1RT Acquisition, a blank check company formed by 1RoundTable Partners targeting digital assets and blockchain, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-quarter of a warrant, exercisable at $11.50.
1RT Acquisition is led by CEO and Chairman Dan Tapiero, the Founding Partner, CIO, and CEO of both private equity firms 1RoundTable Partners and 10T Holdings, both of which are affiliates of the sponsor. It plans to target the digital assets and blockchain space, focusing on businesses with enterprise values $1 billion or more.
1RT Acquisition plans to list on the Nasdaq under the symbol ONCHU. Cantor Fitzgerald acted as sole bookrunner on the deal.
