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AI brief of an SEC Form 8-K · 1RT Acquisition Corp. (ONCH)

1RT Acquisition closes $172.5 million IPO of 17.25 million units on July 3, 2025

Neutral Impact 3 of 5 financing Written later

1RT Acquisition Corp., a blank check company focused on digital assets and technology-enabled businesses, closed its initial public offering of 17,250,000 units on July 3, 2025, including the full exercise of the underwriters' over-allotment option, for gross proceeds of $172.5 million. The company placed $172.5 million in a U.S. trust account, which will not be released until a business combination, a redemption within 24 months of the IPO closing, or a shareholder-approved charter change. Shareholders are investing in a company that has not yet identified a target business.

Key points

  • Sold 17,250,000 units at $10.00 each, including 2,250,000 over-allotment units, for gross proceeds of $172.5 million.
  • $172.5 million placed in trust with Continental Stock Transfer & Trust Company; funds are not released until a business combination or redemption, including if no business combination is completed within 24 months of closing.
  • Sold 2,250,000 private placement warrants at $2.00 each, or $4.5 million in total, to the sponsor and Cantor Fitzgerald & Co.
  • Units began trading on Nasdaq on July 2, 2025 under ticker ONCHU; Class A shares and warrants are expected to trade as ONCH and ONCHW.

The filing

Company1RT Acquisition Corp. (ONCH)
Form8-K, current report
Filed with the SECJul 3, 2025, 5:25 PM ET
Accession number0001213900-25-061572

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 03, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.