Art Technology Acquisition Corp. 8-K

What Happened Art Technology Acquisition Corp. announced on January 7, 2026 that it completed its initial public offering (IPO) of 22,000,000 units at $10.00 per unit, generating $220,000,000 in gross proceeds. Each unit contains one Class A ordinary share and one-fourth of a redeemable warrant (each whole warrant exercisable for one share at $11.50, subject to adjustment). Simultaneously, the company completed a private placement of 825,000 units at $10.00 per unit for $8,250,000. A total of $220,000,000 of the net proceeds (which the filing states includes $8,800,000 of the underwriters’ deferred discount) were placed into a trust account for the benefit of public shareholders. An audited balance sheet as of January 7, 2026 reflecting these receipts is included as Exhibit 99.1 to the 8-K.

Key Details

• IPO: 22,000,000 units sold at $10.00 each = $220,000,000 gross proceeds (consummated Jan 7, 2026).
• Private Placement: 825,000 units at $10.00 each = $8,250,000; purchasers were Clear Street (295,000 units) and Art Technology Sponsor, LLC (530,000 units).
• Unit composition: 1 Class A ordinary share + 1/4 redeemable warrant; full warrant exercise price $11.50 per share (subject to registration-statement adjustments).
• Trust and reporting: $220,000,000 of net proceeds placed with Continental Stock Transfer & Trust Company as trustee; audited balance sheet (Exhibit 99.1) included in the filing.

Why It Matters This filing confirms the company is a completed SPAC IPO with public capital placed in a trust for shareholders — a key step before searching for or announcing an acquisition target. Investors should note the amount secured in trust, the unit and warrant structure (which can affect future share dilution), and the sponsor/underwriter participation in the private placement. The audited balance sheet provides verification that proceeds were received and held as required.