Building the Business

• Incorporated in the Cayman Islands on Dec. 13, 2024.
• Completed its initial public offering on July 3, 2025, raising $172.5 million in gross proceeds.
• Sold 2.25 million private placement warrants for $4.5 million in July 2025.
• Started an agreement in July 2025 to pay $12,500 monthly for administrative support and office space.

What Makes 1RT Different

1RT Acquisition maintains a lean operational structure with two full-time employees to manage expenses. The company generates interest income from its trust account while identifying potential merger candidates.

Performance and Trust Funds

• Net income was $1.4 million for the three-month period ended June 30, 2026.
• Marketable securities in the trust account earned $3.1 million in interest during the first half of 2026.
• The trust account held $179.0 million as of June 30, 2026.
• Cash held in the operating bank account outside of the trust was $36,203 as of June 30, 2026.

Bottom Line

1RT Acquisition functions as a vehicle to take private companies public. Its future success relies on finding a suitable partner before its July 2027 liquidation deadline.