Meteora Capital, LLC and its managing member Vik Mittal have filed a Schedule 13G reporting beneficial ownership of 1,539,014 shares of 1RT Acquisition Corp. Class A common stock, representing 8.9218% of the class.
The shares are held by funds and managed accounts advised by Meteora Capital, which has shared voting and dispositive power over the reported shares and no sole voting or dispositive power. The filing states the position was acquired and is held in the ordinary course of business, not for the purpose of influencing control of the company.
1RT Acquisition Corp. (ONCH) reported its first post‑IPO quarter and remains in the SPAC search phase. The company recorded net income of $1,398,121 for the quarter ended September 30, 2025, driven by $1,683,318 of interest income from its trust investments, offset by $285,197 in operating costs.
Following its July 3, 2025 IPO of 17,250,000 units at $10.00, the trust holds $174,183,318, invested in U.S. government securities via a money market fund. Cash held outside the trust was $741,229, used for ongoing SPAC expenses. Deferred underwriting fees total $8,212,500. The company had 17,250,000 Class A and 4,312,500 Class B ordinary shares outstanding as of November 13, 2025.
Management reiterates the standard SPAC terms: public shares are redeemable, warrants are exercisable at $11.50 per share after a business combination, and the initial business combination is targeted within the 24‑month Completion Window. The filing notes the company may seek additional working capital from sponsors or affiliates if needed to pursue a transaction.