Art Technology Acquisition Corp (NASDAQ: ARTC) is a blank check company formed to identify and complete a merger or acquisition with a target business, with a stated focus on the technology, art, financial services, and adjacent sectors. The company generates no operating revenue. Its capital structure consists of $253,000,000 placed in a trust account following the January 2026 IPO of 25,300,000 units at $10.00 per unit (including full exercise of the overallotment option) and a concurrent private placement of 825,000 units at $10.00 per unit, raising $8,250,000 from the sponsor and Clear Street. Trust proceeds are held in U.S. government securities or qualifying money market funds pending an initial business combination. The management team and board affiliates have prior SPAC experience through FinTech Acquisition Corp. (CardConnect Corp.), FinTech Acquisition Corp. II (International Money Express, IMXI), and at least one additional prior vehicle, per the 10-K filed March 17, 2026.

Revenue model

No operating revenue as of the 10-K filing date. The company holds $253,000,000 in a trust account invested in U.S. government securities or qualifying money market funds. Deferred underwriting discounts of $10,780,000 are payable only upon consummation of an initial business combination.

Products and services

Units consisting of Class A ordinary shares and fractional warrants (one-fourth of one warrant per unit), sold in the January 2026 IPO at $10.00 per unit. Private placement units sold to the sponsor (530,000 units) and Clear Street (295,000 units) at $10.00 per unit. The company is seeking a single initial business combination target, with stated preference for technology, art, and financial services sectors.

Customers and end markets

Public shareholders who purchased units in the January 2026 IPO. End market is determined by the as-yet-unidentified acquisition target. Sponsor and Clear Street are private placement unit holders.

Value-chain role

SPAC sponsor vehicle. Raises public capital, holds proceeds in trust, and deploys capital through a single business combination. Management team sources acquisition candidates through their network and may pay finder's fees or advisory fees upon deal completion.

Geographic exposure

Incorporation and operational domicile not specified in the excerpts. The filing states an intention to pursue global businesses but also notes the possibility of acquiring a domestic company.

Source: SEC 10-K, filed 2026-03-17

Industry: Blank Checks