SPAC 1RT Acquisition Corp. completes $172.5M IPO, targets digital assets & fintech

1RT Acquisition Corp.

IPO of 17.25M units at $10.00/unit, gross proceeds $172.5M; over-allotment fully exercised.
Trust account funded with $172.5M ($10.00 per unit) from IPO and private placement proceeds.
Private placement of 2.25M warrants at $2.00 each to Sponsor (1.5M) and Cantor (0.75M), raising $4.5M.
Management: CEO Dan Tapiero, CFO Joe Majocha; Board includes four independent directors.
Focus on digital assets, cryptocurrency, blockchain, and fintech for initial business combination.

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