1RT Acquisition Holds at $10.22 with Crypto-SPAC Deadline Near
1RT Acquisition Corp.'s Class A shares on Nasdaq traded at $10.22 Friday, barely moving. Market data pegged its value close to $220 million, with trading volume still thin. ONCH is quiet, trading near its cash value as investors watch for the next deal. The point is 1RT is a SPAC, so it’s a shell with cash hunting for a deal. The company says it wants a target in digital assets, crypto, blockchain, or fintech. The share price doesn’t reflect operations. It’s mostly about the cash held in trust, the odds of making a deal, and whether the market is up for another crypto-connected listing.