other_material
confidence high
sentiment neutral
materiality 0.70
1RT Acquisition Corp. closes $172.5M IPO; 17.25M units at $10.00 each
1RT Acquisition Corp.
- IPO of 17,250,000 units closed July 3, 2025, including full exercise of underwriters' over-allotment.
- Gross proceeds $172.5M; net proceeds placed in trust account at $10.00 per unit.
- Private placement of 2,250,000 warrants at $2.00 each raised $4.5M from sponsor and Cantor Fitzgerald.
- Audited balance sheet as of July 3, 2025 filed; $172.5M in trust, $1.14M cash outside trust.
- Company has 24 months to complete a business combination; no target identified yet.
item 8.01item 9.01