1RT Acquisition Corp. (ONCHU) Prices $150M IPO

1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025.

The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether cryptocurrencies, NFTs or other decentralized finance protocols.

1RT’s management team is led by Chief Executive Officer and Chairman Dan Tapiero and Chief Financial Officer Joe Majocha. The Board also includes Jeffrey Nuechterlein, Eric Vincent, Jeffrey Blockinger, and Matty Frymier.

Total SPAC deal count for 2025 year-to-date is now 67. This offering is expected to close on Thursday, July 3, 2025.

Cantor Fitzgerald & Co. acted as the sole book-running manager of the offering. Roberts & Ryan, Inc. acted as co-manager of the offering. Wilkie Farr & Gallagher LLP is serving as Issuer’s Counsel with Ellenoff, Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.