Quarterly ResultAug 13, 2026, 08:47 AM
1RT Acquisition Corp. Reports H1 Net Income $2.80M; Going Concern Doubt
AI Summary
1RT Acquisition Corp. reported a net income of $2.80 million for the six months ended June 30, 2026, primarily driven by interest earned on marketable securities in its Trust Account. The company's marketable securities in the Trust Account grew to $178.98 million, while cash outside the Trust Account decreased significantly. Management noted substantial doubt about the company's ability to continue as a going concern if it fails to complete a Business Combination by July 3, 2027.
Key Highlights
- Six-month net income was $2.80 million for the period ended June 30, 2026.
- Three-month net income was $1.43 million for the period ended June 30, 2026.
- Marketable securities held in Trust Account increased to $178.98 million as of June 30, 2026.
- Cash outside the Trust Account decreased to $36,203 as of June 30, 2026.
- Shareholders' Deficit increased to $(8.15) million as of June 30, 2026.
- Substantial doubt about the company's ability to continue as a going concern was noted.
- The company must complete a Business Combination by July 3, 2027.
Price Impact