Art Technology Acquisition, a blank check company formed by SPAC veteran Daniel Cohen targeting technology, art, and financial services, filed on Friday with the SEC to raise up to $220 million in an initial public offering.
The company plans to raise $220 million by offering 22 million units at $10.00. Each unit consists of one share of common stock and one-fourth of one warrant, exercisable at $11.50.
Art Technology Acquisition is led by CEO and Chairman Daniel Cohen, the Executive Chairman of Cohen & Company, and Chairman of Cohen Circle Acquisition II (CCIIU; +3% from $10 offer price). He is the son of well-known SPAC sponsor Betsy Cohen, who is not involved in this deal. Daniel Cohen is joined by Vice Chairman Katherine Fleming, the CEO and President of the J. Paul Getty Trust, and CFO Maxwell Smeal, the CFO of Cohen Circle Acquisition II, and of BTC Development (BDCIU; +2%).
The SPAC has not yet chosen a target, but plans to focus its search on companies in the technology, art, financial services and adjacent sectors that power transformation and innovation. It highlights market opportunities driven by the fusion of design and technology, the rise of art finance, innovations such as blockchain, AI, and VR, and an expanding and diversified TAM.
The Philadelphia, PA-based company was founded in 2025 and plans to list on the Nasdaq under the symbol ARTCU. Clear Street is the sole bookrunner on the deal.
