Group 1 - The underwriter of Art Technology Acquisition Corp.'s initial public offering fully exercised its option to purchase an additional 3,300,000 units at $10.00 per unit, resulting in additional gross proceeds of approximately $33,000,000 [1] - The total number of units sold in the public offering increased to 25,300,000 units, leading to total gross proceeds of $253,000,000 for the initial public offering [1] Group 2 - Each unit issued in the offering consists of one Class A ordinary share and one-fourth of one warrant, with each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 [2] - The Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols "ARTC" and "ARTCW," respectively, once separate trading begins [2] Group 3 - Art Technology Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [3] - The company aims to identify acquisition opportunities primarily in the technology, art, financial services, and investment banking sectors [3] - The leadership team includes Daniel G. Cohen as Chairman and Chief Executive Officer, and Katherine Fleming as Vice Chairman [3] Group 4 - Clear Street LLC acted as the sole book-running manager for the offering [4]
Art Technology Acquisition Corp. Announces the Closing of Full Exercise of IPO Over-Allotment Option