Art Technology Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering

Rhea-AI Summary

Art Technology Acquisition Corp (NASDAQ:ARTCU / ARTC) priced an initial public offering of 22,000,000 units at $10.00 per unit for gross proceeds of $220,000,000. Units begin trading on January 6, 2026 on Nasdaq Global Market under ARTCU; separate Class A shares and warrants are expected to list as ARTC and ARTCW once separated. Each unit includes one Class A share and one-fourth of a redeemable warrant exercisable at $11.50. Closing is expected on or about January 7, 2026, and the underwriter has a 45-day option to purchase up to 3,300,000 additional units.

The company is a blank-check vehicle focused on targets in technology, art, financial services, and investment banking; Clear Street is sole book-running manager.

Positive

• Gross proceeds of $220,000,000 from the offering
• Listing on Nasdaq Global Market with trading from Jan 6, 2026
• Underwriter option: 3,300,000 additional units (45 days)

Negative

• No acquisition target announced; company is a blank-check vehicle
• Warrants could create up to 5,500,000 initial warrants from units
• Full over-allotment would add 825,000 warrants, increasing dilution

Key Figures

IPO size $220,000,000 Initial public offering units total value

Units offered 22,000,000 units Initial public offering size

Unit price $10.00 per unit Initial public offering price

Warrant fraction 1/4 redeemable warrant Included in each unit

Warrant exercise price $11.50 per share Exercise price for each whole warrant

Over-allotment option 3,300,000 units Underwriter 45-day option

Effective date January 5, 2026 SEC declared registration statement effective

Option period 45 days Underwriter option to purchase additional units

Market Reality Check

Market Pulse Summary

This announcement details the pricing of an IPO of 22,000,000 units at $10.00, each including a fraction of a redeemable warrant exercisable at $11.50. As a blank check company, its future hinges on identifying and completing a suitable business combination. Investors may watch for use of the 3,300,000-unit over-allotment option, subsequent SEC filings, and announcements about potential acquisition targets.

Key Terms

initial public offering financial

"announced the pricing of its initial public offering of 22,000,000 units"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

redeemable warrant financial

"one-fourth of one redeemable warrant, each whole warrant exercisable"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

registration statement regulatory

"A registration statement relating to the units and the underlying securities"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

forward-looking statements regulatory

"This press release contains statements that constitute “forward-looking statements,”"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

PHILADELPHIA, PA, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Art Technology Acquisition Corp. (NASDAQ:ARTCU) (the “Company”) today announced the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The Company’s units will be listed on the Nasdaq Global Market under the symbol “ARTCU” and will begin trading on January 6, 2026. Each unit issued in the offering consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols “ARTC” and “ARTCW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The closing of the offering is anticipated to take place on or about January 7, 2026, subject to customary closing conditions.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to identify companies in the technology, art, financial services, and investment banking sectors. The team is led by Daniel G. Cohen, its Chairman and Chief Executive Officer, and Katherine Fleming, its Vice Chairman.

Clear Street is serving as the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on January 5, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact Information:

Art Technology Acquisition Corp.
info@cohencircle.com

FAQ

How many units did Art Technology Acquisition Corp (ARTCU) offer in the IPO on January 5, 2026?

The company priced 22,000,000 units at $10.00 per unit, totaling $220,000,000 in gross proceeds.

When will ARTCU begin trading and what symbols will the securities use?

Units begin trading January 6, 2026 under ARTCU; separated Class A shares and warrants are expected to trade as ARTC and ARTCW.

What are the warrant terms included in Art Technology Acquisition Corp's IPO?

Each unit includes one-fourth of one redeemable warrant; each whole warrant is exercisable for one Class A share at $11.50 per share.

What is the underwriter over-allotment for ARTCU's offering and timeframe?

The underwriter has a 45-day option to purchase up to 3,300,000 additional units at the IPO price to cover over-allotments.

When is the expected closing date for the ARTCU IPO?

The offering closing is anticipated to occur on or about January 7, 2026, subject to customary closing conditions.

What sectors will Art Technology Acquisition Corp (ARTC) target for a business combination?

The company said its primary focus will be on companies in technology, art, financial services, and investment banking.