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Art Technology Acquisition (ARTCU) insiders hold 29% stake in SPAC shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Art Technology Acquisition Corp. received a Schedule 13D from its sponsor group detailing a significant ownership stake. Daniel G. Cohen, together with Art Technology Sponsor, LLC and Art Technology Advisors, LLC, reports beneficial ownership of 9,138,333 ordinary shares, representing 29.0% of the company’s outstanding shares across all classes. Sponsor holds 3,280,000 shares (10.4%) and Advisors holds 5,858,333 shares (18.6%), largely in Class B founder shares that convert into Class A on a one‑for‑one basis. The group’s aggregate purchase price for currently beneficially owned shares is $5,325,000. Cohen and the sponsor entities have agreed to vote their shares in favor of any initial business combination, waive certain redemption and liquidation rights, observe lock‑up restrictions on founder and placement securities, and benefit from registration rights once the SPAC completes a transaction.

Positive

  • None.

Negative

  • None.





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Comprised of 530,000 Class A ordinary shares and 2,750,000 Class B ordinary shares. The Class B shares will automatically convert into Class A shares at the time of the Issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to certain adjustments described in the Issuer's charter documents.


SCHEDULE 13D




Comment for Type of Reporting Person:
(2) Comprised of 5,858,333 Class B ordinary shares, up to 1,100,000 shares of which may be forfeited if the underwriter's over-allotment option is not exercised in full. The Class B shares will automatically convert into Class A shares at the time of the Issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to certain adjustments described in the Issuer's charter documents.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Comprised of 530,000 Class A ordinary shares and 8,608,333 Class B ordinary shares, of which up to 1,100,000 Class B ordinary shares may be forfeited if the underwriter's over-allotment option is not exercised in full. The Class B shares will automatically convert into Class A shares at the time of the Issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to certain adjustments described in the Issuer's charter documents. Mr. Cohen is the Manager of Art Technology Sponsor, LLC and Art Technology Advisors, LLC and shares voting and investment power over shares held by each entity and disclaims beneficial ownership over any securities in which he does not have any pecuniary interest.


SCHEDULE 13D


Art Technology Sponsor, LLC
Signature:/s/ Daniel G. Cohen
Name/Title:Daniel G. Cohen/Manager
Date:01/08/2026
Art Technology Advisors, LLC
Signature:/s/ Daniel G. Cohen
Name/Title:Daniel G. Cohen/Manager
Date:01/08/2026
Daniel G. Cohen
Signature:/s/ Daniel G. Cohen
Name/Title:Daniel G. Cohen
Date:01/08/2026

FAQ

How many Art Technology Acquisition Corp. (ARTCU) shares do Daniel G. Cohen and affiliates beneficially own?

Daniel G. Cohen, together with Art Technology Sponsor, LLC and Art Technology Advisors, LLC, reports beneficial ownership of 9,138,333 ordinary shares of Art Technology Acquisition Corp., representing 29.0% of the issued and outstanding shares across all classes.

What are the individual ownership stakes of Art Technology Sponsor, LLC and Art Technology Advisors, LLC?

Art Technology Sponsor, LLC beneficially owns 3,280,000 shares, or 10.4% of the company’s outstanding shares, comprised of 530,000 Class A shares and 2,750,000 Class B shares. Art Technology Advisors, LLC beneficially owns 5,858,333 Class B shares, representing 18.6% of the outstanding shares across all classes.

What did the Art Technology Acquisition Corp. sponsor group pay for its current stake?

The filing states that the aggregate purchase price for the ordinary shares currently beneficially owned by the reporting persons was $5,325,000, funded from the capital of Art Technology Sponsor, LLC and Art Technology Advisors, LLC.

How are the Class B founder shares of Art Technology Acquisition Corp. treated?

The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer’s initial business combination, or at any time and from time to time at the option of the holder, on a one‑for‑one basis, subject to certain adjustments described in the issuer’s charter documents.

What lock-up and voting arrangements apply to the Art Technology sponsor and insiders?

Under an Insider Letter, the sponsor, Advisors and Daniel G. Cohen agreed to lock-up provisions on placement units and related securities until 30 days after the initial business combination, waived redemption and certain liquidation rights on their Class B and public shares, and agreed to vote their shares in favor of any proposed initial business combination and not redeem shares in connection with such a transaction.

What other key agreements cover Art Technology Acquisition Corp. sponsor securities?

The reporting persons reference a Private Placement Units Purchase Agreement for 530,000 placement units, the Insider Letter governing lock‑ups, waivers and indemnity of the trust account, and a registration rights agreement granting demand and piggyback registration rights, all executed in connection with the SPAC’s initial public offering.