1RT Acquisition Corp (NASDAQ: ONCH) is a blank check special purpose acquisition company incorporated on December 13, 2024 as a Cayman Islands exempted company, formed for the sole purpose of effecting a business combination with one or more target businesses. The company generates no operating revenue; its income during the year ended December 31, 2025 consisted of $3,363,626 in interest earned on marketable securities held in a Trust Account. Following its Initial Public Offering and full exercise of the over-allotment option, $172,500,000 was placed in Trust, invested in U.S. Treasury Bills with maturities of 185 days or less. As of December 31, 2025, cash and marketable securities in the Trust Account totaled $175,863,626. The management and advisory teams are affiliated with 50T, a digital assets and blockchain-focused investment firm, and intend to target acquisition opportunities in that sector. The company is subject to Nasdaq's 36-month SPAC completion requirement.

Revenue model

No operating revenue. Income is derived solely from interest earned on Trust Account assets invested in U.S. Treasury Bills. Net income for the year ended December 31, 2025 was $2,889,101, driven by $3,363,626 of interest income on Trust Account holdings.

Products and services

Blank check acquisition vehicle seeking an initial business combination. Trust Account holding U.S. Treasury Bills with maturities of 185 days or less. Public Units, Class A Ordinary Shares, Class B Ordinary Shares (Founder Shares), and Private Placement Warrants.

Customers and end markets

Public shareholders and institutional investors. Notable shareholders as of the filing include Point72 Asset Management L.P. (8.70% of Class A, per the 10-K filed 2026-03-27), Harraden Circle Investments LLC (8.70% of Class A), Jain Global LLC (5.18% of Class A), and J. Goldman & Co LP (5.00% of Class A). Sponsor 1RT Acquisition Sponsor LLC holds 100% of Class B Ordinary Shares (4,312,500 shares, representing 20.00% of total outstanding ordinary shares).

Value-chain role

SPAC sponsor and acquisition vehicle. The management team is affiliated with 50T, which consolidated 1RoundTable Partners LLC and 10T Holdings LLC in July 2025. 10T is described in the filing as a growth equity firm focused on digital assets with $1.2 billion AUM as of the filing date.

Geographic exposure

Incorporated in the Cayman Islands. Listed on Nasdaq. No operating geographic footprint disclosed in the filing.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks