Art Technology Acquisition Corp. is a SPAC — a blank check company with no operations of its own. Art Technology raised $253M in its January 2026 IPO, and those proceeds sit in a trust invested in U.S. government securities or money market funds. The company's sole purpose is to acquire a private company through an initial business combination within 36 months of IPO closing. If no deal is completed, the trust is liquidated and public shareholders receive approximately $10.00 per share. Art Technology is focused on targets in technology, art, and financial services, with a preference for businesses with recurring revenue and differentiated market positions, though management is not contractually limited to these sectors. The company is led by CEO Daniel Cohen, who has a background in financial technology and public financial services companies. The sponsor — controlled by Daniel Cohen — received roughly 8.6M founder shares for a nominal price, which convert to Class A shares upon deal completion, giving insiders a strong financial incentive to close a transaction. Public shareholders get downside protection through the trust redemption right, with upside tied to post-combination equity performance. The management team has previously sponsored multiple SPACs, completing combinations including CardConnect, International Money Express, Paya Holdings, and Perella Weinberg Partners, though several prior vehicles liquidated without completing a deal. Art Technology runs concurrently alongside sister SPACs Cohen Circle II and BTC Development, which creates potential conflicts of interest in sourcing acquisition targets.