1RT Acquisition Corp
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1RT Acquisition Corp AI Insights
Informational only. Not investment advice.Snapshot
- Zero revenue SPAC with 166.5M equity held in trust. Net income of 1.4M TTM entirely from 1.7M interest income on trust assets.[Total Revenue]
- Operating burn of -285K TTM with only 741K cash outside trust. Current runway under 3 years without deal or extension.[Cash and Equivalents]
- Zero debt with 166.5M tangible book value. Liabilities of 8.6M are minor vs 175M total assets.[Debt to Equity]
Watch Triggers
- Cash and Equivalents: Falls below 300K — Signals inability to fund operations through deal timeline without dilutive financing
- Total Assets: Significant change from 175M — Trust redemptions or deal announcement would materially alter asset base
- Operating Expense: Increases >50% from 285K — Rising G&A suggests active deal pursuit but accelerates cash burn
Bull Case
Downside protected at ~$10/share trust value (166.5M equity). If no deal, shareholders receive liquidation distribution.
Interest income of 1.7M TTM on trust generates positive net income while waiting for target acquisition.
Bear Case
Zero operating business - pure binary bet on management finding and closing attractive acquisition target.
Trading volume of 45K shares indicates extreme illiquidity. Exit may be difficult at fair value.
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
SPAC must announce qualifying acquisition or face liquidation, returning ~$10/share to holders
- Trust assets of 166.5M backing shares
- Operating cash burn of -293K TTM depleting working capital
- Typical SPAC deadline 18-24 months from IPO
Valuation Context
Caveats
ONCH Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$220.37M | — | ||
$220.18M | — | ||
35 | — | ||
$0 | — | ||
$0.29 | — | ||
0% | — | ||
0% | — | ||
$-685,202 | — | ||
5.07% | — | ||
Beta 5Y (Monthly) | unknown | — |
ONCH Dividend History
ONCH Stock Splits
ONCH SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/14/26 | 03/31/26 | 10-Q | |
03/27/26 | 12/31/25 | 10-K | |
11/13/25 | 09/30/25 | 10-Q | |
08/13/25 | 06/30/25 | 10-Q | |
07/02/25 | 03/31/25 | 424B4 |