Art Technology Acquisition Corp. 8-K

What Happened
Art Technology Acquisition Corp. filed an 8‑K reporting the closing of its initial public offering and the underwriter’s full exercise of the over‑allotment option. The Company sold 22,000,000 units on January 7, 2026 at $10.00 per unit (gross $220,000,000) and the underwriter exercised the over‑allotment on January 26, 2026, adding 3,300,000 units at $10.00 each (gross $33,000,000). As of January 26, 2026 the Trust Account maintained by Continental Stock Transfer & Trust Company held $253,000,000. Each Unit consists of one Class A share and one‑quarter of a warrant (each whole warrant exercisable at $11.50).

Key Details

• IPO initial sale: 22,000,000 Units at $10.00/unit → $220,000,000 gross proceeds (Jan 7, 2026).
• Over‑allotment: 3,300,000 additional Units at $10.00/unit → $33,000,000 gross (closed Jan 26, 2026).
• Trust balance: $253,000,000 in the U.S. Trust Account as of Jan 26, 2026.
• Limited withdrawals: interest may be used for working capital (up to $400,000/year) and taxes (and up to $100,000 for dissolution costs if no deal).

Why It Matters
This filing confirms the SPAC has completed its fundraising and holds $253M in trust to pursue an initial business combination. The trust balance is what will be returned to public shareholders if the SPAC fails to complete a merger within the prescribed 24‑month (or, in some cases, 27‑month) period, so the reported funds and the stated withdrawal limits are directly relevant to investor protections and the company’s ability to search for targets. An unaudited balance sheet and the related press release were filed as exhibits to the 8‑K.