other material
confidence high
sentiment neutral
materiality 0.55
Art Technology Acquisition Corp. closes full IPO over-allotment; trust now $253M
Art Technology Acquisition Corp.
- Underwriter exercised over-allotment option in full for 3.3M additional units at $10.00/unit, raising $33M gross.
- Total units sold in IPO increased to 25.3M units, total gross proceeds $253M.
- Trust account balance as of Jan 26, 2026 is $253M, up from the initial $220M.
- Each unit consists of one Class A ordinary share and one-fourth of a warrant exercisable at $11.50 per share.
- Company is a blank-check SPAC led by Daniel G. Cohen, targeting tech, art, financial services, and investment banking sectors.