1RT Acquisition Corp.

ONCH: 10-Q · periodic report

1RT Acquisition Corp. reported net income of $1.37 million for the quarter ended March 31, 2026, driven primarily by $1.55 million in interest income earned on marketable securities held in its Trust Account. This interest income offset $172,510 in general and administrative expenses, resulting in a positive net income despite the company having no operating revenues. The company holds $177.4 million in its Trust Account, which includes the initial $172.5 million IPO proceeds plus accrued interest. Outside the Trust Account, the company maintains only $191,060 in cash for working capital purposes, including payments for administrative services and due diligence activities. The filing includes standard going concern language, noting that the company may need to raise additional capital to meet working capital needs if it cannot complete a business combination within the required timeframe. No material changes to risk factors or significant operational developments were reported.

SEC 10-Q•5mo ago