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Art Technology Acquisition Corp. [ARTCU]

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Art Technology Acquisition Corp. Units represent bundled securities combining common stock and warrants issued by this special purpose acquisition company (SPAC) formed to identify and merge with a technology company. Each unit typically consists of one share of common stock and a fraction of one warrant (often one-half or one-third warrant), packaged together during the SPAC's initial public offering. Art Technology Acquisition Corp. raised capital through its IPO with the stated business purpose of targeting technology companies in sectors including software, artificial intelligence, data analytics, cybersecurity, or related industries for potential business combination. The SPAC structure provides an alternative path for private companies to access public capital markets through merger with the SPAC rather than conducting traditional initial public offerings. Unit holders can typically separate their units into individual common shares and warrants after a specified period (usually 52 days post-IPO), allowing independent trading of each component. If Art Technology Acquisition Corp. successfully identifies and completes a merger with a target company, unit holders' securities convert into stock of the combined entity. However, if the SPAC fails to complete a business combination within its specified timeframe (typically 18-24 months), the SPAC liquidates and returns capital to investors. Units trading under the ARTCU symbol offer investors exposure to management's deal-sourcing abilities while warrants provide additional upside potential if a successful merger occurs.