1RT Acquisition Corp.’s (NASDAQ:ONCHU) Lock-Up Period To Expire on December 29th

1RT Acquisition’s (NASDAQ:ONCHU) lock-up period is set to end on Monday, December 29th. 1RT Acquisition had issued 15,000,000 shares in its public offering on July 2nd. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

1RT Acquisition Price Performance

ONCHU stock opened at $10.40 on Wednesday. The stock has a 50 day moving average of $10.52. 1RT Acquisition has a fifty-two week low of $10.20 and a fifty-two week high of $11.35.

Institutional Investors Weigh In On 1RT Acquisition

Several institutional investors have recently modified their holdings of the business. PenderFund Capital Management Ltd. acquired a new position in 1RT Acquisition in the third quarter valued at approximately $52,000. MASO CAPITAL PARTNERS Ltd acquired a new stake in 1RT Acquisition during the 3rd quarter worth $106,000. Readystate Asset Management LP bought a new stake in shares of 1RT Acquisition during the 3rd quarter valued at $105,000. Syquant Capital Sas acquired a new position in shares of 1RT Acquisition in the 3rd quarter valued at $105,000. Finally, Bulldog Investors LLP bought a new position in shares of 1RT Acquisition in the 3rd quarter worth $106,000.

1RT Acquisition Company Profile

We are a blank check company incorporated on December 13, 2024 as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.