- Business
- 1RT Acquisition Corp. operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company offers units comprising one share of Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50; it does not have significant operations other than seeking a target business. Headquartered in Miami Beach, Florida, and founded in 2024, 1RT Acquisition Corp. targets businesses in the technology sector, particularly blockchain, cryptocurrency, and Web3-related enterprises, with a focus on North American markets. No recent major changes, such as partnerships, acquisitions, funding rounds, or strategic shifts, have been publicly reported for the company within the last 1-2 years.