1RT Acquisition Corp. (ONCH)

1RT Acquisition Corp. is a special purpose acquisition company, or blank-check company, whose Class A ordinary shares trade on the Nasdaq. It was formed to raise capital through an initial public offering and then merge with or acquire one or more operating businesses.

The company has no operating business of its own. Its IPO proceeds are typically held in a trust account until it completes a business combination or returns funds to shareholders. A specific target sector has not been confirmed here.