1RT Acquisition Corp. Reports $41,267 Net Loss for Quarter Ending June 30, 2025

1RT Acquisition Corp. has reported its financial results for the quarter ending June 30, 2025, revealing a net loss of $41,267 for the three-month period and a total net loss of $72,267 for the six months ended June 30, 2025. The losses are attributed entirely to general and administrative expenses, which amounted to $41,267 and $72,267 for the respective periods. The company has not generated any revenue to date, as it has not yet completed any business combinations since its inception on December 13, 2024.

The company’s balance sheet reflects significant changes since the end of the previous fiscal period. As of June 30, 2025, total assets stood at $505,828, a substantial increase from $143,423 at the end of December 2024. This increase is primarily due to deferred offering costs, which rose to $505,828 from $134,537. Conversely, total current liabilities increased to $573,027 from $138,355, driven by accrued expenses and a promissory note from a related party. The shareholders' equity shifted to a deficit of $67,199 from a positive equity of $5,068, largely due to the accumulated deficit growing from $(19,932) to $(92,199).

In terms of strategic developments, 1RT Acquisition Corp. successfully completed its Initial Public Offering (IPO) on July 3, 2025, raising gross proceeds of $172.5 million by selling 17,250,000 units at $10.00 each. This IPO included the full exercise of an over-allotment option by underwriters, which added an additional 2,250,000 units. The company also sold 2,250,000 private placement warrants for $4.5 million, which will be used to fund future business combinations. The funds from the IPO are now held in a trust account, intended for use in completing a business combination.

Operationally, the company has not yet engaged in any substantive discussions regarding potential business combinations. As of June 30, 2025, the company had 17,250,000 Class A ordinary shares and 4,312,500 Class B ordinary shares outstanding. The company’s management has indicated that it will continue to incur costs related to identifying and evaluating potential target businesses, and it may need to secure additional financing to cover operational expenses or to complete a business combination.

Looking ahead, 1RT Acquisition Corp. remains focused on identifying suitable business combination targets. The management has expressed confidence in the sufficiency of funds raised through the IPO to meet operational needs for the next year. However, the company acknowledges the inherent risks associated with the current geopolitical climate and market conditions, which could impact its ability to successfully complete a business combination. The management's outlook emphasizes the importance of strategic planning and due diligence in navigating these challenges.