Art Technology Acquisition Corp. Units

ARTC: 8-K · leadership change

Walter T. Beach resigned from the board of Art Technology Acquisition Corp. effective October 20, 2026. The filing states his resignation was not the result of any disagreement with the Company on any matter relating to operations, policies, or practices. For a pre-deal SPAC, a single non-disagreement director departure is routine and carries no disclosed financial impact.

SEC 8-K•2d ago

ARTC: 10-Q · periodic report

Art Technology Acquisition Corp., a blank check company, reported net income of $1,920,640 for the quarter ended June 30, 2026, driven by $2,257,032 of interest earned on its trust account against $336,392 of general and administrative expenses. Six-month net income was $3,410,842, or $0.10 per share. The SPAC completed its IPO in January 2026, selling 22,000,000 units at $10.00 per unit plus a fully exercised over-allotment for aggregate gross proceeds of $253,000,000, alongside $8,250,000 from 825,000 private placement units sold to its sponsor and underwriter Clear Street. The trust account held $257,247,870 at quarter end, with $2,309,856 in cash outside the trust. No business combination target has been announced. The company has 24 months from the January 2026 IPO closing to complete a deal or redeem public shares and liquidate; its 6,531,250 warrants (struck at $11.50) become exercisable only after a business combination. Management concluded disclosure controls were effective and did not flag going-concern issues.

SEC 10-Q•2mo ago

ARTC: 10-Q · periodic report

Art Technology Acquisition Corp. (the “Company”) is a blank check company incorporated in the Cayman Islands on August 22, 2025. The Company's primary purpose is to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses or entities. The Company completed its Initial Public Offering (IPO) on January 7, 2026, selling 22,000,000 units at $10.00 per unit, generating gross proceeds of $220,000,000. Simultaneously, the Company sold 825,000 Private Placement Units at $10.00 per unit, generating gross proceeds of $8,250,000. On January 24, 2026, the underwriters fully exercised their over-allotment option, resulting in the sale of an additional 3,300,000 units for total gross proceeds of $33,000,000, bringing the aggregate gross proceeds to $253,000,000. As of March 31, 2026, the Company had $2,609,277 in cash and $254,990,838 in marketable securities held in the Trust Account. For the three months ended March 31, 2026, the Company reported net income of $1,490,202, which includes general and administrative costs of $500,636, offset by interest earned on marketable securities held in the Trust Account of $1,990,838.

SEC 10-Q•5mo ago