1RT Acquisition Corp.’s (NASDAQ:ONCHU) Lock-Up Period To End Tomorrow

1RT Acquisition’s (NASDAQ:ONCHUGet Free Report) lock-up period will end on Monday, December 29th. 1RT Acquisition had issued 15,000,000 shares in its initial 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, major shareholders and company insiders will be able to sell their shares of the company.

1RT Acquisition Price Performance

NASDAQ:ONCHU opened at $10.40 on Friday. The business’s 50 day moving average price is $10.51. 1RT Acquisition has a 12 month low of $10.20 and a 12 month high of $11.35.

Institutional Investors Weigh In On 1RT Acquisition

A number of hedge funds have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. purchased a new position in 1RT Acquisition in the 3rd quarter valued at approximately $52,000. MASO CAPITAL PARTNERS Ltd purchased a new position in shares of 1RT Acquisition in the 3rd quarter valued at about $106,000. Readystate Asset Management LP acquired a new position in shares of 1RT Acquisition during the third quarter worth about $105,000. Syquant Capital Sas purchased a new stake in shares of 1RT Acquisition during the third quarter worth approximately $105,000. Finally, Bulldog Investors LLP purchased a new stake in shares of 1RT Acquisition during the third quarter worth approximately $106,000.

1RT Acquisition Company Profile

(Get Free Report)

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.

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