Art Technology Acquisition prices $220 million IPO at $10 per unit

Art Technology Acquisition Corp. (NASDAQ: ARTCU) priced its initial public offering of 22 million units at $10.00 per unit, raising $220 million. The blank check company's units will begin trading on the Nasdaq Global Market on January 6, 2026.

Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. The warrants are exercisable for Class A ordinary shares at $11.50 per share. Once the securities begin separate trading, the Class A shares and warrants are expected to trade under the symbols "ARTC" and "ARTCW," respectively.

The company was formed to pursue mergers, acquisitions or business combinations. Art Technology Acquisition plans to focus on companies in the technology, art, financial services, and investment banking sectors. Daniel G. Cohen serves as Chairman and Chief Executive Officer, while Katherine Fleming serves as Vice Chairman.

Clear Street is the sole book-running manager for the offering. The company granted the underwriter a 45-day option to purchase up to 3.3 million additional units to cover over-allotments. The offering is expected to close on or about January 7, 2026, subject to customary closing conditions.

The Securities and Exchange Commission declared the registration statement for the units and underlying securities effective on January 5, 2026.

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