Nasarq IPO for cryptocurrency SFAC

Key Points:* 1RT Acquisition Corp. plans to raise $150 million through IPO.

• Shares listed on Nasdaq under the symbol “ONCHU”.
• Potential expansion into cryptocurrency, blockchain, and fintech. 1RT Acquisition Corp. is preparing to raise $150 million through its initial public offering on Nasdaq under the symbol “ONCHU”. Trading is expected to commence on July 2, 2025.

This IPO paves the way for potential growth in cryptocurrency and fintech sectors, following 1RT’s stated acquisition strategy.

1RT Acquisition Corp. to Launch Nasdaq IPO of $150 Million

On July 2nd, 1RT Acquisition Corp., a special purpose acquisition company, announced plans to enter Nasdaq and raise $150 million. The funds aim to facilitate mergers and acquisitions in cryptocurrency and fintech. Reported shares are priced at $10.00 each for this offering.

The IPO listing under “ONCHU” signifies major capability to impact on-chain assets through strategic acquisitions. Market anticipation builds as the company targets potential blockchain and cryptocurrency ventures with this IPO.

Industry reactions to 1RT’s IPO remain muted, with no statements from major market figures noted. Discussions in crypto forums also show limited engagement as the firm awaits post-IPO strategies.

Strategic Impact and Market Outlook on Crypto Ventures

Did you know? Historically, SPACs entering crypto have stirred sentiment, exemplified by the Galaxy Digital SPAC boost in 2018.

According to CoinMarketCap, Bitcoin is priced at $106,053.34, with a market cap of $2.11 trillion. The cryptocurrency’s dominance stands at 64.65%, experiencing a 1.03% decline in the past 24 hours, although Bitcoin has increased 26.96% over the past 90 days.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 03:19 UTC on July 2, 2025. Source: CoinMarketCap Insights from the Coincu research team highlight that 1RT’s expansion into crypto could influence market trends, contingent on acquisition success. Regulatory hurdles are anticipated, but significant shifts in fintech and blockchain sectors may offer long-term opportunities.

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