1RT Acquisition Corp. (ONCH) Form 10-Q — May 14, 2026
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.
Key figures
- Net Income
- 1373848
- Total Assets
- 177775951
- Cash Position
- 191060
- Interest Income Trust
- 1546358
- Trust Account Balance
- 177409984
- Class AShares Outstanding
- 17250000
- Class BShares Outstanding
- 4312500
- Deferred Underwriting Fee
- 8212500
- Public Warrants Outstanding
- 4312500
- General And Administrative Costs
- 172510
- Private Placement Warrants Outstanding
- 2250000
Price after filing
Close on the filing date to close N calendar days later (from $10.21). Historical, not a forecast.
AI analysis
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