Meteora Capital reports 1,705,014-share stake in 1RT Acquisition (ONCH)
Rhea-AI Filing Summary
1RT Acquisition Corp. ownership update: Meteora Capital, LLC and Vik Mittal report beneficial ownership of 1,705,014 shares of Class A common stock (CUSIP G6757R105), representing 9.88% of the class. The filing states shared voting and dispositive power over these shares. The signature shows Vik Mittal dated 05/15/2026.
Positive
- None.
Negative
- None.
Insights
Holders report near-10% stake with shared control.
The statement shows Meteora Capital and Vik Mittal jointly report beneficial ownership of 1,705,014 shares, equal to 9.88% of Class A common stock. The filing identifies shared voting and shared dispositive power for that amount.
Key dependencies include whether reporting reflects direct fund holdings vs. manager influence; subsequent amendments or transaction reports could change the position disclosed.
Disclosure signals a sizable passive stake without control claim.
The filing expressly notes the Reporting Persons do not admit beneficial ownership for Section 13 purposes while reporting shared voting/dispositive power over 1,705,014 shares (CUSIP G6757R105).
Communications to shareholders or future filings may clarify whether holdings are held by funds managed by Meteora Capital or altered by later trading.