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The special purpose acquisition company plans to raise $150 million and aims to venture into the digital asset and financial technology sectors.
According to Gate News bot, 1RT Acquisition Corp. submitted an S-1 amendment to the SEC on July 2, announcing plans to raise $150 million through an IPO. The company is expected to be listed on Nasdaq on the same day, with the stock code "ONCHU".
1RT Acquisition Corp. stated that its goal is to merge with one or more businesses, which may take the form of mergers, stock exchanges, asset acquisitions, or restructurings. The company plans to expand its business into emerging fields such as cryptocurrency, blockchain, and fintech, and is considering the acquisition of digital assets.