Art Technology Acquisition (NASDAQ: ARTCU) completes $220M IPO and trust funding

Rhea-AI Filing Summary

Art Technology Acquisition Corp. reported that it completed its initial public offering by selling 22,000,000 units at $10.00 per unit, generating gross proceeds of $220,000,000. Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant, with each whole warrant allowing the purchase of one Class A share at $11.50 per share. The company also completed a private placement of 825,000 units at $10.00 per unit, raising an additional $8,250,000 from Clear Street and its sponsor. A total of $220,000,000 of net proceeds from the IPO and private placement, including $8,800,000 of underwriters’ deferred discount, was deposited into a trust account for the benefit of public shareholders.

Positive

• Completed IPO raising $220,000,000 in gross proceeds from 22,000,000 units priced at $10.00 each.
• Additional $8,250,000 raised in private placement of 825,000 units to Clear Street and the sponsor.
• $220,000,000 of net proceeds placed in a shareholder trust account, including $8,800,000 of deferred underwriting discount.

Negative

• None.

Insights

Capital markets analyst

Art Technology Acquisition raises $220M IPO cash, fully funded trust.

Art Technology Acquisition Corp. completed an IPO of 22,000,000 units at $10.00 per unit, for gross proceeds of $220,000,000. Each unit bundles one Class A ordinary share and one-fourth of a redeemable warrant exercisable at $11.50 per share, a typical SPAC-style structure that pairs equity with potential upside through warrants.

Alongside the IPO, the company sold 825,000 placement units at $10.00 per unit in a private placement, bringing in $8,250,000 from Clear Street and the sponsor. The filing states that $220,000,000 of net proceeds from both transactions, including $8,800,000 of deferred underwriting discount, has been placed into a trust account for the benefit of public shareholders, which is standard for SPACs.

This structure means the company now has a fully funded trust that can be used to pursue a future business combination, while public shareholders have funds reserved in trust and additional potential value from warrants. Future disclosures in company filings will detail any proposed transaction drawing on these trust assets.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 7, 2026

ART TECHNOLOGY ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

Cayman Islands		001-43040		98-1881297
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

2929 Arch Street, Suite 1703 Philadelphia, PA		19104
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (267) 703-4396

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one share right		ARTCU		The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share		ARTC		The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A ordinary share		ARTCW		The Nasdaq Stock Market LLC

Item 8.01. Other Events.

On January 7, 2026, Art Technology Acquisition Corp. (the “Company”) consummated the sale of 22,000,000 units (the “Units”) in its initial public offering (the “IPO”). The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $220,000,000. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one-fourth of one redeemable warrant of the Company (each, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment as provided in the Company’s registration statement on Form S-1, initially filed with the Securities and Exchange Commission on December 5, 2025 (File No. 333-291966). 

On January 7, 2026, simultaneously with the consummation of the IPO, the Company consummated the issuance and sale (“Private Placement”) of 825,000 Units (the “Placement Units”) in a private placement transaction at a price of $10.00 per Placement Unit, generating gross proceeds of $8,250,000. The Placement Units were purchased by Clear Street, the sole book-running manager for the IPO (295,000 Units) and the Company’s sponsor, Art Technology Sponsor, LLC (530,000 Units).

A total of $220,000,000 of the net proceeds from the IPO and the Private Placement (which includes $8,800,000 of the Underwriters’ deferred discount) were placed in a trust account established for the benefit of the Company’s public shareholders, with Continental Stock Transfer & Trust Company acting as trustee.

An audited balance sheet as of January 7, 2026 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Audited balance sheet of the Company as of January 7, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 13, 2026	ART TECHNOLOGY ACQUISITION CORP.
	By:	/s/ R. Maxwell Smeal
	Name:	R. Maxwell Smeal
	Title:	Chief Financial Officer

2

FAQ

What did Art Technology Acquisition Corp. (ARTCU) announce in this filing?

The company announced it consummated its initial public offering by selling 22,000,000 units at $10.00 per unit, as well as a private placement of 825,000 units. It also reported that $220,000,000 of net proceeds from these transactions was deposited into a trust account for public shareholders.

How much capital did ARTCU raise in its IPO and at what price?

Art Technology Acquisition Corp. raised $220,000,000 in gross proceeds from its IPO by selling 22,000,000 units at a price of $10.00 per unit.

What securities are included in each ARTCU unit from the IPO?

Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share, subject to adjustment described in the company’s Form S-1.

What is the size and pricing of ARTCU’s private placement units?

The company completed a private placement of 825,000 placement units at $10.00 per unit, generating $8,250,000 in gross proceeds. These placement units were purchased by Clear Street and the company’s sponsor, Art Technology Sponsor, LLC.

How much money did ARTCU place into the trust account for shareholders?

The filing states that $220,000,000 of net proceeds from the IPO and the private placement, including $8,800,000 of underwriters’ deferred discount, was deposited into a trust account established for the benefit of the company’s public shareholders.

Who purchased the private placement units in ARTCU?

The private placement units were purchased by Clear Street, the sole book-running manager for the IPO, which acquired 295,000 units, and by the company’s sponsor, Art Technology Sponsor, LLC, which acquired 530,000 units.

What financial statement did ARTCU file with this 8-K?

The company included as Exhibit 99.1 an audited balance sheet as of January 7, 2026, reflecting receipt of the proceeds from the IPO and the private placement.