1RT Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands on December 13, 2024, and headquartered in New York, NY. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one ...1RT Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands on December 13, 2024, and headquartered in New York, NY. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It operates in the financial services sector, specifically as a shell company.
As of the latest data, the company has a market capitalization of approximately $177 million and is listed on NASDAQ Global Select under the symbol ONCH. The company completed its initial public offering (IPO) on July 2, 2025, raising $172.5 million. The IPO was priced at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-fourth of one warrant. The warrants have an exercise price of $11.50 per share.
The company is led by CEO and Chairman Daniel Michael Tapiero, who is also the Founding Partner of 1RoundTable Partners and 10T Holdings. The management team includes other key figures such as Joe (last name not provided) as part of the leadership.
Financially, the company has no revenue (typical for a SPAC) and holds cash in trust from the IPO proceeds. As of the latest quarter, it has a book value per share of $7.86, and a price-to-book ratio of 1.309. The company has a low beta of 0.068, indicating low volatility. It has minimal operational expenses, with only 2 full-time employees.
The company aims to identify and merge with a private company, taking it public. The management team's expertise in technology and financial services is expected to guide the acquisition strategy. The company has not yet announced a target business combination, and it is currently in the pre-deal phase. The SPAC has until a certain date to complete a business combination or it may need to return funds to shareholders.
Overall, 1RT Acquisition Corp. is a newly formed SPAC with a clear strategy to leverage its management's experience to create value through a strategic acquisition.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$2.9M
+1208928.9%
+3.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-497444
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+17.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.0%
-100.0%
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Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.29x
+5027.2%
-26.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
