1RT Acquisition Holds at $10.22 with Crypto-SPAC Deadline Near
1RT Acquisition Corp.’s Class A shares traded at $10.22 Friday, about six cents below their $10.28 redemption value, with a market cap near $220 million and low volume. The SPAC reported $177.4 million in trust and “substantial doubt” about its ability to continue as a going concern. Investors await a merger target in digital assets, while competing crypto IPOs draw attention. Markets will close Monday for Memorial Day.